Arkansas Business

Tyson
Tyson Foods

Tyson Foods Inc. has announced a proposal to build a new processing facility near its existing poultry plant in Green Forest.

The Springdale-based company says the $136 million project is contingent in part on the approval of incentives from Carroll County and the Arkansas Economic Development Commission. The company says the project would create about 85 jobs once it's fully operational.

Sarah Whites-Koditschek / KUAR

A national group of business leaders and others working to open trade with Cuba launched a state council in Little Rock Monday.

James Williams, President of the umbrella group, Engage Cuba, said Arkansas lawmakers are leading the effort to lift the 55 year-old trade embargo against the country. 

Cuba is the number one rice consumer in the Western Hemisphere, he said, adding he believes it is "ridiculous" the country cannot purchase U.S. products on credit.

"We're 90 miles away and they're buying their rice in Vietnam. We're all outraged by that fact.”

One month does not make a trend, but a more than 21% gain in home sales during January in Arkansas’ four large markets continues the momentum of 2015 in which home sales were up almost 10% – with a December that had an almost 20% gain.

Home sales in Arkansas’ four largest markets totaled 1,484 in January, up 21.24% compared to January 2015 and up 18.3% compared to January 2014. All four markets posted double-digit growth in January, according to The Arkansas Home Sales Report.

Walmart.com Lags E-commerce Industry Growth Despite Hefty Investments

Mar 29, 2016

With 40 million customers per month, Walmart.com is the 15th largest online shopping site, despite being the world’s largest retailer. Few market watchers are convinced the Bentonville-based retailer’s multi-billion dollar e-commerce investments will move the ranking too much higher.

Walmart’s online traffic equals just 7% of weekly store traffic and only 2% of the sales. The majority of Walmart’s online shoppers also shop in the retailer’s stores, with 80% at least once a month and half once a week, according to analysts with Cleveland Research.

Tyson
Tyson Foods

The Supreme Court has ruled for more than 3,000 workers at a Tyson Foods Inc. pork-processing plant in Iowa in a pay dispute with the company.

Although the manufacturing sector in Arkansas and the rest of the U.S. has been mired in a recent slump, a new report from Oxford Economics says U.S. productivity from the blue collar-friendly segment of the economy is still the strongest in the world and will maintain its competitive edge over China and other economies.

Interstate 30
Arkansas Highway & Transportation Dept.

Gov. Asa Hutchinson (R) has floated the idea of cutting the state’s largest economic development incentive program as a funding source for highways, but the idea is being resisted by those who say the program cuts the cost of manufacturing plant upgrades and helps retain jobs in Arkansas.

The Arkansas State Chamber of Commerce for the first time is making independent expenditures in state legislative races. The expenditures are paying for mailers backing candidates who support Gov. Asa Hutchinson’s Medicaid expansion plan, Arkansas Works.

Chamber President and CEO Randy Zook said Thursday that the expenditures were being made in “a couple, three Senate races; a couple, three House races.” He said the expenditures were being made to “people who have been targeted by other groups for defeat because of that single vote.”

Talk Business and Politics

Editor’s note: The Arkansas Transportation report is managed by Talk Business & Politics and sponsored by the Arkansas Trucking Association and the Arkansas State Chamber of Commerce/AIA. Other transportation industry related stories can be found on the Arkansas Transportation Report landing page.

walmart wal-mart
Wal-Mart

Arkansas-based Walmart is closing its small format stores, called Walmart Express. But the decision has upset the leaders of many small towns who are losing their only grocery store.

In this week's issue of Arkansas Business, reporter Mark Friedman writes about a change in strategy by the retail giant concerning the small stores that it began opening five years ago.

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