Incentives

The Magnolia Economic Development Corporation works with business prospects to identify and package local, state and/or federal programs that use aggressive business incentives to make projects financially viable. These innovative programs and incentives help develop thriving businesses, support job creation and foster a vibrant economy in the Magnolia, Arkansas region.

To learn more about our flexible local incentives that can be tailored to a company’s needs, please or read the Magnolia Economic Development Corporation Incentive Policy here.

The Arkansas Economic Development Commission is also able to provide financial support through an array of financial assistance and tax credit programs. To learn about the latest incentives offered, please visit their website.

Taxes

Sales Taxes:

• State: 6.00 cents/dollar
• County: 1.5 cents/dollar
• City: 2.125 cents/dollar

Current Millage Rate:

• Average Property Tax Millage Rate in Columbia County: 44.22 mills*

*  Data obtained from the Arkansas Assessment Coordination Department