This week on Talk Business Arkansas: The 2014 election season is set; The "private option" is signed again into law; Senator Mark Pryor and Congressman Tom Cotton's campaigns get testy over the military.
State and local government entities are contributing millions to a major investment in northeast Arkansas expected to generate more than 1,000 jobs. Plans for a $165 million industrial poultry operation with new facilities in Randolph and Clay counties were detailed Monday in front of a room full of onlookers. Governor Mike Beebe was joined by the CEO of Peco Foods, Mark Hickman.
Pulaski County voters will get to decide whether to allow a 1.9-mill property tax increase in a special election to provide additional funding for Pulaski Technical College. The two year college is seeking to create a tax district to generate approximately 11 million dollars in annual revenue.
The special election will be held Tuesday. The 1.9 mill increase would amount to about 38 dollars per 100,000 dollars of a property's assessed value.
The Fort Chaffee Redevelopment Authority has reclassified 200 acres of land donated to a planned medical school near Fort Smith.
The action changes permitted use of the land from mixed commercial and residential to institutional and clears the way for building permits.
The Fort Smith Regional Healthcare Foundation announced plans in February for what it calls the Arkansas College of Osteopathic Medicine. The foundation's board of directors committed $58 million to the project and the Redevelopment Authority donated the land.
The trial of a former University of Central Arkansas chief of staff charged in the theft of tests is scheduled to start.
The trial for Jack Gillean is to begin with opening statements Monday in Van Buren County Circuit Court in Clinton after being moved there from Faulkner County because of pretrial publicity. A jury of seven men and five women plus two alternates was seated last week.
Gillean has pleaded not guilty.
Prosecutors say Gillean gave a UCA student a master key - knowing that the student would use it to steal tests from the offices of professors.
The Arkansas Business Report for Mon., March 10: Bank of the Ozarks completes its acquisition of BancShares Inc. of Houston Texas; JB Hunt gets S&P BBB+ rating; Fortune Magazine calls Tyson Foods one of America's most admired companies.