Arkansas Economy

Local & Regional News
8:57 am
Wed January 22, 2014

Damaged Bridge Stops Barge Traffic On Arkansas River

Barge traffic is shut down on the Arkansas River in western Arkansas after damage was discovered on a railroad bridge.

Officials say two broken cables tilted the northern end of the bridge in between Fort Smith and Van Buren. Train crews discovered the dysfunctional rail late Monday when a northbound train was heading back from Fort Smith.

The cables are used to raise and lower the bridge.

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Local & Regional News
4:15 pm
Wed January 15, 2014

Arkansas Gas Prices Continue To Drop

Gasoline prices are down in many parts of Arkansas, due to seasonal changes. In the Little Rock area, some stations are selling gas at $2.95 a gallon.

According to Mike Right with the AAA Auto Club, continuing price fluctuations are also driven by a glitch in the distribution system.

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Arkansas Real Estate
6:04 am
Wed January 8, 2014

Fewer November Home Sales In Arkansas, 2013 Good Overall

November 2013 wasn’t a very good month for home sales in Arkansas. The number of single family residences sold decreased by about two percent compared to the same period the previous year. Despite that drop, data still show that the total number of home sales last year had been outpacing 2012. Bob Walker, realtor for Coldwell Banker and past president of the Arkansas Realtors Association, says November 2013 was largely an anomaly and he expects home sale numbers to continue to rise.

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Economy & Society
4:01 pm
Mon January 6, 2014

Recovery Still Slow In Central Arkansas, Says Study

Central Arkansas is still struggling to recover from the great recession, but encouraging trends show possible future growth in some industries. That’s according to a recent report by Metroplan. It shows that in 2013, population growth outpaced job growth in the Little Rock metro area, pointing to a slow recovery. Furthermore, the study found that young adults in central Arkansas are increasingly opting to live in urban, densely populated locales.

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Local & Regional News
11:37 am
Thu January 2, 2014

Arkansas Voters May Decide Minimum Wage Increase

Organizers of an effort to raise the minimum wage in Arkansas are awaiting Attorney General Dustin McDaniel’s decision on their proposed ballot measure.

The group, Give Arkansas A Raise Now, wants to increase the state’s minimum wage from $6.25 an hour to $8.50 an hour over a three-year-period. Stephen Copley oversees the campaigns efforts. He says growing economic inequality is a serious issue.

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Local & Regional News
12:57 pm
Wed December 18, 2013

HP To Hire 200 More Workers For Arkansas Facility

Governor Mike Beebe listens, as Conway Mayor Tab Townsell speaks during Wednesday's announcement.
Credit Chris Hickey / KUAR

Hewlett-Packard says it will be adding around 200 highly skilled jobs to its facility in Conway. Governor Mike Beebe, Conway Mayor Tab Townsell and HP executive John Herzog joined state economic development officials in making the announcement at the state capitol. The 200 highly skilled tech jobs—said to consist of engineers, software developers, data analysts and the like—would be a part of HP’s growing healthcare information business. Beebe said Conway is a perfect fit for these positions because of its young, educated demographic and its centers of higher education.

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Local & Regional News
11:12 am
Thu December 12, 2013

Boozman Will Not Support Bipartisan Budget Deal In Congress

U.S. Senator John Boozman of Arkansas

Some conservative advocacy groups and Tea Party supporters in Arkansas and elsewhere are not pleased with measures outlined in a new bipartisan budget agreement.

They are concerned that the measure does not balance the budget, nor does it include major reforms to Medicare and Social Security. 

U.S. Senator John Boozman of Arkansas says he understands the criticisms and will not be supporting the deal.  

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Local & Regional News
5:57 am
Wed December 11, 2013

Arkansas Labor Unions Urge Policy Changes

Labor unions and their supporters are encouraging Arkansas legislators and federal lawmakers to close policy loopholes they say favor corporate interests over small businesses and workers’ rights.

A report released by the Economic Policy Institute and the American Federation of State, County, and Municipal Employees, or AFSCME, shows changes in the tax code could result in a fairer system that strengthens economic growth.

Jim Nickels represents an AFSCME Council in Arkansas.

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Local & Regional News
5:38 am
Mon December 2, 2013

Delta Regional Authority To Announce Investment

Delta Regional Authority officials are to join with local officials in southeastern Arkansas to announce a $175,000 investment to provide for training of healthcare professionals in the region.

The announcement is scheduled for 12:30 p.m. Monday at the Walnut Lake Country Club in Pickens, just south of Dumas. The investment is intended to help employees at the Delta Technological/Education Center in Dumas receive training that will allow them to train healthcare workers.

Local & Regional News
1:07 pm
Mon November 4, 2013

State Revenues Above Forecast In October

State finance officials attribute higher revenues to increases in individual and corporate income tax collections.
Credit flickr.com

The Arkansas Department of Finance and Administration released a report Monday showing the state continues to exceed revenue expectations for this fiscal year. The state collected 372.8 million dollars in net available revenue in the month of October, outpacing expected collections by about 8 million dollars. So far the state has collected 37.8 million dollars above forecast for the entire fiscal year which began July 1.

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