First as chairman of the Arkansas Industrial Development Commission and later as governor of the state from 1967–71, Winthrop Rockefeller succeeded in attracting substantial and diverse new industries to Arkansas. In 1979, Governor Bill Clinton formed the Department of Economic Development from the former Arkansas Industrial Development Commission for the purpose of stimulating the growth of small business and finding new export markets. The Arkansas Development Finance Authority was created in 1985 in order to support small-scale economic development of new businesses, mortgages, education, and health care. The Economic Development Commission offers such incentives to new businesses as an Enterprise Zone Program, income tax credit, sales and use tax refunds, amongst others. In 2003, the legislature passed the Consolidated Incentive Act which combined six previous economic development incentive programs into one package, plus added some additional incentives for investment and regional development. The six programs consolidated in the Act were the Enterprise Zone program (Advantage Arkansas), which provides incentives for investments in areas with high poverty and/or unemployment); the Economic Investment Tax Credit program (InvestArk Program); the Economic Development Incentives Act (CreateRebate); the Arkansas Economic Development Act (AEDA), which offers tax reductions for investments of at least $5 million dollars creating at least 100 new permanent jobs; plus incentive programs for improvements in energy technology and biotechnology. By the act, companies would be allowed to sell tax credits earned in order to realize the benefits earlier. The act seeks to promote regional development by rewarding counties which enter into binding compacts with each other to further economic development.