Arkansas Business

The Arlington Hotel
www.arlingtonhotel.com

A group from Little Rock is acquiring the Arlington Hotel in Hot Springs for an undisclosed amount of money.

The Hot Springs Sentinel-Record newspaper reported Monday that Sky Capital Group LP is buying the state's largest hotel from Southwest Hotels Inc., which has operated the hotel since 1954.

The Arlington Hotel has 478 rooms, along with a spa, a bathhouse, a convention center, ballroom and lobby bar. Sky Capital also operates the Four Points Sheraton in Little Rock.

Low unemployment, affordable housing, strong healthcare access and below-average poverty rates are the positives in the Little Rock Metropolitan area. Some negatives: a high crime rate, fewer professional and technical jobs than other cities, low employment specialization, and slow growth in the ratio of large to small businesses. That’s according to the University of Arkansas at Little Rock Arkansas Economic Development Institute’s fourth annual Little Rock Metro Report Card, released Thursday.

Flooding Black River Pocahontas
KATV, Channel 7 News

New facilities are being opened to provide assistance for people and businesses impacted by the destructive storms that hit parts of Arkansas in the spring. Centers opened last week in Fayetteville, Conway, Pocahontas, and Walnut Ridge to serve people from 16 counties who are eligible for government aid.

Daniel Green with the Federal Emergency Management Agency works with victims of the storms to expedite the process of receiving loans and other government aid.

Governor Asa Hutchinson AEDC Mike Preston
Michael Hibblen / KUAR News

Gov. Asa Hutchinson and economic development officials are planning a week-long trip to France, Germany, and Israel to invite new foreign businesses to Arkansas and bolster economic relationships with international businesses already in the state. 

The Trump administration announced Monday it has reached agreement with China on final details of a protocol to allow U.S. companies to ship beef exports to China, a move Gov. Asa Hutchinson and the state’s two U.S. senators say will benefit Arkansas and American beef markets.

David Monteith / KUAR

Wal-Mart unveiled new signs at its stores promoting its “Arkansas Grown” program Monday.

Company officials say the marketing strategy is part of the Arkansas-based retailer’s commitment to purchase an additional $250 billion worth of products assembled, made, or grown in the U.S. by 2023.

Michael Hensley, a tomato farmer from Bradley county, Arkansas, said his farm’s 15-year relationship with Wal-Mart has given him peace of mind.

Amazon is attempting to lure low-income shoppers from Walmart by offering a discount on its pay-by-month Prime membership for people who receive government assistance.

The giant online retailer said in a statement Tuesday that people who have a valid electronic benefits transfer card — used for programs such as the Supplemental Nutrition Assistance Programs, or food stamps — will pay $5.99 per month for a year. Amazon is offering a 30-day free trial for qualifying customers.

Caddo River Forest Products sawmill Glenwood
Arkansas Business

A ceremony Thursday afternoon will mark the reopening of a sawmill in the southwest Arkansas city of Glenwood.

Caddo River Forest Products announced a year ago it would invest $50 million in the facility, which had been impacted by the economic recession and ultimately closed in 2010.

Gov. Asa Hutchinson, U.S. Rep. Bruce Westerman and other officials are expected to speak during the 3 p.m. event. The company says 130 jobs will be created at the sawmill, along with 300 indirect jobs.

Each month, Arkansas Works, the state’s Medicaid expansion program which provides health coverage for low income residents, refers new and renewed enrollees in the program to the Department of Workforce Services. The Arkansas Department of Human Services issued a report Monday on the number of enrollees referred to employment services this year. 

In the first quarter of the year 144,716 referrals were made. According to the report from DHS, the number of people actually acting on those referrals rose from 628 in January to 2,792 in April.

The Arkansas unemployment rate dropped to another record low for the month of April, to 3.5 percent. That’s a tenth of a percentage point drop from March. The Arkansas Department of Workforce Services reports it is the fourth month in a row the unemployment rate has dropped in the state.

In April of last year, the state unemployment rate was 4.1 percent. The latest 3.5 percent figure comes as the state’s seasonally adjusted civilian labor force also increased for the month, totaling 1,347,934 people. The unemployed totaled 47,697 in April, according to the DWS.

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