Arkansas Business

Local & Regional News
2:42 pm
Wed June 4, 2014

Arkansas Tourism Officials Marketing The State To Motorcyclists

Credit arkansas.com

The ultimate biker song could serve as a marketing campaign for a new push from state tourism officials, reports Talk Business & Politics.

In the last two years, Arkansas has begun marketing its scenic highways to motorcyclists who are far from the drifter image painted in cult classic films like “Easy Rider.” We’re not talking Hell’s Angels, says Arkansas Tourism director Joe David Rice.

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Local & Regional News
1:35 pm
Mon June 2, 2014

Corporation To Build New Rice Mill At Port Of Pine Bluff

Economic development officials say a new rice mill is headed to Pine Bluff. The state announced Monday that Southwind Milling Co. LLC will build a rice mill at the city's port.

The corporation is part of Optimum Group, which has been farming in Mississippi Delta states since 2010.

Construction of the new mill is expected to begin immediately at the site in the Pine Bluff Port's Harbor Industrial District. Officials say the plant will be operational by February 2015 and will initially employ 25 people.

Local & Regional News
9:02 am
Fri May 30, 2014

Georgia Pacific Announces $40 Million Expansion At Fort Smith Plant

Georgia-Pacific says it will invest $40 million in an expansion at its Fort Smith plant, which manufactures paper plates and other paper products.

Georgia-Pacific said Thursday that the new technology and equipment will increase the Dixie plant's current capacity for assorted sizes of paper plates. The plant now employs 350 workers, but the company says that number may grow once the expansion is complete next year.

The company operates 10 facilities throughout Arkansas with more than 2,400 workers in the state.

Local & Regional News
12:09 pm
Thu May 29, 2014

Arkansas-Based Tyson Makes Rival $6.2Billion Bid For Hillshire Brands

Credit Tyson Foods

Hillshire Brands has another suitor. Arkansas-based Tyson Foods Co. is offering to buy Hillshire for $50 per share. That's $5 per share higher than Pilgrim's Pride offer earlier this week.

Hillshire Brands, which makes Ball Park hot dogs and Jimmy Dean sausages, has been trying to buy Birds Eye frozen vegetables maker Pinnacle Foods for $4.23 billion.

But Tyson, one of the world's largest meat-processing companies, said its offer would make a more profitable company.

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Local & Regional News
8:52 am
Wed May 14, 2014

EPA Orders Clean Harbors To Pay $581k Penalty

The Environmental Protection Agency says Clean Harbors El Dorado L.L.C. has agreed to pay a more than $581,000 penalty for improperly identifying and disposing of hazardous waste; improper storage of hazardous waste; and failure to comply with air emissions standards at its plant in El Dorado.

The EPA says the violations were discovered during inspections.

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Local & Regional News
1:56 pm
Tue May 6, 2014

Osceola Approves Revenue Bonds For Steel Mill

The Osceola City Council has unanimously approved the issuance of $1.5 billion in industrial revenue bonds for the planned Big River Steel mill.

The council approved the ordinance Monday night. Under the agreement, the city will take the title for the property then lease it back to Big River Steel for $1 a year.

According to the Blytheville Courier News, the agreement also calls for Big River Steel to pay 35 percent of regular millage taxes to the city annually for 20 years.

Local & Regional News
9:01 am
Fri April 25, 2014

Arkansas Panel To Vote On Steel Mill Air Permit

An environmental regulatory panel is to vote on whether to issue an air quality permit for the proposed $1.1 billion Big River Steel mill that backers want to build in northeast Arkansas.

The Pollution Control and Ecology Commission on Friday is to hear arguments from lawyers from steel business competitor Nucor, which is trying to block construction of the new mill.

An administrative law judge earlier rejected Nucor's challenge, but the permit still has to be approved by the commission for the plant to be built.

Local & Regional News
9:02 am
Thu April 24, 2014

Osceola Sets Meeting On Big River Steel Bonds

The Osceola City Council has scheduled a meeting to discuss issuing $1.5 billion of economic development bonds for the Big River Steel mill.

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.

Under the proposal, the steel mill would be owned by the city of Osceola and leased back to Big River Steel for $1 a year.

Local & Regional News
1:22 pm
Wed April 23, 2014

Air Force Awards Arkansas Company $3.5 Million Contract

Credit www.uschambersummit.com

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.

Arkansas Power Electronics International is to build a high-temperature, silicon carbide power module for the F-35 Joint Strike Fighter.  

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.

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Local & Regional News
9:03 am
Mon April 21, 2014

Gov. Beebe To Join In Ceremony For Block Grants

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.

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.

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