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“In a year when unemployment rates skyrocketed across the nation, Arkansas reached an unemployment rate of 10.2% before dropping back down to 4.4%, a full percentage point below the national average,” the governor wrote.

The commission also distributed $118 million in grants for broadband deployment resulting in 130,000 Arkansans gaining access to broadband and spent $2 million in grant funding for the Arkansas Accelerator Program in the past year, Hutchinson said.

Hutchinson said the commission, in the past year, signed 47 incentive agreements that yielded 2,242 new jobs with a proposed average hourly wage of $20.87 and a capital investment of $830.9 million. These competitive projects represent new payroll of $97.3 million and yield a positive cost-benefit analysis on the tax dollars spent, he said.

“Since 2015, the total number of competitive projects won is now over 524 bringing in more than $10.5 billion in new capital investment and more than 25,000 new jobs.”

Hutchinson wrote, “I would also be remiss if I did not recognize Secretary Preston’s extraordinary leadership in securing the new foreign F-35 and F-16 training mission at Ebbing Air National Guard base in Fort Smith (Ebbing).

“This was a highly competitive project that was bolstered by a commitment to extend the base’s runway by more than 1,000 feet,” he wrote.

“This major announcement will result in hundreds of jobs and more than $800 [million] in annual economic impact to the region,” the governor said. “Secretary Preston and AEDC’s Global Business and Military Affairs Team were instrumental in identifying incentives that ultimately led to Ebbing’s selection.”

As with last year, Hutchinson said he has worked closely with Preston.

“Throughout Secretary Preston’s tenure, I have been impressed with his professionalism, determination, focus, energy and character,” wrote in his letter to Vratsinas. “He has poured himself into Arkansas and has gone the extra mile every day to assure that our state is an economic engine for growth and increased opportunities for Arkansans.”

Before Preston started working at the development commission, he spent 6½ years as vice president of government relations for Enterprise Florida, the state’s primary economic development organization.

In April of this year, Sen. Trent Garner, R-El Dorado, told senators that he had lost confidence in Preston and Preston should be replaced.

Garner urged senators to vote against the Department of Commerce’s appropriation, which required a three-fourths vote for approval. In its fourth try, the Senate approved the appropriation. The House approved that appropriation on its second vote.

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At that time, Hutchinson said, “Mike Preston is one of the most successful economic developers in the nation, and Arkansas is fortunate to have him at the helm of the Department of Commerce.”

Garner’s call to replace Preston was made after Garner’s bill that would have barred the development commission from having an office in China failed to clear a House committee.

In the 2020 fiscal session, the Joint Budget Committee rejected Garner’s proposal to close the office after Preston said the department already planned to trim the office’s budget from $285,000 to $125,000 a year, starting in July 2020, and employ an American citizen as a liaison in China.

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