Arkansas Business

Local & Regional News
5:40 pm
Tue July 16, 2013

Fidelity National Information Services To Add 150-200 Jobs In Little Rock

Fidelity National Information Services appears poised to add 150 new jobs and invest $3 million at its campus in west Little Rock.

Talk Business Arkansas reports a resolution on the city of Little Rock board of directors agenda indicates that Jacksonville, Fla.-based Fidelity will seek to utilize the state’s Arkansas Tax Back program for a partial sales tax rebate on new technology equipment, HVAC, office equipment and work stations.

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Local & Regional News
5:15 pm
Tue July 16, 2013

Arkansas Crop Yields: Highest And Lowest On Record

Credit National Cotton Council

Arkansas crop yields are all over the map this year, with cotton harvests at an all time low and wheat registering as the second highest on record.

Brent Griffin, a county extension agent for Prairie County, says wheat is a world wide commodity and is affected by what goes on in the overseas market. He says local factors attributed to the high yield of 59 bushels this year.

A normally very large crop for the state, only 320,000 acres of cotton were planted this year, only half of what was planted in 2012.

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Local & Regional News
2:42 pm
Tue July 16, 2013

Baptist Health System Laying Off 170 As Hospitals Cope With Medicare Cuts

Credit baptist-health.com

Little Rock-based Baptist Health System says it will lay off 170 workers across its statewide health care network and one industry leader says more hospitals could follow suit.

Baptist Health has hospitals, clinics and medical facilities throughout Arkansas. The health care organization is one of the state’s largest private employers with more than 7,300 workers.

In a statement provided to members of the media, Mark Lowman, Vice President, Strategic Development at Baptist Health said:

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Economic Development Incentives
6:55 pm
Wed July 10, 2013

Economic Development Director Says HP Will Return Some Of Incentives Package

Grant Tennille
Credit Mike Pirnique/ Arkansas Business

State Economic Development officials say Hewlett Packard no longer fulfills a benchmark that allows them to receive the same incentives established when its Conway facility opened in 2010.

Grant Tennille, director of the Arkansas Department of Economic Development, told KUAR News that after laying off 500 employees, HP no longer has the 1,000 workers at its service center which was a requirement for the computer company to receive its full-incentive package from the state.

He said the state will work with HP to determine how much money needs to be returned.

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Local & Regional News
11:19 am
Mon July 1, 2013

For John Allison And Home Bancshares, Fifth Time’s The Charm

Home Bancshares chairman John Allison speaking with Roby Brock.
Credit Talk Business Arkansas

Tenacity and perseverance are two traits that successful entrepreneurs usually have in spades. Home Bancshares chairman John Allison certainly does and his bank’s acquisition last week of Jonesboro-based Liberty Bancshares for $280 million proves the point.

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Local & Regional News
9:50 am
Mon July 1, 2013

Music Icon Launches Artists’ Careers With Arkansas And Tennessee-Based Business

Al Bell, former chairman of Stax Records and former president of Motown Records, starts Arkansas-based business for rare music talent.

A new business venture in North Little Rock and Memphis seeks to change current norms in the recording industry.

Music mogul Al Bell grew up in Arkansas and later became chairman of Stax Records and president of Motown Records.

Bell says he is once again working with authentic artists who no longer fit into conventional categories

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Local & Regional News
8:02 am
Mon July 1, 2013

Survey: Midwest, Plains Economy Remains Strong

Mid-America Business Conditions Index

A new monthly survey suggests the economy remains strong in Arkansas and eight other Midwest and Plains states and business will continue to improve in the months ahead. 

The overall index for the region declined to 55.6 in June from 56.2 in May, but any score above 50 suggests growth. Creighton University economist Ernie Goss says business leaders expect slower growth in the next few months. 

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Local & Regional News
5:10 pm
Tue June 25, 2013

Home BancShares To Buy Liberty Bank for $280 Million

Wallace Fowler and Johnny Allison unveil a map showing the footprint of the two banks.
Credit press conference video feed

Home BancShares Inc. of Conway on Tuesday announced the signing of a definitive agreement worth $280 million to acquire Liberty Bancshares Inc. of Jonesboro, the largest in-state bank transaction in Arkansas history.

Under the terms of the agreement, approximately 400 shareholders of Liberty will receive $250 million of Home BancShares common stock plus $30 million in cash.

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Local & Regional News
4:59 pm
Fri June 21, 2013

More Visitors To The Rivermarket And Public Library Mean An Increased Need For Parking

Credit River Market Information

The City of Little Rock and the Central Arkansas Library System are developing a plan to build a new parking deck on Riverfront Park. With between 3,000 and 4,000 people visiting the library per day, more parking space is needed.

The project is still in the early stages, but has already received some pushback. The main concern is that the structure would obscure riverfront land. 

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Local & Regional News
7:57 am
Mon June 17, 2013

$4M Expansion Underway At Van Buren Plant

A food service company that has been in western Arkansas for 70 years is embarking on a $4 million expansion at a Van Buren facility.

Tankersley Foodservice Inc. is adding cold storage and dock space to the site at the Van Buren Industrial Park.

The company says the project also includes expansion and improvement to customer service offices.

The Southwest Times Record reports the growth is expected to add up to 30 jobs.

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