Arkansas Business

Bank of the Ozarks Arena in Hot Springs.
wikipedia.org

Bank of the Ozarks is laying the foundation for future growth with plans for a new corporate headquarters in west Little Rock.

The Little Rock-based financial institution says it has outgrown three headquarters locations in the past 20 years.

On top of less than stellar holiday sales, retailers also are expected to see return fraud grow from $1.9 billion in the 2014 holiday cycle to $2.2 billion this year, according to the National Retail Federation.

Michael Hibblen / KUAR News

The Walton Family Foundation says it will be reviewing funding request from charter schools in Arkansas following the announcement of a billion dollar gift to be spent in about 22 states over five years.

Marc Sternberg, head of education policy at the foundation, said the strength of school leadership will weigh heavily in picking schools to fund in 2016.

"We'll be overwhelming focused on growing the charter sector," he said, "because that's where the opportunity is to increase high-quality, autonomous schools of choice." 

A foundation run by the heirs of Wal-Mart founder Sam Walton plans to spend $1 billion on public schools over the next five years.

The Walton Family Foundation planned to notify patrons Thursday that it hopes to establish new charter schools and help programs already in place. The money will be spent in about two dozen states where it has already aided programs.

Charter schools are privately run but receive public funding. Many are dedicated to the arts or to science and technology.

A year-ending survey of business contacts indicated that nearly half expect economic conditions in 2016 will be somewhat better than in 2015 as employment growth continue to strengthen across the state, according to the Federal Reserve’s “Burgundy Book.”

The report provides statistical and anecdotal notes on 62 of the state’s 75 counties. The Little Rock Zone covers six state metro areas, including Little Rock/North Little Rock/Conway, Pine Bluff, Hot Springs, Texarkana, Fort Smith and Fayetteville/Springdale/Rogers.

Tales From The South

North Little Rock-based Bourbon & Boots, the online retailer featuring Southern artisan merchandise, has entered into an agreement to purchase Tales From The South, a radio show and media company featuring Southern storytelling. Terms of the private transaction were not disclosed.

J.B. Hunt To Add More Than 1,000 Corporate Jobs In Northwest Arkansas

Dec 10, 2015
Johnelle Hunt J.B. Hunt
Talk Business & Politics

Lowell-based J.B. Hunt Transport Services announced Wednesday a corporate expansion plan that will add more than 1,000 jobs in Northwest Arkansas in the next six years.

Main Street Little Rock creative corridor
Brian Chilson / Arkansas Times

The Little Rock Technology Park Authority on Wednesday unveiled the architectural plans for the first phase of the much-discussed multimillion dollar downtown development that has been in the works now for eight years.

Mike Preston
Talk Business & Politics

Fresh off his 8-day trip to Japan and China, AEDC executive director Mike Preston said the announcement of a $1.36 billion agreement with Sun Paper Co. will not likely result in the need for a legislative “superproject” special session.

“I think we have a very aggressive incentive package on the table,” Preston said. “There’s still some negotiations to go, but I don’t think we’ll have to go to the legislature.”

The Little Rock Technology Park Authority agreed on Tuesday to make a $1,037,000 counter offer to attorney Richard Mays to purchase his firm’s downtown office Tuesday, opening the door for the publicly-financed authority to move forward with the first phase of a tech park to boost entrepreneurship.

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