Arkansas Business

Local & Regional News
11:37 am
Thu January 2, 2014

Arkansas Voters May Decide Minimum Wage Increase

Organizers of an effort to raise the minimum wage in Arkansas are awaiting Attorney General Dustin McDaniel’s decision on their proposed ballot measure.

The group, Give Arkansas A Raise Now, wants to increase the state’s minimum wage from $6.25 an hour to $8.50 an hour over a three-year-period. Stephen Copley oversees the campaigns efforts. He says growing economic inequality is a serious issue.

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Local & Regional News
8:46 am
Thu December 26, 2013

80 Million Tax Dollars Collected For Infrastructure Projects

The money collected from the operating and capital sales taxes that voters approved two years ago have generated millions of dollars in funds.

Over 80 million dollars has been collected and the citizens committee overseeing the spending assures it is being used appropriately. 

The Arkansas Democrat Gazette reports that over half of the money went to the city's general fund for projects including a new fire station and new police station. 

The remaining funds are being used for nearly 40 infrastructure projects and the resurfacing of streets in the capitol city.

Local & Regional News
12:57 pm
Wed December 18, 2013

HP To Hire 200 More Workers For Arkansas Facility

Governor Mike Beebe listens, as Conway Mayor Tab Townsell speaks during Wednesday's announcement.
Credit Chris Hickey / KUAR

Hewlett-Packard says it will be adding around 200 highly skilled jobs to its facility in Conway. Governor Mike Beebe, Conway Mayor Tab Townsell and HP executive John Herzog joined state economic development officials in making the announcement at the state capitol. The 200 highly skilled tech jobs—said to consist of engineers, software developers, data analysts and the like—would be a part of HP’s growing healthcare information business. Beebe said Conway is a perfect fit for these positions because of its young, educated demographic and its centers of higher education.

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Local & Regional News
2:36 pm
Mon December 16, 2013

Survey Of Arkansas Business Leaders Shows Slight Optimism For 2014

Mike Stafford of CEG Partners discusses the business survey.
Credit Talk Business Arkansas

Talk Business Arkansas — in conjunction with the State Chamber of Commerce and consulting group CEG Partners — released its first “Business Leaders Confidence Survey,” which found that company leaders across Arkansas see sizable revenue growth in 2014 but it may not correlate to hiring or capital investments.

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Local & Regional News
8:38 am
Mon December 16, 2013

Arkansas Banker, Businessman Denies Wrongdoing

The president and CEO of HomeBank of Arkansas who also owns Mountain Pure Water denies allegations in a federal indictment that he fraudulently received a federal loan following a May 2008 tornado.

John Stacks of Damascus said in a statement to the Log Cabin Democrat that the Dec. 4 indictment charging him with wire fraud, money laundering, submitting a false claim and making a false statement is without merit.

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Local & Regional News
5:57 am
Wed December 11, 2013

Arkansas Labor Unions Urge Policy Changes

Labor unions and their supporters are encouraging Arkansas legislators and federal lawmakers to close policy loopholes they say favor corporate interests over small businesses and workers’ rights.

A report released by the Economic Policy Institute and the American Federation of State, County, and Municipal Employees, or AFSCME, shows changes in the tax code could result in a fairer system that strengthens economic growth.

Jim Nickels represents an AFSCME Council in Arkansas.

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Local & Regional News
5:36 pm
Wed December 4, 2013

Owner of Arkansas Water Bottling Company Indicted

John Stacks, owner of Pure Mountain Water LLC.
Credit Arkansas Business

A Federal Grand Jury has indicted the owner of a Little Rock-based bottled water company on eleven counts, including wire fraud, money laundering and making a false statement. U.S. District Attorney for the Eastern District of Arkansas Christopher Thyer made the announcement.

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Local & Regional News
6:20 pm
Mon December 2, 2013

North Little Rock 'Innovation Hub' Gets $250K Grant

A new facility in North Little Rock whose goal is to provide technological and educational resources for entrepreneurs in Central Arkansas has been awarded a grant by the Delta Regional Authority.

The grant of 251,105 dollars will go towards developing facilities and help the Arkansas Regional Innovation hub become fully operational by next year, says Warwick Sabin, the executive director. He says the hub will include spaces for people to work on their business ideas as well as classrooms where people can learn things like computer programming

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Local & Regional News
9:29 am
Mon November 25, 2013

Wal-Mart Stores CEO Steps Down; McMillon Named Successor

Wal-Mart Stores CEO and President Mike Duke is stepping down from those posts. The world's biggest retailer named Doug McMillon as his successor.

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Local & Regional News
9:10 pm
Sun November 24, 2013

Fairness Hearing Set On Pilot Flying J Settlement

Parties in a $70 million truck-stop rebate scandal linked to a company owned by the governor of Tennessee and his brother, who owns the Cleveland Browns, are to gather in court Monday for a federal court hearing that could end in approval of a settlement.

About 50 customers of Nashville-based Pilot Flying J opted out of the proposed settlement and have filed their own lawsuits. But the bulk of the 6,000 companies due rebates, plus interest, under the proposal have signed on to the deal.

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