Power Electronics - Arkansas Economic Development Commission

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Nov 24, 2013 (3 years and 4 months ago)

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03.2011
Power Electronics
(Smart Grid Enabling Technologies)
Arkansas Gives You the Power
Southwest Power Pool, one of nine Regional Transmission
Organizations in the United States, is located in Little Rock
where it operates the power grid, serving as the equivalent
of “air traffic controllers” of the electric power grid.
From its Little Rock headquarters, the company manages
more than 66,000 megawatts of generating capacity,
with 847 generation plants and 6,079 substations in its
operating region.
Baldor Electric Company, also based in Arkansas, designs
and manufactures industrial electric motors, mechanical power
transmission products, drives, and generators. Arkansas
Power Electronics International, Inc., located in Fayetteville, is
a small power electronics research and development company
that specializes in high density power electronic solutions and
products. They were awarded a stimulus grant for research
into developing a high-capacity, high-speed charger for
batteries used in hybrid electric vehicles.
About Arkansas
Arkansas provides a workforce that is nearly 1.5 million strong
and projected to grow by four percent by 2015. More than 12
percent of the workforce hold jobs in manufacturing industries,
which means a trained workforce with transferable skills to
jobs with companies involved in power electronics or distributed
energy network systems.
The state is home to 21 four-year colleges and universities and
22 two-year public colleges. Nearly 50 percent of Arkansans
have an Associate’s, Bachelor’s or Graduate degree or have
attended some college.
The National Center for Reliable Electric Power Transmission,
part of the University of Arkansas College of Engineering,
conducts research and develops prototypes of advanced
power systems and provides an educated workforce for newly
emerging technologies of power utility, power electronics, and
energy storage devices. The University of Arkansas also offers
a Master’s of Science and Doctoral program in Microelectronics
Phototonics, which can also be a source of researchers and
employees for companies related to distributed energy network
systems and power electronics.
Along with an available workforce, Arkansas also offers an array
of competitive incentives, including three special programs for
“targeted businesses,” which may include certain companies in
power electronics. These incentives include:
• A refund of sales and use taxes paid on the purchase of
building materials, machinery, and equipment associated
with the approved project.
• A transferable income tax credit equal to 10 percent
of payroll for up to five years.
• A transferable income tax credit equal to 33 percent
of eligible research and development expenditures.
Fast Fact:
The National Center for Reliable
Electric Power Transmission
can provide a source of students
trained in newly emerging
technologies of the power utility.
Arkansas Economi c Devel opment Commi ssi on > arkansasedc.com > 1.800.Arkansas
A number of other incentives are available to projects that
are not eligible for the targeted business incentives. These
include income tax credits, sales and use tax credits and
refunds, payroll rebates and possible cash grants for new
and expanding companies.
In addition to competitive incentives, Arkansas’s economy is
strong and offers excellent opportunities for companies to grow
and succeed in the state. It is one of four states in the U.S. to
enter fiscal year 2011 without official debt. The state’s business
climate and incentives also offer power electronics companies
opportunities to operate very successfully. In the CNBC Top
States for Business 2010, Arkansas ranked second best for
cost of doing business and third best for cost of living.
Arkansas is centrally located, with an extensive intermodal
transportation infrastructure to provide companies with ready
access to markets around the world. Interstate 40 is a major
east-west thoroughfare reaching from North Carolina to
California that runs through Arkansas. Interstate 55 links eastern
Arkansas to St. Louis and Chicago to the north and New
Orleans to the south, while Interstate 30 connects Arkansas
with markets to the southwest, including Texas and Mexico.
Arkansas has major commercial airports located in Central and
Northwest Arkansas. Commercial passenger service is also
available at six regional airports throughout the state.
Arkansas’s railroad infrastructure includes three Class I
systems: Union Pacific, BNSF Railway, and Kansas City
Southern Railway. Union Pacific operates major yards in Little
Rock and Pine Bluff, along with a locomotive repair facility in
North Little Rock. In addition, the state has 22 smaller railroads
operating over its more than 2,700 miles of track. The state
offers water transportation along the Arkansas River, with ports
in Little Rock, North Little Rock, Pine Bluff, and Fort Smith,
in addition to Mississippi River terminals in Osceola, West
Memphis, and McGehee.
Arkansas also offers office and laboratory space for technology-
based companies at the Arkansas Research and Technology
Park in Fayetteville. The park includes the Enterprise Center, the
Innovation Center, the Genesis Technology Incubator, the High
Density Electronics Center, the Engineering Research Center,
and the National Center for Reliable Power Transmission.
In addition to office and laboratory space, Arkansas has more
than 250 available buildings which range from 10,000 to 1.4
million square feet.
The state of Arkansas offers an array of competitive
incentives, including income tax credits, sales and use tax
credits and refunds, and payroll rebates and cash grants
for new and expanding companies.
Power Electronics (Smart Grid Enabling Technologies)
Arkansas is
in the U.S. to enter fiscal year 2011
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Fast Fact:
Arkansas Economi c Devel opment Commi ssi on > arkansasedc.com > 1.800.Arkansas