Why yes on 3?
All surrounding states have economic development tools that Arkansas does not have to bring in new jobs and investments. Yes on 3 eliminates this unfair advantage and gives Arkansans the tools we deserve to fairly compete against other states for new jobs and outside investments.
Yes on 3 allows local communities the power to decide how to invest in their own community and to grow their local economy.
From fixing up downtowns and helping small businesses to attracting new grocery stores and medical care buildings, the amendment gives small towns the tools they need to thrive.
Yes on 3 does not raise taxes or impact existing revenue. It utilizes new revenue generated by economic growth to fund investments in things like roads, new jobs, safer neighborhoods, and housing.
Yes on 3 ensures local control, transparency and oversight by requiring public hearings, audits, and public reports to disclose where money is being spent.
Yes on 3 empowers Arkansas communities with the same tools neighboring states are already using against us to compete for new economic development and community revitalization.
It allows local Arkansans to decide for themselves what their community needs most and to create Economic Development Districts designed to achieve our goals without raising taxes.
Whether it is better roads, more housing, a new grocery store, or closer medical services and added jobs, Yes on 3 gives local Arkansas communities the fair shot they deserve to enhance our cities and towns, grow our local economies, and improve our quality of life.
What is an Economic Development District?
It is a tool that allows Arkansans to designate specific areas within their own community for economic development that makes the most sense for their own local needs.
Issue 3 allows communities to create Economic Development Districts to offer financial incentives designed to spark specific development chosen by a community. Examples of Economic Development Districts being utilized may include to build better roads and infrastructure, more housing, closer access to medical care facilities, grocery stores, or to revitalize blighted areas and town centers.
These incentives are offered without raising taxes and communities maintain full control and oversight with mandated public transparency.
Yes on 3 levels the playing field by empowering Arkansans to better compete for new economic development with the same tools already used by all surrounding states and across the country. Forty-eight other states utilize these tools. Arkansas does not have them. This changes that.
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