The Northwest Arkansas Council Announced which will begin offering $ 10,000 in BTC to tech professionals and entrepreneurs looking to relocate to the region.
This is part of the broader incentive offering from the non-profit organization, called “Bitcoin and a Bike,” which aims to grow the region’s tech sector.
Arkansas welcomes crypto industry with bitcoin and bikes
The effort makes Northwest Arkansas the first region in the country to offer crypto incentives to those looking to relocate. The Central American state has big plans this year, most of which are focused on growing its expanding blockchain sector.
Nelson Peacock, president and CEO of the Northwest Arkansas Council, said the region’s tech industry has been growing and the effort was designed to attract new talent to the rapidly developing state.
“Northwest Arkansas is one of the fastest growing regions in the country, and we are now seeing more explosive growth in our technology sector,” he said in a press release. “This expanded incentive offering, Bitcoin and a bicycle, not only embraces the growing trend towards using cryptocurrencies as a payment option by employers, but also helps grow our talent pool to benefit tech employers, startups, cities, local businesses, and the community. region in general ”.
And it’s not just blockchain experts the state wants to attract – the incentive is open to a diverse group of applicants looking to relocate. If approved, applicants will receive $ 10,000 in BTC and a bike to take advantage of the region’s bike trails.
The effort is part of the broader Life Works Here initiative, which aims to attract talent to the region. Since its launch in November 2020, the initiative has generated more than 35,000 applications in more than 115 countries and 50 US states from people eager to move to Northwest Arkansas.
The region is home to the University of Arkansas Blockchain Center of Excellence, one of the few academic centers focused on blockchain in the US.
“We are excited to see our region lead the way with Bitcoin and a bicycle to not only attract new talent but also to generate interest in the important blockchain-focused work taking place in our region,” said Mary Lacity, Director of the Blockchain Center of Excellence at the University of Arkansas.
The initiative was supported by Steuart Walton and Tom Walton, the grandsons of the founder of Walmart, the largest Arkansas-based company.
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