Arkansas Economy

A study by a tourism research company shows visitors to Hot Springs spent more than $520 million last year.

The Sentinel-Record reports senior vice president Michael Erdman of Longwoods International presented the company's report Monday at the Hot Springs Convention Center. About 4.9 million trips were taken to Hot Springs in 2013. That includes 2 million overnight trips and 2.9 million day trips.

Erdman says overnight visitors spent money in lodging and food, while daytime tourists use money for shopping.

Hearing On Big River Steel In State Senate Chamber 2013
Nathan Vandiver / KUAR

Nucor Steel has filed a lawsuit in federal court that attempts to block a competitor from opening a mill in Mississippi County.

Nucor sued Big River Steel on Monday in Jonesboro. Big River is planning a $1.3 billion steel mill south of Osceola that would employ more than 500 workers.

Nucor accuses Big River of violating the federal Clean Air Act in the lawsuit. Nucor operates two steel mills outside of Blytheville and says pollutants from the Big River mill would negatively affect its workers productivity.

ADEQ Logo
uark.edu

The Arkansas Department of Environmental Quality has set a meeting to present the results of a recent statewide modeling analysis for air pollutants The Aug. 20 presentation at the agency's North Little Rock office is open to the public.

A new report by the federal Bureau of Economic Analysis shows that total consumer spending in Arkansas continues to lag behind much of the nation. The rate of growth in consumer spending, meanwhile, is keeping pace with the rest of the country, notes Michael Pakko, senior economic forecaster for the state of Arkansas.

He says the new state-by-state data gives a more localized picture of the economy over fifteen years (from 1997-2012), including the recovery from the most recent recession.

Arkansas finance officials say sluggish corporate and sales tax collections pushed the state's revenue below forecast and the same month last year as it began the fiscal year.

The Arkansas Department of Finance and Administration on Monday said the state's net available revenue totaled $403.1 million, which is $7.1 million below the same month last year and $9.8 million below forecast. Arkansas' fiscal year began July 1.

Chris Hickey / KUAR News

After the general counsel for National Labor Relations Board said this week fast-food chain McDonald’s could be held liable along with its franchises for any labor violations, a demonstration was held outside one Little Rock restaurant on Friday.  

A group advocating alcohol sales in dry Arkansas counties says it hasn't gathered sufficient support in Faulkner and Craighead counties but has enough signatures in Saline County to be placed on the November ballot.

The group Our Community Our Dollars needed to collect signatures from 38 percent of voters in each county.

A separate group named Let Arkansas Decide still seeks a statewide ballot measure to allow alcohol sales in every county. Last month the group met an initial signature count and is working to collect additional signatures this month.

An association representing some of the world’s largest energy producers released a study Thursday claiming a possible new ozone regulation could be costly for Arkansans. The finding is disputed by leading environmental groups in the state.

A company that makes aluminum wheels for cars and other vehicles says it will shut down its manufacturing plant in Rogers, eliminating 500 jobs.

Superior Industries International Inc. announced Wednesday that it expects to cease operations at the Rogers plant by the end of this year. Work done at the plant will be shifted to other Superior facilities in Fayetteville and in Chihuahua, Mexico.

Arkansas is hosting its annual back to school sales tax holiday this weekend.

State and local taxes won’t be charged on Saturday and Sunday for clothing that is less than $100 per item and school-related merchandise. A complete list of items and exceptions can be found here.

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