Economic Development
Economic Development

Conference Center

Artist's rendering of El Dorado's new Conference Center

By locating your business in El Dorado, one of Arkansas' most vibrant economies, it puts you in the center of a thriving manufacturing and business community.

El Dorado is home to petroleum leader, Murphy Oil Corporation, and other Fortune 500 companies. Deltic Timber and Anthony Forest Products located here because of close proximity to raw materials and affordability of energy and skilled labor. The city's unique strengths in the oil and timber industries continue to help our economy grow and diversify.

 
Labor Force

Arkansas' workers have a traditional rural heritage that includes the classic American belief in giving a full day's work for a day's pay. Our local workforce is 31% manufacturing compared to the U.S. average of 19%.  You'll find the motivated, hardworking people of El Dorado very productive.

Unemployment Comparison by Year
(opens .pdf document in a new window) 

Workforce Training in El Dorado

In keeping with its mission to "prepare the current and future workforce," South Arkansas Community College is committed to workforce development by offering courses and programs that parallel the needs of regional employers. With two campuses in El Dorado, SouthArk attracts students from across south Arkansas and north Louisiana, proving that college doesn’t have to be far away and expensive to fulfill another part of its mission: to provide "excellence in service, teaching and learning."

The Workforce Development Center at South Arkansas Community College serves as a link between the college and area businesses, industries, and government agencies. Customized training is developed in response to a specific demand by local business and industry. The center is able to deliver training whenever and wherever it best meets the client's needs.

One of the best higher education options in Arkansas, SouthArk offers both transfer and occupational curricula at below average costs for public higher education; this allows most students either to continue working or find employment while pursuing advanced training locally.

General education course work is readily transferable, enabling many students to continue with baccalaureate studies at neighboring four-year institutions. In addition, the College offers certification in the following areas: Microsoft Certified Systems Engineer (MCSE); Microsoft Certified Solution Developer (MCSD): Microsoft Certified Database Administrator (MCDBA); Cisco Certified Network Administrator (CCNA); Microsoft Office User Specialist (MOUS); A+ Certification, Network + Certification; and Leviton Cabling Certification.

For full employment statistics please visit:
www.discoverarkansas.net

 
TIP Strategies

TIP Strategies Plan   

Recognizing the challenges facing El Dorado and Union County, the El Dorado Chamber of Commerce and the Union County Industrial Board, hired TIP Strategies—an Austin, Texas, based economic development consulting firm—to assist in crafting a response. The findings and recommendations outlined in this Economic Development Strategic Plan should serve as a framework for guiding future economic development efforts in Union County.

While the challenges facing Union County are real, so are the opportunities. TIP Strategies (TIP) believes El Dorado, and surrounding Union County, have the potential to develop into the regional center for South Arkansas. The vision, goals, strategies, and actions outlined in this plan, if fully implemented, will go far in repositioning the El Dorado and Union County as the regional center for South Arkansas, setting it on a course for long-term economic growth and vitality.

The recommendations outlined in this plan are based on TIP’s experience working in communities throughout the country and applying our knowledge of economic development best practices to Union County’s unique situation. Our experience in economic development planning is complemented by efforts to understand the area’s challenges and opportunities through the following activities:

A review of existing economic and demographic data, including population growth, educational attainment levels, occupational information, employment growth, major employers, and other relevant statistics for Union County,

Tours of El Dorado and Union County sites to better understand its economic development product from a real estate standpoint,

Interviews with area stakeholders, including face-to-face interviews with business and community leaders,

Community feedback through an online questionnaire, and

Focus group meetings and workshops to establish priorities for appropriate goals and strategies.

 

 
Marketing Blueprint

Promoting El Dorado's Promise: A Marketing Blueprint 

Development Counsellors International (DCI), a New York-based firm that specializes in economic evelopment marketing and has worked for more than 400 places around the world since 1960, was contracted in January 2008 by The El Dorado Marketing Task Force (EMTF). The charge was to identify El Dorado’s brand promise, and prepare a Marketing Blueprint that would ensure this brand promise was effectively delivered to each target audience in an effort to encourage population growth in El Dorado.

While this marketing platform will provide El Dorado with a forum to educate target families (including retirees) and business executives about the benefits of relocating to El Dorado, the ultimate measurement of success will come in the form of the 2010 census, when figures will clearly showcase if the program is successful in stimulating population growth.

 

DCI Reports:
 
Demographics

General Demographic Statistics:

Commercial Information:

The documents listed on this page require Adobe Reader.  You may download it for free here.

Tax Information

Sales Tax:
State: 6.000
Local: 3.250
 
City Millage: 45.5 Mills
City Assessment Ratio: 20%
 
State Corporate Income Tax: 6.5%

Entergy Arkansas
Entery Arkansas