Arkansas Economy

Local & Regional News
5:37 am
Tue October 22, 2013

Supplier Meeting Set For NE Arkansas Steel Mill

Steel rods in bundles at a warehouse.

A meeting is set for companies interested in acting as suppliers to a $1.1 billion steel mill planned for northeast Arkansas.

The gathering is to run from 1 p.m. to 4 p.m. Wednesday at Arkansas Northeastern College in Blytheville.

The Jonesboro Sun reports that the Big River Steel project will need everything from construction help to running a cafeteria inside the plant.

Organizers project that the plant will create about 2,000 construction jobs and more than 500 permanent jobs once the plant is open.

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Local & Regional News
7:53 am
Fri October 18, 2013

Candidates For 2 Arkansas Races Speaking At Delta Caucus

Leading candidates for the U.S. Senate and governor's races in Arkansas are scheduled to speak at a conference in Memphis.

Two-term incumbent Sen. Mark Pryor, a Democrat, and the Republican opponent for his Senate seat, U.S. Rep. Tom Cotton, will speak Friday at the Delta Grassroots Caucus at the Agricenter in east Memphis.

Also scheduled to speak are former Congressmen Mike Ross and Asa Hutchinson, who are competing to replace Arkansas Gov. Mike Beebe.

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Local & Regional News
2:48 pm
Thu October 17, 2013

National Historic Sites Reopen Across Arkansas

Little Rock Central High School National Historic Site Visitor Center.

Hundreds of federal employees who work at agencies across Arkansas returned to their jobs Thursday, after being furloughed.

Some workers, particularly those who oversee National Park Service sites in the state, had been off the job for 16 days due to the partial government shutdown.

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Local & Regional News
9:13 am
Wed October 16, 2013

Recycling Company To Add Up To 75 Jobs In Arkansas

An electronics recycling company says it will open a processing facility in Forrest City, creating up to 75 jobs.

AMT E-Waste Solutions says it will open an electronics waste processing facility in the former Forrest City Grocery warehouse on Scott Street.

The company says it will give residents a safe method to dispose of electronics, such as televisions, computers and cell phones.

Chief Operating Officer Matt Person says the company will focus on serving eastern Arkansas, western Tennessee and northern Mississippi.

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Local & Regional News
12:00 pm
Tue October 15, 2013

Arkansas Farmers Feel The Impact Of The Government Shutdown

An Arkansas farmer working with row crops.

As the federal government shutdown continues, farmers in the state are increasingly concerned that gridlock in Washington, D.C. could negatively impact Arkansas products. 

Growers and producers in the state are currently partnering with federal researchers on a variety of agricultural studies. 

Travis Justice is a senior economist with the Arkansas Farm Bureau Federation. He says farmers in state also rely heavily on data from the USDA, information that has not been updated since the shutdown. 

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Local & Regional News
5:34 am
Tue October 15, 2013

Nearly 600 Arkansas Employees Idled Due To Shutdown

Arkansas finance officials say nearly 600 state employees are on furlough because of the federal government shutdown, but say that number could change as they double check figures with individual agencies.

Richard Weiss, director of the state Department of Finance and Administration, on Monday said that 590 state employees whose positions are paid for with federal funds were idled because of the shutdown that began Oct. 1.

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Big Data In Arkansas
4:41 pm
Fri October 11, 2013

Technology Company Establishes Center In Little Rock

CEO Ron Ford, flanked by Little Rock Mayor Mark Stodola (left) and Governor Mike Beebe (right), talks about his company, nGage Labs.
Credit Chris Hickey / KUAR News

A technology company that analyzes consumers’ personal data to help create specifically targeted mobile advertisements will be opening a center in Little Rock.  nGage Labs plans to hire 35 skilled workers at an average salary of $100,000 for its new site in the Rivermarket.

Ron Ford, CEO of the Scottsdale, Arizona-based company, told reporters at the Capitol Friday about his enthusiasm for the new expansion, an ‘Analytics Innovation Center’.

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Local & Regional News
3:01 pm
Fri October 11, 2013

Local Opinions About Federal Government Shutdown

As the federal government shutdown continues into its second week, people across the country are expressing their concerns. 

The coffee shop is a natural meeting point for conversation and debate, and Starbucks is taking advantage of this by offering a petition for people to sign. It calls for a bipartisan end the shutdown.

Kate Althoff, a self-described “professional volunteer,” said she is tired of the situation and believes others share her worry.

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Local & Regional News
12:01 pm
Fri October 11, 2013

Arkansas Teachers Help Students Meet Economics Standards With Support From The Federal Reserve

High school students review class assignment.
Credit Roy Kaltschmidt / Flickr

Arkansas high school students are now expected to pass a semester-long course in economics. The new state mandate is a requirement for graduation. 

In order to help students meet course standards, a coalition of groups created an economics curriculum and training sessions for teachers in the state.

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Local & Regional News
5:49 am
Wed October 2, 2013

Arkansas Says 955 Workers Furloughed Over Shutdown - So Far

Arkansas Capitol

Arkansas budget officials say state furloughs imposed because of the partial shutdown of the federal government has turned out to be not as deep as expected - so far.

Richard Weiss of the Department of Finance and Administration said Tuesday 955 workers were furloughed, according to figures from each agency. 

The Military Department lost 564 people while the Crowley's Ridge Technical Institute lost one.

Federal money helps pay for some state jobs. Gov. Mike Beebe warned on Monday that up to 2,000 state employees might be furloughed.

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