Ep. 68 - Issue 3 Explained: Unlocking Local Economic Growth with Cliff McKinney
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Ep. 68 - Issue 3 Explained: Unlocking Local Economic Growth with Cliff McKinney
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Outdated state laws are actively stopping new developments from coming to Arkansas. Commercial real estate attorney Cliff McKinney joins the show to explain how Issue 3 modernizes state economic development policy.
Arkansas remains bound by constitutional restrictions from 1874 that prevent local communities from matching economic incentives offered by neighboring states. Passing Issue 3 grants cities local control to establish special districts, fund public infrastructure, and capture incremental tax growth through bonds or rebate programs without raising taxes on residents.
For civic leaders and developers navigating project financing, this conversation offers a practical guide to local economic tools. Subscribe and share this episode with a colleague following state ballot measures. What economic improvements would you like to see in your local community?