Primary Season State Profile: Arkansas

Published by Peter Lawrence on Thursday, March 3, 2016 - 12:00am

While six Fortune 500 companies are based in Arkansas, including Walmart, the three-year median household income from 2009-11 was $39,806, ranking the state 49th in the nation. In 2014, 19 percent of Arkansas nearly 5 million residents lived in poverty, including more than 300,000 children.

Politics

  • Presidential Primary: March 1, 2016
  • Number of delegates: 40 Republican/37 Democratic
  • Allocation method: Winner-take-most (Republican)/Proportional (Democratic)
  • 6 electoral votes
  • 2012 Results: Mitt Romney won Arkansas by 61 percent to 37 percent over President Obama.

Tax Credit Usage in Arkansas

In June 2015, the Arkansas Development Finance Authority approved $85 million in low-income housing tax credit (LIHTCs) for 19 affordable rental housing developments. Eleven of those were for new construction and eight were for rehabilitation of existing properties. In 2013, 91 percent of allocations in Arkansas went to developments in rural areas. To understand Arkansas’ LIHTC priorities, the state’s qualified allocation plan (QAP) is here.

Blog Graph Snapshot: LIHTC Properties and Poverty Rates in Arkansas
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The LIHTC, new markets tax credit (NMTC) and historic tax credit (HTC) have combined to assist in the addition of more than 40,000 jobs in Arkansas. For other impacts the credits have had in the state, see the table below.

Blog Graph LIHTC, NMTC and HTC Use in Arkansas
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Renewable Energy Landscape

Arkansas does not have installed wind energy, but there are four wind energy manufacturers in the state. There are currently 4 MW of solar energy installed in Arkansas, ranking the state 40th. Half of that solar capacity (2 MW) was installed in 2014.