State Quick Facts
The Natural State
Gross State Product:
Total Nonfarm Employment:
Asa Hutchinson (R)
John Boozman (R),
Support For Local Business
Representative Bruce Westerman (R-AR-4) “Our current tax code is too complex and discourages entrepreneurship. In order to put Americans back to work and grow our economy, we must have a tax code built for growth. Our tax code must be simpler, fairer, and flatter while closing loopholes, and helping businesses grow and employ Americans.”
(Representative Bruce Westerman, ““We Must Have a Tax Code Built For Growth,” Westerman says” westerman.house.gov. 6/24/16)
Asa Hutchinson (R) “From the Industrial Revolution to the Information Age, small businesses have powered the American economy and creates so much of our prosperity.”
(Arkansas Governor Asa Hutchinson, “State of Arkansas Executive Department Proclamation” governor.arkansas.gov/. 2/2/17)
Arkansas’ 244,977 small businesses represent 99.3% of all employers in the state and employ 481,170 workers.
Women-owned businesses make up 75,900 of Arkansas businesses.
Veteran-owned businesses make up 25,900 of Arkansas businesses.
Arkansas businesses have an annual payroll of more than $35 billion.
A total of 49,387 small businesses, which operate internationally, competing in global markets on a daily basis for inputs, capital, and customers, export from Arkansas.
Arkansas exports reached an estimated $5.7 billion in 2016, with products and services going to over 170 countries.
Seven Fortune 500 companies are headquartered in the Natural State.