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Garland
County
– the only single county MSA in the MLRA
– is located just Southwest of
Little Rock
on the edge of the
Ouachita Mountains
. The
Hot Springs MSA designation was grated to
the County in 2003.
Hot
Springs
is the county seat and offers residents
everything from Resort Status to High Tech
Business Appeal.
Hot Springs
is surrounded by
beautiful lakes and forests in the heart of
the nation,
Hot Springs
’ exquisite natural beauty, historical,
cultural, recreational and family
attractions make it a favorite vacation
destination all year long.
Employment
in
Hot Springs
has recovered well from the 2001 recession,
growing at a solid annual rate of 2.5
percent since March 2002.
Hot Springs
has outperformed its neighbors, thanks to
especially solid job increases in
professional and business services (27
percent) and leisure and hospitality (25
percent).
Hot
Springs
was recently, for the first time, ranked on
the Milken Institute’s Best Performing
Cities Index as the No. 69 best performing
small city, based on economic performance
and the ability to create, as well as, keep
the greatest number of jobs in the nation.
Kiplinger’s
Letter recently spotlighted
Hot Springs
as being one of nine American cities that
offer an “attractive pool of young talent
for employers looking for college graduates
to hire.”
The article states, “Young adults
are shunning metropolitan areas for quieter
towns and cities that offer cheaper housing,
easier commutes, good pay and less crime.”
Bizjournals.com
ranked
Hot Springs
as the “3rd Hottest Small City
Job Market in the
United States
.” The
Hot Springs MSA was also ranked as the 14th
fastest growing MSA in the
United States
based on new job growth over a year.
These are just some of the recent
national accolades that spotlight the strong
economic engine that exists in the Hot
Springs Metro Area.
Economic development is strong in
Hot Springs
. Companies
such as Stanley Associates, ACCENT
Marketing, Xerox, Weyerhaeuser, Alcoa,
Martin Marietta, Mountain Valley Spring,
Alliance Rubber,
and the Triumph Group all have strong
presences in the community.
More than $100 million in tourism,
manufacturing and technology projects have
been announced in the past three years.
The advantages of doing business in
Hot Springs
go far beyond the city's reputation for
scenic beauty and world-class amenities.
Designated an Arkansas Community of
Excellence by the Arkansas Department of
Economic Development,
Hot Springs
offers a bustling business environment with
a strong foundation of support services for
all types of companies. The Garland County
Economic Development Corporation, Greater
Hot Springs Chamber of Commerce, Small
Business Administration of Hot Springs, and
the
Arkansas
Small
Business
Development
Center
are all on hand to provide their expertise
to potential business owners.
An affordable answer for business and industry, the city's
lower cost of living also means lower
operational costs for businesses.
Hot Springs
offers a sizeable and growing work force and
a highly developed infrastructure.
The community is known for its solid,
progressive leadership and crystal clear
vision for the future.
Hot Springs offers a thriving business
environment with a strong foundation of
support services. To discuss your potential business expansion
of location to the area,
please contact:
Garland County Economic Development
Corporation
Dave Byerly, CEcD, President/CEO
501-624-6807
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