Arkansas Business

Two manufacturers in Little Rock have announced plans for a $6.4 million expansion that will create 43 new jobs.

G.C. Evans Sales and Manufacturing and Sleeve Seal announced the expansion Monday. The two companies are now based in a facility on south Woodrow Street but will move all operations to a site in south Little Rock as part of the expansion.

G.C. Evans makes packaging and processing equipment for the food, bottling and pharmaceutical industries, while Sleeve Seal supplies high-speed labeling equipment and shrink labels for the packaging industry.

Arkansas Businesses Ready To Trade With Cuba As Restrictions Lifted

Sep 22, 2016
Cuba
Jorge Royan / Wikimedia Commons

Candlemaker Burt Hanna, rice and grain operators and even an oil importer in Arkansas are ready to do business with Cuba, held back only by an embargo rendered 56 years ago that has only served to help impoverish a neighboring nation, according to Melvin Torres.

Loreal
clintonfoundation.org

Cosmetics maker L'Oreal USA is building thousands of solar panels at manufacturing facilities in Kentucky and Arkansas, a move the company says will help cut carbon emissions and create two of the biggest solar-powered projects in each state.

The subsidiary of the L'Oreal Group said Tuesday it plans to install 5,000 solar panels at its Florence, Kentucky, plant and another 4,000 at its North Little Rock, Arkansas, plant, with both projects expected to be operational by the middle of next year.

A subsidiary of American Airlines has announced plans to establish a new aircraft maintenance facility at Little Rock's airport, a move that is expected to create 60 new jobs over five years.

Envoy Air Inc. announced plans Tuesday for the new facility at the Bill and Hillary Clinton National Airport in Little Rock. The new facility will provide scheduled overnight maintenance for Envoy's 76-seat Embraer 175 aircraft as well as line maintenance for the 15 daily American Eagle flights at the Little Rock airport.

David Monteith / KUAR

Low-wage workers and local leaders are continuing to push for an increase to the minimum wage in Arkansas.

Local protests for a $15 an hour minimum wage were first seen in late 2014 outside fast food restaurants in central Arkansas. Those efforts were part of a nationwide movement known as Fight for 15.

In this election year organizers took their protest to the steps of the state Capitol. Jay Harris, a member of Fight for 15, said there are many reasons for supporting an increased minimum wage.

River Market District
inarkansas.com

New employees of the City of Little Rock may receive a financial incentive to reside within the municipality.

The city’s Board of Directors is considering a $5,000 dollar gift for employees who buy homes in town, or $2,500 to employees who rent in Little Rock. The board discussed possible residency incentive for city employees at its meeting Tuesday.

City spokesperson Jennifer Godwin says the proposal was inspired by a recent failed initiative to require police officers to live within city limits.

Talk Business and Politics reports:

Low interest rates, stable loan demand and hyper competition characterized the banking climate in the state and nation, with net income for all U.S. banks up 1.46% in the second quarter of 2016.

American Railcar Industries will add up to 60 jobs at a new manufacturing facility in Paragould. Corbitt Manufacturing, a component manufacturing operation with ARI, will begin production at the new facility this month, according to the Arkansas Economic Development Commission.

Gov. Asa Hutchinson, along with local leaders, made the announcement Wednesday in Paragould. ARI already has plants in Paragould, and Marmaduke that employ about 1,000 workers, according to the company.

Wal-Mart Expected To Report Decent Earnings On Flat Revenue

Aug 15, 2016

Despite a hit and miss retail environment, Wall Street analysts expect Wal-Mart Stores will have decent quarter fueled in part by strong grocery sales. The consensus estimate is for net income to top $3.2 billion in the second quarter, just short of the $3.475 billion reported a year ago.

Earnings per share are expected to be $1.02, compared to $1.08 in the year-ago period according to the consensus of 24 analysts who follow the company. Earnings per share are expected to be 5.5% lower than a year ago. Total revenue is expected to be $120.29 billion, flat against last year.

Tyson Food
Compassion Over Killing

An animal rights group has released an undercover video that shows Tyson Foods workers abusing and improperly killing chickens at various breeding facilities in Virginia.

The video prompted the Arkansas firm to announce Thursday that it fired the workers for failing to follow company policies and would "aggressively re-emphasize" its animal welfare protocols to current workers. The company also said it would end a practice that involves inserting plastic into chickens' beaks to control how much they eat.

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