Arkansas Economy

Arkansas minimum wage
6:35 pm
Tue March 5, 2013

Arkansas Increase In Minimum Wage Fails In Committee

Arkansas Capitol

An effort to raise Arkansas' minimum wage failed to make it out of a House committee Tuesday. The measure by Democratic Rep. Butch Wilkins of Bono would have increased the state's minimum wage by two dollars to $8.25 for all employees, except part-time student workers at universities.

“I don’t think the facts will show that the minimum wage increase is really harmful to the economy,” said Wilkins.

Read more
Local & Regional News
5:29 pm
Wed February 27, 2013

Boozman And Pryor Urge State Dept. To Move On Keystone Pipeline

U.S. Senators John Boozman and Mark Pryor of Arkansas have joined a bipartisan coalition of senators who want quick approval of the Keystone XL Pipeline.


The pipeline would move oil from Canada to the Gulf Coast. Boozman says the group is urging Secretary of State John Kerry to approve the project within the first quarter of this year.

Read more
Sequester Arkansas
2:52 pm
Tue February 26, 2013

Sequester Not Immediately Felt In Arkansas and Nation

Analysts say Arkansas would lose millions of dollars in funding for crucial education, military readiness, and job training programs, if Congress and the president don’t reach a deal to avoid the sequester.


Though the automatic spending cuts go into effect March 1, the government won’t run out of money until March 27 and that’s only if a new funding measure is not passed. Additionally, the full impact of sequestration won’t be felt by Arkansans until April 4 when furloughs begin.

Read more
Sequester
5:14 pm
Wed February 20, 2013

Arkansans Ask Congress To Stop Automatic Cuts To Crucial Programs

Candis Collins wants members of Congress to stop the sequester.
Credit Malcolm Glover

The inability of Congress to reach an agreement on ending the sequester means some programs in Arkansas could suffer if mandatory spending cuts in defense and domestic programs go into effect March 1.

At an event in Little Rock Wednesday, various interest groups rallied together and encouraged lawmakers to act before it’s too late.

Chilly temperatures and freezing rain weren’t going to stop Candis Collins from voicing her concerns about looming federal cuts. She and others gathered outside Martin Luther King Magnet Elementary School in Little Rock.

Read more
10:01 am
Wed February 20, 2013

Economic Development Project Moves Forward

Lead in text: 
Arkansas Business has a report on the latest on Big River Steel Mill project.
The Arkansas Economic Development Commission expects to submit its $125 million incentive package for the Big River Steel mill project to the Arkansas Legislature on Thursday, an AEDC spokesman said on Monday.
National Museum Open In Arkansas
4:13 pm
Mon February 18, 2013

U.S. Marshals Museum To Be Open In Arkansas Will Cost $50 Million

Credit Flickr.com

Organizers of a planned U.S. Marshals Museum in western Arkansas are getting a big boost with a big donation.

The project in Fort Smith will cost $50 million, which covers the building, exhibits, endowments, and the first year’s operation cost.

Jessica Hayes, the museum Vice President, says its goal is to honor the nation’s oldest federal law enforcement agency in the country.

Read more
150 New Jobs For Arkansans
12:00 am
Wed January 30, 2013

The Expansion Of Custom Aircraft Cabinets Creates 150 New Jobs

Credit customaircraftcabinets.com

A Sherwood-based company that makes furnishings for airplanes on Wednesday opened a new facility.

It is also expanding its workforce, creating 150 additional jobs.

KUAR’s Kezia Nanda was at the grand opening. You can listen to her report above.

A large crowd was on hand as Custom Aircraft Cabinets opened the new facility on Landers Road, the building which had previously housed a National Home Center.

Mike Gueringer co-founded the company, which makes cabinetry and upholstery for aircraft, 24 years ago in North Little Rock.

Read more
Local & Regional News
4:37 pm
Tue January 29, 2013

Proposed Steel Mill Would Create 525 Jobs in East Arkansas

John Correnti, CEO of the proposed Big River Steel mill, speaks alongside Governor Mike Beebe and other state officials at the Capitol.
Credit Michael Hibblen

A major new employer will be coming to east Arkansas IF the legislature approves start-up funding for the project.

Governor Mike Beebe announced Tuesday that a much talked about super-project involves a steel mill in Osceola.

"It is a $1.1 billion investment.  It is 525 direct, immediate jobs with an average salary of $75,000 a piece," Gov. Beebe said to applause in a packed conference room at the Capitol.

About 2,000 temporary construction jobs would also be created as the mill is being built.

Read more
Tax Filing
12:00 am
Mon January 7, 2013

Tips From A Chief Tax Officer For Filing This Year's Tax Return

Credit Flickr.com

With taxpayers to soon be getting their annual tax statements, officials say there are several things to keep in mind. 

Mark Steber, the chief tax officer of Jackson Hewitt tax service, said, “The smart best practice is start early. Collect those documents that will be coming in the next few weeks, find yourself a preparer that you’re comfortable with… There’s no real reason to wait.”

Despite various opinions on the deal to avert the fiscal cliff, Steber says this is a good year for taxpayers. 

Read more

Pages