Arkansas Business

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.

Three technology companies announced plans to locate new facilities in downtown Conway, investing $2.5 million and adding 140 new jobs.

Talk Business and Politics report Metova Inc., a mobile app development company; Big Cloud Analytics, a predictive analytics software company; and Eyenalyze, a Conway-based company that has developed innovative software for use in the food service sector; will invest a combined $2.5 million and create 140 new jobs.

Wal-Mart has announced it will cut about 50 positions at its company headquarters in Bentonville.

KHOG-TV reports a company representative said Wednesday the layoffs will affect multiple departments and that no more are expected at this time.

In a statement, the retailer said it's common for individual departments to make adjustments around February, which is the start of the company's fiscal year, to better support their and the company's goals.

Wal-Mart says affected employees can apply for other positions within the company.

Delta Regional Authority To Host Pitch Competitions

Jan 15, 2015

The Delta Regional Authority is working to identify and nurture entrepreneurs from the Delta and the so-called “Alabama Black Belt” through The Delta Challenge, a series of entrepreneurship pitch competitions, and by offering support to organizations that foster entrepreneurship.

Up to 16 Entrepreneurship Network Fellows will be named through Delta Challenge pitch competitions that will take place in five cities across the Delta, including one in Jonesboro on Feb. 28. Others will be held in Cape Girardeau, Missouri; Ruston, Louisiana; Jackson, Mississippi; and Linden, Alabama.

Arkansas small business owners have the opportunity to learn more about the state’s health insurance marketplaces during a free webinar Tuesday. The on-line seminar will explore topics related to the costs and benefits of using the marketplaces.

Edward Haddock with the Small Business Administration said the information presented will be relevant even as the Arkansas Legislature discusses the future of healthcare in the state.

Carrie Ford Arkansas Venture Center
Talk Business & Politics

A new study from the Kauffman Foundation centered on women entrepreneurship concluded that more female business owners could have the same economic impact today that the entry of women in the 20th century labor force had generations ago.

Fayetteville's City Council in an August meeting on an anti-discrimination ordinance.
Jacqueline Froelich / KUAF

An alderman in Fayetteville is ready to try again to put an anti-discrimination ordinance in place but a state senator in northwest Arkansas hopes to strip Fayetteville, and local governments statewide, from having the authority to pass such ordinances. 

Earlier this month voters in Fayetteville narrowly chose to repeal an anti-discrimination ordinance designed to provide protection and recourse in housing, employment, and public accommodations to historically discriminated against populations - including LGBT people.   

Chris Hickey / KUAR News

A national animal rights group is pressuring Arkansas-based Wal Mart to stop abusive animal practices by one of its pork suppliers. 

The group Mercy for Animals has been conducting undercover investigations of animal abuse at factory farms throughout North America over the last decade and a half. Their latest takes aim at Wal Mart pork supplier Seaboard Foods. At a press conference in Little Rock, Mercy for Animals spokesman Alan Darer detailed what one investigator found at a Seaboard farm in Yuma, Colorado.

Connect Arkansas Unveils Small Business Initiative

Nov 18, 2014

Connect Arkansas said it is conducting a statewide study among small- and medium-sized businesses to develop strategies to help those companies capitalize on the digital economy.

The project is a collaboration between Connect Arkansas, its parent company, Arkansas Capital Corp. Group, and broadband research firm Strategic Networks Group. Businesses with less than 100 employees are invited to participate.

Arkansas-Based Tyson Foods Tops $864 Million In Net Income

Nov 17, 2014
Tyson Foods

Meat giant Tyson Foods recorded strong revenue growth and profits as it integrates its recent acquisition of Hillshire Brands into an already beefed up food conglomerate.

The Springdale-based protein company posted fourth quarter net income of $137 million, down from $261 million a year ago, on revenue of $10.105 billion. However, adjusted net income per share grew by 24% to 87 cents per share for the latest quarter, up from 70 cents per share for the 2013 fourth quarter.