Following the trend of other successful local business incubators across the state, North Little Rock will be the new home to the latest entrepreneurial hub, the Argenta Innovation Center.
The center, which has raised $2.5 million from private sources, will be the first phase of the Arkansas Regional Innovation Hub, which will house three inter-connected ventures that will work together to provide education, training, prototyping and startup and entrepreneurial opportunities.
Fidelity National Information Services appears poised to add 150 new jobs and invest $3 million at its campus in west Little Rock.
Talk Business Arkansas reports a resolution on the city of Little Rock board of directors agenda indicates that Jacksonville, Fla.-based Fidelity will seek to utilize the state’s Arkansas Tax Back program for a partial sales tax rebate on new technology equipment, HVAC, office equipment and work stations.
Arkansas crop yields are all over the map this year, with cotton harvests at an all time low and wheat registering as the second highest on record.
Brent Griffin, a county extension agent for Prairie County, says wheat is a world wide commodity and is affected by what goes on in the overseas market. He says local factors attributed to the high yield of 59 bushels this year.
A normally very large crop for the state, only 320,000 acres of cotton were planted this year, only half of what was planted in 2012.
State Economic Development officials say Hewlett Packard no longer fulfills a benchmark that allows them to receive the same incentives established when its Conway facility opened in 2010.
Grant Tennille, director of the Arkansas Department of Economic Development, told KUAR News that after laying off 500 employees, HP no longer has the 1,000 workers at its service center which was a requirement for the computer company to receive its full-incentive package from the state.
He said the state will work with HP to determine how much money needs to be returned.
Tenacity and perseverance are two traits that successful entrepreneurs usually have in spades. Home Bancshares chairman John Allison certainly does and his bank’s acquisition last week of Jonesboro-based Liberty Bancshares for $280 million proves the point.