US Lawyer Database

§ 15-3-402. Application for funding

(a) The Arkansas Economic Development Commission shall make available forms upon which a business eligible for a grant under § 15-3-403 may apply for a grant to support the hiring of postdoctoral science and engineering graduates to work in areas of their expertise in Arkansas. (b) Within thirty (30) days of the receipt of an […]

§ 15-3-403. Eligibility for grants

To qualify for a grant authorized under § 15-3-404, a business shall: (1) Have operations within the State of Arkansas that are in one (1) of the six (6) categories of targeted businesses identified in § 15-4-2703(43)(A); (2) Pay average hourly wages in excess of one hundred ten percent (110%) of the county or state […]

§ 15-3-404. Authorization of grants

(a) If an applicant meets the requirements of § 15-3-403, the applicant shall be placed in one (1) of the following four (4) levels and be eligible for a grant for up to five (5) years: (1) (A) An eligible business with a payroll in excess of ten million dollars ($10,000,000) is eligible to receive […]

§ 15-3-405. Rules

(a) The Arkansas Economic Development Commission, through the promulgation of rules in accordance with the Arkansas Administrative Procedure Act, § 25-15-201 et seq., shall establish procedures consistent with this subchapter to carry out the intent of this legislation. (b) The commission shall establish by rule opportunities for assisting in the hiring of postdoctoral graduates in […]

§ 15-3-401. Legislative intent

It is the intent of the General Assembly: (1) To assist growing, technology-based enterprises by: (A) Attracting and retaining highly trained science and engineering postdoctoral graduates by encouraging the establishment of career opportunities within the State of Arkansas; (B) Providing scientific expertise to emerging technology-based enterprises by helping them hire postdoctoral graduates to address the […]