TO CREATE THE TALENT RECRUITMENT GRANT PROGRAM; AND TO PROVIDE INCENTIVES FOR INDIVIDUALS TO RELOCATE TO THE STATE.

HB 1802 creates a state-funded Talent Recruitment Grant Program to incentivize individuals to relocate to Arkansas. The program provides grants to municipalities and qualifying nonprofits (e.g., for economic development) to offer relocation incentives to individuals who either hold remote jobs paying at least $55,000 annually or accept full-time in-state employment. Grants up to $500,000 per applicant require recipients to cover 20% of program costs and meet 50% of their target relocation goals before receiving final payment. Recipients must report quarterly on participant income, tax impacts, and economic outcomes to ensure accountability.