Arkansas Business

The U.S. Postal Service has dropped plans to end Saturday mail delivery this summer, due to a measure passed by Congress last month that barred U.S.P.S. officials from making such a move.

U.S. Senator Mark Pryor of Arkansas says efforts to curb mail delivery from six days a week to five would have hurt rural communities in the state.

Officials with the Arkansas Department of Workforce Services reported Friday that the unemployment rate in the state remained unchanged during the month of February. 

Agency Spokeswoman Kimberly Friedman says labor statistics show unemployment held steady at 7.2 percent , while the national jobless rate dropped from 7.9 percent in January to 7.7 percent in February.

Arvest Bank Completes Acquisition Of 29 Branches

Mar 27, 2013

Arvest Bank says it's completed its acquisition of 29 Bank of America locations in four states. The Fayetteville-based bank announced that the deal closed last week for the new locations. 

Terms of the deal weren't disclosed, but it included 15 branches in Missouri, nine in Arkansas, four in Oklahoma and one in Kansas. Arkansas Business reports that Arvest received regulatory approval for the purchase on Feb. 18.

A new online technology is helping Arkansans fund community projects and local business efforts.

The technology is called crowdsourcing, and it’s a method in which funds for local projects are raised through a large online network of people who want the projects to be successful. Small contributions by many people end up translating into lots of money.

Photo by: Tim Garlington, Portraits Plus

An Arkansas woman will be featured on the ABC reality TV show Shark Tank this weekend.

Jessica Haynes pitched an idea for a shoe with interchangeable heels, which will be featured on the program Friday at 8 p.m.

Haynes says although people have tried this before, her idea is different because it can change from a stiletto to a wedge.

JesKa Shoes also have magnetic components for attaching accessories on the shoe.  She says the idea came after she broke a heel of her favorite pair of shoe.

New Survey: Arkansans Divided On Concealed Weapons Bill

Feb 22, 2013

A survey released Friday by Talk Business and Hendrix College finds by a slight margin that most respondents support a bill that would allow weapons to be carried on college campuses by licensed faculty and staff. 

49% are in favor of the proposal, while 43-percent are against it.  Roby Brock with Talk Business Arkansas says it shows that gun rights issues remain a divisive topic.  

New Survey: Arkansans Divided On Concealed Weapons Bill

Feb 22, 2013

A survey released Friday by Talk Business and Hendrix College finds by a slight margin that most respondents support a bill that would allow weapons to be carried on college campuses by licensed faculty and staff. 

49% are in favor of the proposal, while 43-percent are against it.  Roby Brock with Talk Business Arkansas says it shows that gun rights issues remain a divisive topic.  

Nathan Vandiver / KUAR

  The Little Rock Tech Park Authority Board is still looking at three potential tech park sites as relatively equal rivals following their meeting Wednesday afternoon.

The Tech Park Authority Board’s meeting yielded no clear favorites from three sites in its afternoon meeting.  Board Chair Mary Good attributed part of the indecision to an engineer’s report that didn’t find any site particularly stronger than the others.

Aircraft cabinets
customaircraftcabinets.com

A Sherwood-based company that makes furnishings for airplanes on Wednesday opened a new facility.

It is also expanding its workforce, creating 150 additional jobs.

KUAR’s Kezia Nanda was at the grand opening. You can listen to her report above.

A large crowd was on hand as Custom Aircraft Cabinets opened the new facility on Landers Road, the building which had previously housed a National Home Center.

Mike Gueringer co-founded the company, which makes cabinetry and upholstery for aircraft, 24 years ago in North Little Rock.

Dillard's factory
Malcolm Glover

Arkansas economic development officials say what was once the vacant Target Distribution Center in Maumelle is now bustling with activity for another retailer.

Dillard’s Incorporated is using the facility in Maumelle to ship merchandise from online orders all over the country. The department store chain completely renovated the 850,000 square foot center and it has space for extra growth. Julie Bull with Dillard’s says the company wanted to honor its Arkansas roots and Maumelle proved to be the perfect site for what has been dubbed the “Internet Fulfillment Center.”

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