Arkansas Business

Aviation Officials Excited About New Law Meant To Help Business In Arkansas

Apr 29, 2015
fly arkansas aviation
www.fly.arkansas.gov

A law passed in the most recent legislative session is meant to help the state attract aviation business that was flying away because of a sales tax Arkansas levied that other states didn’t.

Act 1182 by Rep. Joe Jett, D-Success, enacts a “fly away” provision exempting from taxes aircraft sales where neither the seller nor the buyer are located here.

Lockheed Martin Profits Off 6%, Defense Giant Sees Huge Sales Loss At Camden Operation

Apr 21, 2015

Profits for defense contractor Lockheed Martin Corp. fell nearly 6% in the first quarter as the company’s Missile and Fire Control (MFC) division loss ground in the first three months of fiscal 2015 due to continued cuts in defense spending by the Pentagon.

It flew under the radar for the most part, but a significant piece of legislation may make Arkansas a much easier place to start or run a business, Talk Business & Politics reports.

Act 1190, co-sponsored by Speaker Jeremy Gillam and Sen. Eddie Joe Williams, allows the Secretary of State’s office to create a portal for businesses to submit licenses, permits and applications through one interface.

Arkansas Natural Gas Drilling Declines, With Fewest Rigs In Decade

Apr 7, 2015
Natural Gas Drilling Mt. Vernon in Faulkner County
Arkansas Times

Arkansas’ rig count has fallen to levels not seen in nearly a decade as natural gas drillers and oilfield equipment firms continue to cut capital spending as oil and gas prices search for a bottom.

At the same time, Arkansas severance tax collections hit a sudden headwind, falling precipitously by 47.5% from $6.08 million a year ago to nearly $3.19 million in February. State tax revenue for natural gas production also fell nearly 50% from $6.27 million in January, according to tax data compiled by the Revenue Division of the Arkansas Department of Finance & Administration.

John Glasgow
Arkansas Business

The cause of death of a Little Rock businessman whose skeletal remains were found on Petit Jean Mountain is expected to be released to law enforcement next week.

Cindy Moran at the Arkansas State Crime Lab told KTHV that the state medical examiner is finalizing the report on the death of John Glasgow.

Glasgow disappeared in January 2008. His skull was found March 11 by hikers in the park and other bone fragments and skeletal remains have since been located.

Asa Hutchinson governor
Michael Hibblen / KUAR News

Arkansas Gov. Asa Hutchinson met with a group of small business owners to talk about how government should work alongside the private sector and take questions from the crowd.

About 25 people gathered Tuesday for Small Business Day at the Capitol hosted by the National Federation of Independent Business.

Hutchinson touted his own roots as the owner of a FM radio station in Bentonville. He says he wants to grow the private sector of the state economy instead of the government and that Arkansas needs to stay competitive with surrounding states.

John Glasgow
Arkansas Business

The remains of a Little Rock construction executive who went missing in 2008 have been found in Petit Jean State Park.

Conway County Sheriff Mike Smith confirmed that hikers found a skull on Wednesday afternoon about 150 yards off Red Bluff Drive in the park. The remains were taken to the State Crime Laboratory Thursday morning.

Leslie Rutledge attorney general
Michael Hibblen / KUAR News

Arkansas Attorney General Leslie Rutledge says she will testify before a U.S. House of Representatives subcommittee.

Rutledge announced Tuesday that she has accepted an invitation to testify Thursday before the Oversight Subcommittee on the Interior and will discuss U.S. Environmental Protection Agency regulations and the impact of those regulations on the states.

Rutledge said in a statement that "the EPA continues to pile on burdensome regulations" that she says harms Arkansas' existing industry and makes it difficult to attract new industry.

Chris Hickey / KUAR News

Local officials are heralding the arrival of a new 300,000 square foot Fed-Ex Ground facility on the outskirts of Little Rock. Amid a few remaining horse pastures and cattle ranches, a now-barren field in the Mabelvale neighborhood, will, by August 2016, give rise to the new shipping hub behemoth.

This expansion includes “job opportunities for the great workforce in the area and continued growth for FedEx Ground, ” according to Don Davis, Managing Director of the company's Mississippi Valley region.

The Winthrop Rockefeller Foundation has granted the EAST Initiative and the Arkansas Regional Innovation Hub $35,000 to support and encourage entrepreneurship in Central Arkansas, Talk Business & Politics reports.

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