Prescott officials accept Arkansas Site Development grant

LITTLE ROCK – Governor Sarah Huckabee Sanders this week joined the Arkansas Economic Development Commission (AEDC) to award 13 communities with $10 million through the Arkansas Site Development Program. This funding will be used to enhance industrial sites across Arkansas, increasing their readiness for job-creating economic development projects.

The communities receiving funds included the City of Prescott in the amount of $698,845

“The sky is the limit for Arkansas’ economy when our government and private sector work together to grow investment and jobs,” said Governor Sanders. “The Arkansas Site Development Program tells companies worldwide that Arkansas is open for business and will help each of the recipient communities attract new businesses.”

Eligible recipient locations are industrial sites of at least 30 contiguous acres of land, listed on the Arkansas Site Selection Database, and owned or optioned by the applicant.

“Ensuring that our communities have company-ready sites is critical for Arkansas’ economic success,” said Secretary of Commerce Hugh McDonald. “The Arkansas Site Development Program has been a model of collaboration between Governor Sanders, the Arkansas General Assembly, the Arkansas Department of Commerce, the Arkansas Economic Development Commission, and local stakeholders to build a program that will set a course for future success across our state.”

The funds can be used for a range of site development projects, including the extension and improvement of public infrastructure to the site; right of way acquisition; easement acquisition; soil borings and analysis; construction costs for site improvements, including drainage improvements, easement, dozer or dirt work, grading, site mitigation, and site rehabilitation; due diligence study costs; and other site development-related activities deemed necessary by AEDC to improve a site’s competitiveness.