Arkansas Economy

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.

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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Local & Regional News
9:35 am
Mon November 4, 2013

Nucor Challenge To Big River Steel Air Permit Will Delay Superproject

A challenge to Big River Steel’s air quality permit by Nucor Steel will delay or could trip up the $1.1 billion superproject planned for northeast Arkansas, but state officials expressed confidence that the steel mill will go forward.

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Local & Regional News
4:49 pm
Fri November 1, 2013

Arkansas Home Sales Up 18 Percent From Last Year

The Arkansas Realtors Association said Friday that home sales are up 18% from this time last year.

Realtor Carolyn Cobb with Coldwell Banker says several things have contributed to the market’s current success.

"Factors just being interest rates remaining low, and people moving before school starts or getting houses closed so they can get their children in school," said Cobb. 

Cobb says the Arkansas housing market experienced a decrease in 2006 and is now leveling off. But the average price for the 43 county area surveyed was down about $1,500 from last year.  

Local & Regional News
1:26 pm
Sun October 27, 2013

Congressional Action May Affect Navigable Rivers In Arkansas

A barge maneuvers through the Murray Lock and Dam on the Arkansas River.

A bipartisan piece of legislation now moving through Congress addresses the nation’s navigable waterways and could have a significant effect on Arkansas. Last week the U.S. House of Representatives passed the Water Resources Reform and Development Act of 2013, a bill similar to one passed by the Senate in March.

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Local & Regional News
1:37 pm
Thu October 24, 2013

New Study Combines Education Stats With Personal Stories From Arkansas Women

Kristy Carter, Executive Director of Outreach and Community Engagement at the University of Central Arkansas.
Credit Malcolm Glover / KUAR

All this week, the Women’s Foundation of Arkansas, a statewide philanthropic organization, is hosting a series of activities to mark its major annual fundraising event.

The Power of the Purse luncheons in Central and Northwest Arkansas honor women’s accomplishments and raise money for programs that are improving the lives of women and girls in the state. The final event is Friday in Little Rock. 

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