§ 15-3-403 - Eligibility for grants. - Arkansas Statutes

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 average hourly wage, whichever is less;

(3) Agree to hire a postdoctoral graduate; and

(4) Provide proof that the postdoctoral graduate is an Arkansas taxpayer and a resident of the State of Arkansas.