We believe it takes the partnership of the entire community to move Fayetteville’s economic engine forward. Our city has great things ahead - and we’d love for you to be a part of them!
Fayetteville First Economic Development Plan
The Fayetteville First Plan, adopted in 2016, sets out seven strategic focuses, which provide the city with a guide to strengthen the city’s impact on the Northwest Arkansas Economy and foster economic vitality across the city and the region. Click here to view the Fayetteville First Plan.
Arts and Culture
Fayetteville has a longstanding history of fostering and developing arts and culture. The Walton Arts Center, which recently completed a $23 million expansion, is considered the premiere performing arts center in Arkansas. Recognized in 2011 as one of the nation’s 10 most promising emerging theaters, TheatreSquared is a year-round professional theatre, in the final stages of completing a new $25 million facility to open in 2019, just a few blocks away. To maximize the cultural and economic impact of these assets, Fayetteville is also advancing plans to develop a Cultural Arts Corridor through the heart of the city, which will tie these and other natural and cultural attractions together, make the City more walkable, and encourage economic growth downtown.
Attracting and Retaining a Skilled Workforce
During 2018 and 2019, the City is working with stakeholders and the general public to create a Workforce Development Plan that will identify strategies, goals, and recommendations for the improvement of Fayetteville's workforce. Workforce development is an interconnected set of solutions to meet employment needs: it prepares individuals with needed skills, emphasizes the value of workplace learning, and addresses the hiring demands of employers from the outset. It serves two functions: enables individuals to acquire knowledge, hard skills, and soft skills for gainful employment; and provides employers with an effective means to communicate and meet their skill requirements.
Quality of Life
The presence of the University of Arkansas, its beautiful natural surroundings, commitment to sustainable living, and affordable cost of living makes Fayetteville a prime location for workers of all ages and stages of life to put down roots, establish and maintain work-life balance, and enjoy a range of cultural and environmental activities, from kayaking to artmaking to live music and fine dining. The city was named the third best place to live in the US by US News & World Report in March of 2016.
A Commitment to Sustainability
Fayetteville is a trailblazer in citywide sustainability and conservation initiatives. As Arkansas’ only community to receive recognition as a 3-Star Community, Fayetteville was also the first city in the state to establish a Property Assessed Clean Energy (PACE) Improvement District in 2015. The city has also been designated a Silver Bicycle Friendly Community by the League of American Bicyclists and continues to develop infrastructure to support additional sustainability initiatives, including solar energy, additional walking and biking trails, and a commitment to maintaining and preserving the urban forest.
The City established an Energy Action Plan in early 2018. The plan outlines steps to mitigate and adapt to the changing climate while achieving better resource efficiency. The City’s Recycling Master Plan sets a target goal of 40% waste diversion from landfills by 2017, and convert all City facilities to 100% clean energy by 2030. Click here to view the City’s Sustainability Report Card.
Innovation and Technology
Home to a burgeoning startup community, the city was ranked as the third best place in the nation for startup businesses outside of Silicon Valley and New York in 2015 by Datafox. With other assets such as the Arkansas Research Technology Park, and entrepreneurial support provided through firms such as Startup Junkie and the Northwest Arkansas Innovation Hub, Fayetteville is prime to become the preeminent location for startup companies.
Improving Digital Access
In 2018, the City embarked upon a process to assess existing access to digital services and programs across all sectors of the city in order to develop a Digital Inclusion Plan for furthering digital equity in Fayetteville for all residents. The City has implemented public Wi-Fi networks in several city parks, as well as the downtown square.
A Welcoming City
In 2017, Fayetteville committed to support integration and inclusion of new Americans by establishing the Welcoming Fayetteville Plan. This plan lays out 25 recommendations for action toward becoming a more inclusive and integrated community. Among these are the City’s Immigrant Welcoming Hub, a virtual one-stop shop for information, services, and resources for foreign-born residents.