Arkansas Business http://ualrpublicradio.org en Osceola Sets Meeting On Big River Steel Bonds http://ualrpublicradio.org/post/osceola-sets-meeting-big-river-steel-bonds <p style="margin-bottom: 0in">The Osceola City Council has scheduled a meeting to discuss issuing $1.5 billion of economic development bonds for the Big River Steel mill.</p><p style="margin-bottom: 0in"><span style="line-height: 1.5;">Mayor Dickie Kennemore says the council will meet May 5 to discuss issuing $1.5 billion in Act 9 bonds for the project. Kennemore tells The Jonesboro Sun that the city would not be liable in any way for the bonds.</span></p> Thu, 24 Apr 2014 14:02:00 +0000 Associated Press 22260 at http://ualrpublicradio.org Air Force Awards Arkansas Company $3.5 Million Contract http://ualrpublicradio.org/post/air-force-awards-arkansas-company-35-million-contract <p>An electronics company in Fayetteville is being awarded a $3.5 million contract from the U.S. Air Force to develop a power module for fighter jets.</p><p>Arkansas Power Electronics International is to build a high-temperature, silicon carbide power module for the F-35 Joint Strike Fighter. &nbsp;</p><p>Lauren Kegley, business development engineer with Arkansas Power Electronics International, said the company was chosen because it specializes in advanced electronics for a variety of customers in the defense, aerospace, and electric vehicle industries.</p> Wed, 23 Apr 2014 18:22:49 +0000 Kezia Nanda 22222 at http://ualrpublicradio.org Air Force Awards Arkansas Company $3.5 Million Contract Gov. Beebe To Join In Ceremony For Block Grants http://ualrpublicradio.org/post/gov-beebe-join-ceremony-block-grants <p style="margin-bottom: 0in"><font size="4">Governor Mike Beebe is to join Arkansas Economic Development Commission officials and local leaders to celebrate the 40th Anniversary of the Community Development Block Grant program. </font></p><p style="margin-bottom: 0in"><span style="font-size: large; line-height: 1.5;">The program was created by Congress in 1974 and has since provided more than $700 million to Arkansas communities for projects such as community centers, street repair, wastewater systems, local museums, homeless shelters, childcare facilities and libraries.</span></p> Mon, 21 Apr 2014 14:03:15 +0000 Associated Press 22084 at http://ualrpublicradio.org Shoe Company Laying Off 56 In Hot Springs http://ualrpublicradio.org/post/shoe-company-laying-56-hot-springs <p style="margin-bottom: 0in">A shoe company says more than half its workforce at a Hot Springs manufacturing facility will be laid off, leaving 56 people out of work.</p><p style="margin-bottom: 0in"><span style="line-height: 1.5;">Munro &amp; Co. says the first round of layoffs will happen in June with a second round occurring in July. The company produces the Munro American line of women's footwear and also imports shoes.</span></p><p style="margin-bottom: 0in"><span style="line-height: 1.5;">Last year, Munro &amp; Co. closed its Mount Ida facility, putting 85 people out of work.</span></p> Fri, 18 Apr 2014 14:02:51 +0000 Associated Press 21971 at http://ualrpublicradio.org Historic Building In Downtown Little Rock To Become Hotel http://ualrpublicradio.org/post/historic-building-downtown-little-rock-become-hotel <p>The Chi family of Little Rock is announcing it will turn the century-old Boyle Building at the corner of Main Street and Capitol Avenue into an Aloft Hotel.</p><p>The family already owns two hotels and several restaurants in Little Rock.</p><p>David Robinson, one of the partners for Main Street Lofts who until recently was the owner of Boyle Building, said the Chi Hotel Group purchased the building for $4.6 million.</p> Tue, 15 Apr 2014 18:34:51 +0000 Kezia Nanda 21844 at http://ualrpublicradio.org Historic Building In Downtown Little Rock To Become Hotel Ethics Complaint Dismissed Against Arkansas Securities Commissioner http://ualrpublicradio.org/post/ethics-complaint-dismissed-against-arkansas-securities-commissioner <p></p><p></p><p>Arkansas Securities Commissioner Heath Abshure has been cleared of any ethical violations after a complaint was filed by Little Rock-based investment firm Stephens Incorporated.</p><p>But now the company’s top lawyer says there ought to be a law against what the commissioner did.</p><p>Arkansas Business Editor Gwen Moritz has been following the ongoing allegations being fired back and forth between the Abshure and Stephens.</p> Wed, 26 Mar 2014 22:33:52 +0000 Michael Hibblen 20910 at http://ualrpublicradio.org Ethics Complaint Dismissed Against Arkansas Securities Commissioner Power Transmission Operator Breaks Ground For Little Rock Facility http://ualrpublicradio.org/post/power-transmission-operator-breaks-ground-little-rock-facility <p></p><p></p><p>A company that will manage operations of Entergy Arkansas’s power grid, broke ground on a new facility in Little Rock Friday. The Midcontinent Independent System Operator or MISO, is establishing a regional headquarters that it says will employ 50 people at average salaries of 85,000 dollars a year.</p><p>Local elected officials and company representatives gathered in the middle of a dusty construction site in West Little Rock to move dirt with golden shovels and give a ceremonial blessing to the arrival MISO’s new facility in Arkansas</p> Fri, 14 Mar 2014 20:16:16 +0000 Chris Hickey 20296 at http://ualrpublicradio.org Power Transmission Operator Breaks Ground For Little Rock Facility Third And Likely Final Round Of Layoffs Begins At Acxiom http://ualrpublicradio.org/post/third-and-likely-final-round-layoffs-begins-acxiom <p></p><p>A third, and likely final, wave of layoffs at Little Rock-based Acxiom Corp. began on Wednesday as the database marketer continued its push to realign its workforce to meet changing industry demands.</p><p>Acxiom indicated in November 2013 it would cut its overall labor force by March in an effort to save $20-$30 million annually.</p> Wed, 26 Feb 2014 20:31:10 +0000 Roby Brock 19559 at http://ualrpublicradio.org Third And Likely Final Round Of Layoffs Begins At Acxiom Valentine's Day Helps Restaurants During A Slow Period http://ualrpublicradio.org/post/valentines-day-helps-restaurants-during-slow-period <p>Restaurants, along with jewelers, candy companies and florists all look forward to Valentine’s Day.</p><p>One restaurateur says it and New Year’s Eve are typically the busiest days of the year.</p><p>“Valentine’s is a very important holiday for us, and I’m sure it is for a lot of other places in the restaurant business, especially fine dining places. This is the time of year when it slows down and it’s slower through March. &nbsp;Our sales are down and this gives us a boost to get us over the hump,” said Brent Peterson, co-owner of Trio’s Restaurant in Little Rock.</p> Thu, 13 Feb 2014 20:42:12 +0000 Kezia Nanda 18965 at http://ualrpublicradio.org Valentine's Day Helps Restaurants During A Slow Period New Report Shows Home Sales Are Up In Arkansas http://ualrpublicradio.org/post/new-report-shows-home-sales-are-arkansas <p style="margin-bottom: 0in"><span style="font-size: large; font-family: Calibri, sans-serif; line-height: 1.5;">The number of homes sold in Arkansas is up. A report out </span>Wednesday<span style="font-size: large; font-family: Calibri, sans-serif; line-height: 1.5;">&nbsp;from the Arkansas Realtors Association says home sales are up by 17%, as compared with the same time last year.</span></p> Wed, 29 Jan 2014 22:09:26 +0000 Maggie Carroll 18198 at http://ualrpublicradio.org