SB24 Summary

• Appropriates $4,026,138 for Department of Commerce Shared Services, including $2,542,902 for regular salaries (35 employees) and $1,454,236 for operating expenses, conference, travel, and professional fees for fiscal year 2024-2025.

• Appropriates $2,529,054 for Office of Skills Development administration and operations, including $1,611,456 for apprenticeship programs and $572,887 for regular salaries (13 employees).

• Appropriates $23,505,141 for Office of Skills Development grants including $15,000,000 for industry training program, $4,500,000 for workforce development grants, and $3,500,000 for workforce improvement grants.

• Appropriates $13,474,350 for Arkansas Economic Development Commission state operations including $4,348,130 for regular salaries (85 employees), plus various grant programs totaling $3,341,888.

• Establishes major economic development and incentive programs with appropriations including $100,000,000 for Acceleration Grants & Incentives, $200,000,000 for Super Projects, $75,000,000 for Quick Action Closing Fund, and $57,130,312 for Community Development Block Grants (CDBG).