Arkansas Economy

Local & Regional News
2:49 pm
Tue September 23, 2014

Conference Looks At Best Ways To Attract More Companies To Arkansas

Gov. Mike Beebe speaks at Tuesday's Jobs Now conference in Little Rock.
Credit Michael Hibblen / KUAR News

Finding the best ways to attract new businesses to Arkansas was the topic of a conference held Tuesday in Little Rock. 

More than 500 business leaders, educators, state lawmakers and others took part in the Jobs Now conference, looking at what is working and the challenges the state will continue to face.

Gov. Mike Beebe told them the key is having a properly trained workforce.

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Local & Regional News
7:11 pm
Mon September 22, 2014

Lawsuit Filed To Try And Keep Arkansas Minimum Wage Proposal Off Ballot

A lawsuit has been filed with the Arkansas Supreme Court aiming to block from the November ballot a proposal to gradually raise the state's minimum wage.

The lawsuit filed Monday asked justices to prevent the state from putting on the ballot the proposed initiated act, which would raise the state's minimum wage from $6.25 an hour to $8.50 an hour by 2017. Election officials earlier this month certified the measure for the ballot.

The lawsuit claims the state used the wrong deadline for accepting petitions for the measure, and also challenges the signatures submitted.

Local & Regional News
5:36 pm
Mon September 22, 2014

Groundbreaking Held For $1.3 BIllion Steel Mill In East Arkansas

From left to right is Osceola Mayor Dickie Kennemore, Mississippi County Judge Randy Carney, Big River Steel and Recycling Facility CEO John Correnti, Arkansas Governor Mike Beebe, Reverand Tommy Carney and Grant Tennile, Executive Director of the Arkansas Economic Development Commission.
Credit Johnathan Reaves / KASU News

Work is officially underway to build a $1.3 billion steel mill in east Arkansas that officials believe will provide an economic boon for the region.

"Big River Steel is here!" Mississippi County Judge Randy Carney announced to applause during Monday's groundbreaking ceremony.  

Hundreds of dignitaries, including state and local officials, joined investors, contractors, vendors, and supporters during the event near Osceola.

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Local & Regional News
11:03 am
Fri September 19, 2014

Arkansas Jobless Rate Increases In August

State officials say Arkansas' unemployment rate rose slightly in August to 6.3 percent. It's the first time the state's jobless rate has increased in 2014.

The Arkansas Department of Workforce Services said Friday that August's rate crept up one-tenth of a percentage point over July's.

Local & Regional News
11:42 am
Wed September 17, 2014

Aircraft Interior Firm To Locate Facility In Arkansas, Create 75 Jobs

A French aircraft cabin interior manufacturer says it's spending $2.5 million to locate a new facility in Arkansas that will initially employ 75 people.

Beaudet Aviation announced Wednesday that the new facility located adjacent to the Bill and Hillary Clinton National Airport will supply Dassault Falcon Jet with completion work for its Falcon models. Beaudet Aviation is a subsidiary of JCB Aero.

Dassault Falcon broke ground earlier this month on a $60 million expansion of its private jet finishing plant.

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Local & Regional News
8:23 am
Fri September 5, 2014

Boozman To Fight EPA Clean Air Plans Through Appropriations

U.S. Sen. John Boozman (R)
Credit Jacob Kauffman / KUAR

Senator John Boozman said he plans to fight back against air pollution regulations proposed by the Environmental Protection Agency. The Republican from Rogers spoke to the Arkansas State Chamber of Commerce and Associated Industries of Arkansas in Little Rock Thursday praising their influence and promising to try and halt the EPA’s plan to reduce carbon emissions in the state 44 percent by 2030.

Boozman, as he has done in the past, doubted the science behind carbon emissions and pointed to economic concerns.

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Local & Regional News
6:04 pm
Thu September 4, 2014

Local Fast Food Workers Join Nationwide Strike, 11 Arrested

Credit Chris Hickey / KUAR News

As part of a nationwide strike, about 50 to 100 protestors gathered outside a McDonalds in downtown Little Rock Thursday, demanding higher pay for fast-food workers. Little Rock Police say 11 of the protesters, who blocked off a portion of Broadway Street, were arrested for disorderly conduct after refusing to move back onto the sidewalk. 36-year old Twanna Scales is a divorced mother of three and works at the McDonalds on Broadway. She said the tactic of blocking traffic is meant to get people talking.

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Local & Regional News
5:44 pm
Wed September 3, 2014

Arkansas Minimum Wage Hike Is Placed On November Ballot

Steve Copley Minimum Wage Give Arkansas A Raise Now
Credit AETN

A measure to raise the state’s minimum wage will be on the November ballot, according to an announcement from the secretary of state’s office Wednesday. The measure, if passed by voters, would incrementally raise the state’s minimum wage of $6.25 an hour to $8.50 an hour by 2017.

Steve Copley chairs the group that put the issue on the ballot. He said now that the measure is on the ballot it’s time for Give Arkansas A Raise Now to regroup for the general election. 

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Local & Regional News
3:59 pm
Wed September 3, 2014

August State Revenues Beat Projections After Lackluster July

After lower-than-expected revenue numbers for the first month of the fiscal year, the state of Arkansas’s tax collections have picked up steam with the release of the latest monthly revenue report. The Department of Finance and Administration says that in August, the state collected $457 million dollars in gross general revenue and about $398.3 million in net available revenue. Both numbers come in above last year’s amounts and above this year’s forecast.

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Local & Regional News
3:21 pm
Tue September 2, 2014

Dassault Falcon Jet Breaks Ground On $60 Million Expansion

Dassault Falcon Jet
Credit wikicommons.org

Dassalt Falcon Jet held a groundbreaking ceremony Tuesday for a $60 million dollar expansion and improvement of its business jet competition facility near Little Rock's Bill and Hillary Clinton National Airport.

Andrew Ponzoni, communications manager at Dassault Falcon Jet said his company considered investing in other cities but decided on Little Rock because of the company's history in the city.

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