Arkansas Economy

Recently released FBI data shows Black Friday gun sales set a single-day record for background checks at just over 203,000. And a number of Arkansas stores are claiming strong sales through the holiday weekend and Cyber Monday as well.

Rusty Fisher with Sunrise Outfitters in Searcy says his shop was no exception.

thanksgiving governor asa hutchinson turkey agriculture
David Monteith / KUAR News

The traditional trappings of Thanksgiving have a significant economic impact on the state of Arkansas, officials said in a ceremony on the steps of the state Capitol Monday.

Gov. Asa Hutchinson declared this Turkey Week in Arkansas. According to The Poultry Federation President Marvin Childers, the state ranks third in the nation in turkey production.

Assistant Pro Tempore 1st District Senator Eddie Joe Williams (R-Cabot).
Jacob Kauffman / KUAR

President Donald Trump has appointed an Arkansas state Senator as the federal representative on the Southern States Energy Board. Eddie Joe Williams says he’ll be sworn into the new post in 30 to 45 days, and in the meantime he’ll resign as state Senator.

He’s held an elected office of kind or another in the Cabot area since the early 2000’s. He was elected to the Senate in 2010. A special election will have to be called to fill out the remainder of his term.

Arkansas’s two U.S. Senators - Republicans Tom Cotton and John Boozman – joined the slimmest of majorities this week to strike down a new rule that would have allowed consumers to band together in class-action lawsuits against credit card companies and banks. It’s a blow to the Consumer Financial Protection Bureau, created after the 2009 financial crisis.

Democratic Party of Arkansas Chair Michael John Gray discusses the vote with KUAR’s Jacob Kauffman in the interview posted above.

Arkansas was the among several states that saw higher unemployment rates in August, but U.S. Labor Department officials said Hurricane Harvey had “no discernible effect” on the nation’s employment picture last month.

Mortgage backers Freddie Mac and Fannie Mae have recently changed lending rules to give more leeway to borrowers like Kristen Griffin with high student loans.

Griffin is a librarian at Nemo Vista High School in Center Ridge. She and her husband Mark are window-shopping on Zillow while their 2-year-old son Fletcher sleeps nearby.

Delta Regional Authority
dra.gov

The White House has nominated a member of U.S. Sen. John Boozman's staff to serve as co-chairman of the Delta Regional Authority.

Officials announced the nomination Wednesday of Chris Caldwell, who now serves as director of special projects for Boozman. The Delta Regional Authority is a federal-state partnership that works to improve regional economic opportunity in the Mississippi River Delta region.

The Delta town of Dumas is getting an economic boost with the expansion of a manufacturing operation, SAF-Holland. The $4 million investment and retrofitting of an existing structure will add new production capabilities to the company’s existing Desha County operations. It’s expected to support 65 new jobs.

Arkansas Economic Development Commission Director Mike Preston says that adds up to quite an impact for a small town.

rice fields
Mickey Liaw / Flickr.com

After efforts to normalize trade relations between the United States and Cuba were stalled by President Donald Trump, members of Arkansas’s Congressional Delegation have set their sights on a new trade partner: China.

Gov. Asa Hutchinson is beginning a two-day agriculture tour of farms in the rice-producing regions of east and northeast Arkansas. A statement from the governor’s office says he plans to discuss critical issues for the agriculture community, including flooding this year, row crop farming, and the possibility of rice sales to China.

Governor Hutchinson and the Arkansas Research Alliance (ARA) gave recognition to five university researchers in the state by awarding them an ARA fellowship that comes with a $75,000 grant.

The ARA Fellows program supports distinguished researchers already working at one of the five research universities in the state, including Arkansas State University, University of Arkansas in Fayetteville, University of Arkansas at Little Rock, University of Arkansas for Medical Sciences, and University of Arkansas at Pine Bluff.

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