Arkansas Business

Big Data In Arkansas
4:41 pm
Fri October 11, 2013

Technology Company Establishes Center In Little Rock

CEO Ron Ford, flanked by Little Rock Mayor Mark Stodola (left) and Governor Mike Beebe (right), talks about his company, nGage Labs.
Credit Chris Hickey / KUAR News

A technology company that analyzes consumers’ personal data to help create specifically targeted mobile advertisements will be opening a center in Little Rock.  nGage Labs plans to hire 35 skilled workers at an average salary of $100,000 for its new site in the Rivermarket.

Ron Ford, CEO of the Scottsdale, Arizona-based company, told reporters at the Capitol Friday about his enthusiasm for the new expansion, an ‘Analytics Innovation Center’.

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Local & Regional News
3:01 pm
Fri October 11, 2013

Local Opinions About Federal Government Shutdown

As the federal government shutdown continues into its second week, people across the country are expressing their concerns. 

The coffee shop is a natural meeting point for conversation and debate, and Starbucks is taking advantage of this by offering a petition for people to sign. It calls for a bipartisan end the shutdown.

Kate Althoff, a self-described “professional volunteer,” said she is tired of the situation and believes others share her worry.

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Local & Regional News
6:15 pm
Tue October 8, 2013

Arkansas State Fair Opens Friday

Rides at the Arkansas State Fair
Credit Jacob Kauffman/KUAR News

The annual state fair will start its ten day run on Friday. Discounted tickets are on sale at Walgreens for two dollars less than tickets available at the door.

Advance tickets will no longer be available past the first day of the fair, and will have to be purchased for full price at the gate, a change made this year.

Mary Smith, Director of Marketing for the fair, says the event is an economic boost for the area.

Smith says new food items will be introduced this year, including deep fried pineapple upside down cake.

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Local & Regional News
5:48 am
Tue October 1, 2013

Southern Bancorp Awarded Funds For Rural Loans

Southern Bancorp

Southern Bancorp Bank of Little Rock has been awarded $1.3 million to increase its lending in rural communities it serves in Arkansas and Mississippi. 

The funding comes from the U.S. Department of Treasury's Community Development Financial Institutions Fund. 

Southern Bancorp Inc. CEO Darrin Williams says the bank is one of 11 Community Development Financial Institutions chosen for the award.

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Local & Regional News
9:41 am
Tue September 10, 2013

Simmons First Wins Auction For Metropolitan National Bank

Arkansas will lose one of its iconic bank names after a bankruptcy auction concluded on Monday. Pine Bluff-based Simmons First National Corp. has won the bidding war for Little Rock-based Metropolitan National Bank, according to Talk Business Arkansas sources and confirmed by Simmons First.

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Local & Regional News
1:16 pm
Tue September 3, 2013

Arkansas Public Service Commission Extends Transmission Line Hearing

The Arkansas Public Service Commission is allowing further information to be presented by both sides of a dispute, concerning a transmission line in the northern part of the state.

Southwestern Electric Power Company has construction plans for a 60 mile line in Benton and Carroll Counties. Doug Stowe, a Save the Ozarks board member, says the utility companies saw the previous hearing as a meeting to determine which route would be used.  He says the opposition saw things differently. 

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Local & Regional News
4:59 pm
Mon August 26, 2013

Report: Rural Manufacturing Continues To Decline In Arkansas

Efforts to stimulate economic investment in rural communities across Arkansas are outlined in a new report by the University of Arkansas Division of Agriculture.

Dr. Wayne Miller, an extension economist, says the Rural Profile of Arkansas 2013 report shows how many manufacturing jobs in small towns have been shipped overseas to South America and Asia in recent years.

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Manufacturing
8:18 am
Thu August 8, 2013

Remington To Break Ground On Arkansas Plant Expansion

Boxes of Ammunition
Credit Judd McCullum / flickr.com

Remington Arms Company is breaking ground on a $32 million expansion of its ammunition plant in Arkansas.

Gov. Mike Beebe, U.S. Sen. Mark Pryor and other officials were expected to be on hand Thursday for the expansion of the ammunition plant in Lonoke. Remington announced in May it would expand the facility, which was established in 1969.

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Local & Regional News
7:41 am
Mon August 5, 2013

Jonesboro Council To Vote On Unilever Expansion

The Jonesboro City Council is considering a plan this week to authorize up to $41 million in revenue bonds to help Unilever complete an expansion at its plant, which makes hair-care products.

The council is set to vote Tuesday night on the plan. Unilever announced the expansion in 2011, shortly after the company acquired Alberto Culver.

Unilever has said the company has already hired many of the 125 new employees it planned to add with the expansion.

The Jonesboro Sun reports that the city will have no financial obligation but will own the facility.

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Local & Regional News
5:54 am
Mon August 5, 2013

Freight Company Expanding At Fort Smith

A facility that moves freight between big rigs and train cars is expanding in Fort Smith.

Ozark Transmodal Inc. spending $1.5 million to add 60,000 square feet of floor space to its center on Fourth Street.

The Southwest Times Record reports that Ozark Transit and it sister company, Arkansas and Missouri Railroad, moves freight from truck to rail and from rail to truck.

The firms have locations in Fort Smith and Springdale. The company says the new space will mainly be used for shipping rolls of paper.

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