Arkansas Economy

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.
Credit flickr.com

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.
Credit flickr.com

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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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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