History of Arnold Economic Development
The Arnold community created Arnold Economic Development Corporation in 2002. A plan was developed of how Arnold would use the LB840 (Local Option Municipal Economic Development Act) sales tax of 1% if passed in 2006. The plan and the 1% sales tax were passed by 90 percent!
One of the first projects was to create the Arnold website which has over 100,000 hits per year! Also, an Economic Development Corporation director position and office were developed. Many local businesses have used the loan and grant program to increase their businesses. Advertising, education, and marketing are other resources available to Arnold businesses.