AR SB37

Appropriates $6,802,564 to Department of Commerce Shared Services for 59 regular employees, including $4,400,000 for regular salaries and $1,502,564 for personal services matching

Allocates $75,000,000 for Quick Action Closing Fund grants to attract new businesses and $37,500,000 for payroll rebate incentives to companies locating or expanding facilities in Arkansas

Provides $56,516,042 in federal Community Development Block Grant (CDBG) funds, including $48,261,988 for grants and $8,933,441 for disaster recovery addressing infrastructure, housing, and economic revitalization

Funds Arkansas Economic Development Commission state operations at $12,982,945, including $1,714,800 for industry training programs, $900,000 for global business initiatives, and $750,000 for military affairs grants

Appropriates $13,683,337 for Division of Science and Technology programs, including $11,600,000 for Arkansas Acceleration Fund and $5,000,000 for acceleration grants to support technology and knowledge-based economic development