Arkansas Economy

Gov. Asa Hutchinson announcing a $1 billion investment by a Chinese company in a Clark County paper mill.
Arkansas Business

Gov. Asa Hutchinson says the Chinese company Sun Paper will build a $1 billion bio-products mill in southern Arkansas, creating 250 jobs. Hutchinson was joined by Sun Paper chairman and founder Hongxin Li in making the announcement Tuesday.

Most key economic indicators in Arkansas’ three largest metro areas – central Arkansas, Fort Smith metro, and Northwest Arkansas – were moving in the right direction during the fourth quarter of 2015, according to The Compass Report. Compared to the fourth quarter of 2015, economic conditions were better in Central Arkansas, were significantly better in Northwest Arkansas, and showed signs of improvement in the Fort Smith metro. The quarterly Compass Report is managed by Talk Business &...

greencarreports.com

A service that tracks gasoline prices says the per-gallon cost of a gallon in Arkansas has risen eight cents in the past week, to an average of $1.90. In Little Rock, the price averaged $1.89. That price is down 34 cents from a year ago and down nearly two dollars from five years ago. An analyst for GasBuddy says prices climbed in 49 of 50 states last week amid speculation the price of crude oil would rise after a meeting of oil producers in Qatar during the weekend. Patrick DeHaan said that,...

Tyson
Tyson Foods

Tyson Foods Inc. has announced a proposal to build a new processing facility near its existing poultry plant in Green Forest. The Springdale-based company says the $136 million project is contingent in part on the approval of incentives from Carroll County and the Arkansas Economic Development Commission. The company says the project would create about 85 jobs once it's fully operational. The existing Green Forest plant now makes partially cooked chicken products - such as chicken nuggets -...

The Arkansas jobless rate fell to its lowest level in the state’s history in March, declining two percentage points from last’s month’s previous hallmark while adding more than 7,000 new workers.

Foreclosure activity in Arkansas’ three largest metro areas and in the nation is below recession-related highs, according to Irvine, Calif.,-based RealtyTrac.com. There were 289,116 U.S. foreclosure filings recorded in the first three months of the year, down 8% from a year ago, the lowest quarterly total since the fourth quarter of 2006. During the first quarter of this year foreclosure activity was well below pre-recession levels in 78 out of 216 U.S. metropolitan areas, including Northwest...

A handful of Little Rock businesses will be reducing their prices by 25 percent for female shoppers on Tuesday in support of national Equal Pay Day. Abby Olivier, a member of the Arkansas Equal Pay Coalition, says the idea of charging women less reflects current Arkansas earning statistics. “The Institute for Women’s Policy Research – they just put out an extensive report on the status of women in the south – t his came out just this past February. According to this report women in Arkansas...

Although Arkansas’ unemployment rate hit an all-time low in February, the percentage of unemployed working-age blacks across the state has steadfastly remained in double-digits following the Great Recession – dropping below 10% only a few times in the past nine years, according to jobless data culled from the U.S. Bureau of Labor Statistics. If the latest (BLS) figures are accurate, even after the normal revisions by the Labor Department, Arkansas is poised to drop below 10% for one of the...

Five of the metro areas had jobless rate declines compared to January, two were unchanged and one was higher than January.

Net available general revenue is more than 3 percent above where it was this time last year, and nearly $73 million higher than expected. That's according to a report released Monday by the Arkansas Department of Finance and Administration that details March revenue numbers. State economist John Shelnutt said the jump is in part because of a growth in sales taxes, and because of refund levels are $44 million lower than last year. "We saw the continuing benefits of refunds running below...

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