Arkansas Economy

Local & Regional News
3:47 pm
Wed May 1, 2013

Arkansas Officials Revise Forecast, Surplus Figures

Arkansas finance officials are predicting the state will end the next fiscal year with a $13.8 million surplus. The Department of Finance and Administration on Wednesday released its revised forecast for the current and next fiscal year. 

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Local & Regional News
6:17 am
Wed May 1, 2013

Regional Economic Survey Index Dips For Arkansas And Other States

Mid-America Business Conditions Index

A monthly economic survey index for Arkansas and eight other Midwest and Plains states dropped last month but continues to suggest improving economic growth for the region. 

The Mid-America Business Conditions index hit 56.8 in April, compared with 58.2 in March. The confidence index rose to 59.9 last month from 58.2 in March.

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Local & Regional News
6:12 am
Mon April 29, 2013

Arkansas Tax Cut Package Includes Special Breaks For Some

Gov. Mike Beebe
Credit Nathan Vandiver / KUAR

All taxpayers in Arkansas will see their rates reduced through a $140 million package adopted during this year's session, but the new laws also include special breaks for varied interests.

Volunteer firefighters, manufacturers, farmers and armed service members are among the groups to see additional breaks through the dozen tax cut bills that legislators approved and Gov. Mike Beebe signed into law before wrapping up the session last week. 

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Senators Seek Security, Economic Reforms
5:15 pm
Wed April 24, 2013

Boozman And Pryor Discuss Boston Bombings, Sales Tax On Internet Purchases

left to right: Mark Pryor and John Boozman

In the aftermath of the Boston Marathon bombings, U.S. Senator John Boozman of Arkansas says lawmakers must take a closer look at the nation’s visa system. He says his colleagues also have to make sure intelligence and security agencies are sharing important information that could stop future attacks.

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Economic Development
5:02 pm
Tue April 16, 2013

Arkansas Legislature Approves Steel Mill Funding

Arkansas is set to provide a new steel company with $125 million in financing and tax breaks to build a mill in the northeast part of the state now that the Legislature has given final approval to the plan.

Unequal Pay In Arkansas
10:02 am
Mon April 8, 2013

Report: Gender Wage Gap Increases For Women Of Color In Arkansas

National Women’s Law Center

A report by the National Women’s Law Center, a research and advocacy group, shows inequalities in pay between male and female workers persist in Arkansas and every other state.

Fatima Goss Graves worked on the comprehensive analysis of the gender wage gap. She says findings also show larger pay disparities for women of color in Arkansas.

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New Jobs In Arkansas
3:59 pm
Fri April 5, 2013

500 New Jobs In Fort Smith, Arkansas Starting July

Credit kangarealty.com

Fort Smith’s Regional Chamber of Commerce says hundreds of new jobs will be created in the city.

In July, a new Health Management Regional Service Center will employ 500 people and generate more than $21 million in gross annual compensation.

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4:53 pm
Thu April 4, 2013

HMA Center To Bring 500 Jobs To Fort Smith

Lead in text: 
Roby Brock of TalkBusiness.net has this report on a Fort Smith call center creating more than 500 jobs in Arkansas.
Health Management Associates (HMA) will operate a regional service center in Fort Smith that will employ more than 500 with average annual salaries potentially exceeding $40,000. It's just what the doctor ordered for a regional economy that has seen better days.
Big River Steel
4:37 pm
Wed April 3, 2013

State Economic Dev. Director Says Big River Steel Isn't Without Risk

An Arkansas House Committee passed a proposal Wednesday to offer $125 million to a steel company to locate in the state.

The House Agriculture and Economic Development Commission advanced on a voice vote a bill that would give the state the authority to use state money for economic development to provide infrastructure, training and tax credits for Big River Steel, which would be located in Osceola.

State Economic Development Director Grant Tennille told lawmakers the plan isn’t without risk, but whether it fails or not, would be an economic benefit to the state.

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Arkansas Revenue
11:44 am
Tue April 2, 2013

Arkansas Revenue Down In March Compared To 2012

Arkansas revenues in March of this year dropped below last year’s figures. However, individual income tax refunds were up last month at $10.1 million and that’s $5.4 million above forecast.

John Shelnutt, an economist with the Arkansas Department of Finance and Administration, says income tax refunds are finally catching up after being low in January and February. He says figures aren’t where they were in 2012, but that should even out in April.

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