§ 15-4-902 - Purposes. - Arkansas Statutes

15-4-902. Purposes.

The purposes of each development finance corporation organized under the provisions of this subchapter shall be to:

(1) Promote, stimulate, develop, and advance the business prosperity and economic welfare of the State of Arkansas and its citizens;

(2) Encourage and assist, through loans, investments, or other business transactions in the location of new business and industry in this state and rehabilitate and assist existing business and industry;

(3) Stimulate and assist in the expansion of all kinds of business activity which will tend to promote the business development and maintain the economic stability of this state;

(4) Provide maximum opportunities for employment, encourage thrift, and improve the standard of living of the citizens of this state;

(5) Cooperate and act in conjunction with other public or private organizations in the promotion and advancement of industrial, commercial, agricultural, and recreational development in this state; and

(6) Provide financing for the promotion, development, and conduct of all kinds of business activity in this state.