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NASHVILLE, Tenn. (AP) — Gov. Bill Haslam is headed to Europe next week to try to recruit more foreign investment in Tennessee.

Haslam and Economic and Community Development Commissioner Bob Rolfe plant to visit the United Kingdom, the Netherlands, Sweden, Finland and Germany. They are scheduled to leave on Monday and return June 30.

More than 500 European businesses operate in Tennessee, employing about 62,000 people. More than $3.8 billion has been invested in the state by European companies since 2011.

In the midst of an overseas trade mission, Gov. Asa Hutchinson spoke to reporters Wednesday about his meetings with industry leaders in Germany and France. Via teleconference from Frankfurt, Germany, Hutchinson said he’s trying to quell anxiety among European business leaders who are concerned about the anti-globalist rhetoric of President Donald Trump.

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Several businesses are in talks with Walnut Ridge officials about possibly building in the town…this only a month after U-S Senator John Boozman announced that U-S Highway 67/167 now has a “Future I-57” designation.  

Talk Business and Politics

A split Jonesboro City Council did not pass an ordinance that would have allowed for a large apartment complex to be built on South Caraway Road in Jonesboro.  The vote was 6 voting for the project and 5 against the project...the ordiance needed 7 votes.  Alderman Chris Gibson was absent for the meeting.  The complex would have established 300 multi-family units.  The property is currently zoned for commercial property and the request was for the area to be rezoned for residential property.

Arkansas Medical Marijuana Commission meeting veterans might have looked around the board room inside the Alcohol Beverage Control Division last week and wondered where the dreamers went. Gone were the cowboy boots and branded T's, the men (some women, not many) who clearly are interested in marijuana and, if given the chance, the business of growing it and selling it — legally. They were replaced by lawyers and other men and women in suits.

JEFFERSON CITY, Mo. (AP) — Missouri officials say that nearly all state tax refunds should be delivered by June 30.

The Missouri Department of Revenue said Thursday the only unpaid returns should be those that were flagged for various reasons.

Brandon Tabor, KASU News

LITTLE ROCK, Ark. (AP) — Arkansas will soon begin taking applications from those who hope to grow and dispense medical marijuana, though the state's strong religious heritage and restrictions imposed by the Legislature will limit where greenhouses and distributors can operate.

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JEFFERSON CITY, Mo. (AP) — Missouri's recent special legislative session cost taxpayers more than $66,000.

Gov. Eric Greitens called lawmakers into special session to authorize discounted electricity rates for a steel-works facility and aluminum smelter that are considering opening near the southeastern Missouri town of New Madrid.

Lawmakers passed the legislation in one week, and tried to hold down costs by coming to the Capitol in Jefferson City only on the days when votes were scheduled.

OMAHA, Neb. (AP) — A monthly survey of business supply managers suggests a slight decline in the economic conditions for nine Midwest and Plains states, according to a report released Thursday.

The Mid-America Business Conditions Index report said the overall regional economic index dropped to 55.5 in May from 61.4 in April. The March figure was 60.1.

The survey results are compiled into a collection of indexes ranging from zero to 100. Survey organizers say any score above 50 suggests growth in that factor, while a score below that suggests decline.

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MEMPHIS, Tenn. (AP) — Kellogg Co. says it plans to shut down a distribution plant in Memphis and lay off 172 workers.

The company said Tuesday in a letter to the Tennessee Department of Labor and Workforce Development that the Memphis plant will close by the end of July.

The Battle Creek, Michigan-based company has said it would close 39 distribution facilities across the country, affecting more than 1,000 workers. The company says it is changing how it ships products.

Originally a cereal maker, Kellogg's also makes Eggo frozen waffles, Pop-Tarts and Pringles.

Talk Business and Politics

Jonesboro’s economic growth stumbled in recent months as sales and use receipts and building permit values declined. At least one of those indicators is on the rise again.

Northeast Arkansas’ hub city collected $1.48 million in sales tax in May, a 1.54% increase from the same month in 2016, according to city info.

Rural Arkansas has so much to offer in terms of picturesque surroundings and low cost of living that it should be marketed as the newest retirement hot spot, according to participants of the 2017 Rural Development Conference in Hot Springs this week.

Community leaders gathered at the Convention Center to discuss the quality of life issues for rural residents, such as internet access, better-paying jobs and healthcare.

Despite the perception that health care appointments are hard to come by in rural Arkansas, county judge John Thomison said Lawrence County fares pretty well for medical care.

Pixabay

JEFFERSON CITY, Mo. (AP) — Ameren Missouri customers wouldn't likely see a significant increase in their monthly electricity bills under a proposal allowing manufacturers that use a lot of electricity to negotiate lower rates, according to a Missouri Public Service Commission staff analysis presented to a Senate committee Thursday.

Delta Regional Authority

Art and culture have always been a way of life in eastern Arkansas and now at least one organization thinks both can become economic drivers in the region.

Trump’s Proposed Cuts To Agriculture Could Have Dramatic Impact On Arkansas

May 25, 2017

President Donald Trump’s proposed $4.1 trillion budget includes deep cuts to the United States Department of Agriculture, and Arkansas farmers could feel the squeeze.

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JEFFERSON CITY, Mo. (AP) — The Missouri House on Wednesday advanced a bill that would allow manufacturing companies to negotiate lower electricity rates than currently allowed, a measure supporters say could bring hundreds of jobs to the southeastern corner of the state but critics argue would raise rates for utilities customers.

By JOSH BOAK, AP Economics Writer

WASHINGTON (AP) — Solid hiring nationwide led unemployment rates to touch record lows in three U.S. states last month.

The Labor Department says unemployment rates declined in 10 states in April, increased in one — Massachusetts — and held relatively stable in the other 39. A significant number of the job gains occurred in nine states, led by Texas, Minnesota and Wisconsin. Indiana was the only state to see a significant decrease in jobs last month.

Pixabay

By KATIE KULL and DAVID A. LIEB, Associated Press

JEFFERSON CITY, Mo. (AP) — Missouri Gov. Eric Greitens announced Thursday that he's calling lawmakers back to work about a week after the end of their regular session to discuss legislation that could make it easier to open a new steel plant and reopen an old aluminum smelter in rural southeast Missouri.

Ten Republicans and six Democrats have been named to serve on a legislative task force that will recommend tax cuts before the 2019 session.

House Speaker Jeremy Gillam and Senate President Jonathan Dismang on Monday named their appointees to the Tax Reform and Relief Legislative Task Force, created as part of a $50 million income tax cut plan approved by lawmakers this year.

A water wall is moving down the Black River and parts of Northeast Arkansas are bracing for the worst floods in generations. At least 300 people were evacuated from eastern Pocahontas on Monday as the river continued to rise, fueled by weekend rains in southern Missouri.

Brandon Tabor, KASU News

LITTLE ROCK, Ark. (AP) — The Arkansas Board of Health has unanimously approved rules that govern the issuance of marijuana-user registration cards, and the labeling and testing of the drug.

Robert Brech, the Department of Health's chief attorney, tells the Arkansas Democrat-Gazette (http://bit.ly/2ptmqy5) the department's staff made a few technical revisions since receiving board approval in January before submitting the final version of the rules Thursday.

A lawsuit has been filed against the general contractor of the Hyatt Place Hotel and Convention Center in Jonesboro.

The Sun reports Midsouth Steel Inc. is suing Construction Network Inc. for a breach of contract in the project to be located near Interstate 555.  Midsouth is seeking nearly $430,000.

WASHINGTON (AP) — Unemployment rates fell to record lows in four U.S. states in March after months of steady job creation nationwide.

Unemployment rates fell in 17 states in March and were mostly unchanged in 33, the Labor Department said Friday. Employers added a significant number of jobs in just three states last month and cut them in four. Employment was mostly unchanged in the other 43 states. Hiring nationwide was weak in March but strong in the previous two months.

After lien filings from 2 companies and an ultimatum from the Jonesboro Advertising and Promotions Commission, another company has filed a lien against Northern Arkansas Hotel and Convention Center, LLC.

The Sun reports that HD Supply Construction Supply of Allen, Texas filed a lien against the company earlier this week.  The lien is in regards to the delayed construction of the Hyatt Place Hotel and Convention Center to be built near Interstate 555 on Browns Lane Access Road.

pixabay.com

One of the proposed convention centers in Jonesboro may not get built if the developer doesn't meet a deadline next month.

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