KASU

economy

City of Jonesboro

Representatives of Jonesboro, including Mayor Harold Perrin, flew to Springfield, Missouri, this week to share experiences and ideas in city stewardship.

“It was wonderful to see what’s going on in Springfield, and they have been through a lot of situations that are similar to issues we are dealing with in Jonesboro,” Perrin said. “We exchanged ideas on quality of life issues, things you can partner on with your local university, and public-private partnerships – a whole range of topics.”

Bill Essert hasn't lived in Arkansas in years. He's a businessman for an agriculture technology company in Cotati, California — BioTherm.

"What we do, we’re showing two things, the O2 Tube, which is all about dissolved oxygen and enhancing the amount of dissolved oxygen by infusing oxygen into your irrigation water, and the benefits of this is enhancing growth, plant growth, higher yields, less fungus and more yield for the amount of bud as well as higher levels of THC."

His parents still do, though. Live in Arkansas, that is — Conway. 

A diagram of the first floor of the Red Wolf Convention Center on Arkansas State University's Jonesboro campus.
Arkansas State University

Work will start soon on a convention center in Jonesboro.  

Jonesboro Mayor Harold Perrin told the Jonesboro City Council last night that construction work on a hotel and convention center on the campus of Arkansas State University will start in February.  The Jonesboro Advertising and Promotion Commission has received paperwork that included information about when construction will start and when it is expected to be complete. 

Wikipedia

NEW YORK (AP) - Wal-Mart Stores Inc. is changing its legal name effective Feb. 1 as it shifts away from physical stores in the age of Amazon's increasing dominance,

The world's largest retailer, based in Bentonville, Arkansas, said Wednesday it will change its legal name to Walmart Inc. from Wal-Mart Stores Inc.

It said the move underscores its growing emphasis toward online services and mobile shopping. It operates more than 11,600 stores and clubs under 60 different banners worldwide.

NASHVILLE, Tenn. (AP) - An analysis has found that substance abuse annually costs Tennessee more than $2 billion, with most of it attributed to lost income from people who've fallen out of the labor market.

LITTLE ROCK, Ark. (AP) - Arkansas finance officials say better than expected individual income tax collections helped push the state's revenue above forecast last month.

The Department of Finance and Administration on Monday said the state's net available revenue in November totaled $379 million, which is $1.7 million below the same month last year but $9.4 million above forecast. The state's net available revenue so far for the fiscal year that began July 1 is $2.1 billion, which is $26.8 million below forecast.

Talk Business and Politics

Tax cuts, the economy… it’s all the rage these days to discuss.  Roby Brock with Talk Business and Politics sits down with Randy Zook, CEO of the Arkansas State Chamber of Commerce to discuss his take on tax reform and where Arkansas legislators stand on the issue.


Talk Business and Politics

Roby Brock with Talk Business and Politics has the details on a potential Democratic challenger for Arkansas governor in 2018.  Plus, a speaker at the University Of Arkansas Clinton School Of Public Service discusses how America has been preparing for a nuclear disaster.  


Recently released FBI data shows Black Friday gun sales set a single-day record for background checks at just over 203,000. And a number of Arkansas stores are claiming strong sales through the holiday weekend and Cyber Monday as well.

Rusty Fisher with Sunrise Outfitters in Searcy says his shop was no exception.

Wikipedia

HUMBOLDT, Tenn. (AP) - Tyson Foods Inc. says it plans to build a new chicken production complex in Tennessee, a $300 million project that is expected to create more than 1,500 jobs when the facility begins operations in late 2019.

The Springdale, Arkansas-based company said Monday that the new plant in Humboldt, about 85 miles northeast of Memphis, will produce pre-packaged trays of fresh chicken for retail grocery stores nationwide. The company says it will help it meet strong consumer demand for its chicken.

Mike Wintroath / Arkansas Game and Fish Commission

The 60-day duck season starts this weekend in Arkansas.  The Arkansas Game and Fish Commission and the U-S Fish and Wildlife Service are predicting a record number of ducks to come into Arkansas.  Trey Reid is Assistant Chief of Communications with the Arkansas Game and Fish Commission.  He says a record 50-million ducks are expected to come south for the winter. Reid says that has followed a trend over the past several years.

LITTLE ROCK, Ark. (AP) - An Arkansas lawmaker says the Legislature's tax overhaul task force is looking to determine which of the state's sales-tax exemptions should be kept and which should be abandoned.

The Arkansas Democrat-Gazette reports that PFM Consulting Group presented a report to the task force Tuesday with 7-year-old state estimates of financial impact of the exemptions.

On the eve of a major decision by the state over the controversial weed killer dicamba, tensions are running high in Arkansas’s farming communities.

“This is probably the most divisive the agricultural community has ever been,” said Shawn Peebles, an organic farmer in Augusta. 

Peebles said he hasn’t personally sustained damage from dicamba drift but he is experiencing issues with companies no longer wanting to do business with Arkansas growers due to concerns about residue from the weed killer.  

Johnathan Reaves, KASU News

Jonesboro Unlimited announced that Hefei Risever Machinery Company is coming to Jonesboro.  The new manufacturing plant will be built in the Craighead Technology Park on East Highland Drive in Jonesboro.  Risever is a family-owned Chinese company that has three plants in China.  This announcement means it will be Risever’s first American plant.  General Manager of Risever Yonggang Lai says Jonesboro was chosen after more than 70 other cities were considered.

Convocation Center to be named First National Bank Arena

Oct 19, 2017
Johnathan Reaves, KASU News

This release from Arkansas State University's Athletic Department: 

JONESBORO, Ark. (10/19/17) – In recognition of a $5 million contribution by First National Bank to the Red Wolves Foundation, the Arkansas State University Board of Trustees voted Thursday to rename A-State’s multi-purpose facility currently known as the Convocation Center to “First National Bank Arena.”

Pages