SmartAsset named Faulkner County in the state’s top 10 for investments in the economy based on business growth, gross domestic product (GDP) growth, new building permits and more.
With 76 new building permits, 3.4% business growth and $48 million in GDP growth, Faulkner County ranked seventh in Arkansas, which has 75 counties total.
“Investment in local economic expansion can produce significant improvements in quality of life for communities,” SmartAsset spokesman Steve Sabato said. “To help educate residents about these positive signs in their areas, financial technology company SmartAsset released a study on the counties receiving the greatest amount of investment in their local economies.
“Faulkner County ranked among the top places in Arkansas due to a strong showing in each of the factors considered including business growth, GDP (gross domestic product) growth, new building permits and federal funding.”
Researchers used data from the U.S. Census Bureau 2017 American Community Survey, Bureau of Economic Analysis (BEA), U.S. Census Bureau Building Permits Survey and USASpending.gov for the study.
Additional study details including the methodology and interactive map can be viewed at https://smartadvisormatch.com/data/places-with-the-most-incoming-investments/arkansas.