Local leaders gathered Wednesday at the Jonesboro Regional Chamber of Commerce to discuss the possible effects of Issue 3, a proposed amendment to the Arkansas Constitution aimed at bolstering economic development.
If approved by voters in November 2026, the measure would allow cities, counties, and regional partnerships to create special districts dedicated to economic development. These districts could provide loans and grants, issue bonds, and offer tax exemptions to attract business investment and create jobs.
Cliff McKinney, a commercial real estate attorney and the event's featured speaker, outlined what the amendment might mean for Arkansas, particularly in competition with neighboring states. According to McKinney, Issue 3 would give local governments tools to attract employers in ways other states, such as Texas, have already been doing since 1989.
“A once-in-a-generation chance to improve our economy, to change the way we’ve been for decades, to give us the same tools that all of our neighboring states already have had,” McKinney said, emphasizing how the measure might promote better housing, restaurants, and investment opportunities in Arkansas.
Addressing voters who may remain undecided, McKinney encouraged them to seek additional information about the measure. He noted that the proposal was the result of a collaborative process that began more than three years ago. “This was a very thoughtful process. We started this over three years ago. It was all done by a group of volunteers,” McKinney said.
Issue 3 will appear on the November 2026 statewide ballot.