economy

Wikipedia.org

O’Reilly Hospitality Management has been rejected again for getting A&P funding for the Arkansas State University Hotel and Convention Center Project. 

YouTube

  The U. S. Senate has passed the 2017 Transportation Appropriations Bill in which includes a provision to designate a portion of U.S. 67 as “Future I-57”.  Senator John Boozman (R-AR) authored the provision to the bill earlier this month.  Boozman told fellow lawmakers on the Senate floor Wednesday about the support the measure has received from communities along US 67.

Arkansas State University

  O’Reilly Hospitality Management is asking the Jonesboro Advertising and Promotions Commission to reconsider supporting the Arkansas State University convention center project. 

In March, the A&P Commission voted to fund the Keller Hyatt Place Hotel and Convention Center project to be located near I-555 along Browns Lane.  The 159-bed hotel and convention center is expected to cost about $27 million.

Johnathan Reaves, KASU News

Officials with the Arkansas World Trade Center are coming to Jonesboro next week.  President and CEO Dan Hendrix will tour several companies next Thursday and will have a meeting with the City of Jonesboro and the Jonesboro Regional Chamber of Commerce at the Cooper Alumni Center that day at 4:30 pm.  Jonesboro's Chief Financial Officer Suzanne Allen tells about the Arkansas World Trade Center:

She tells about the significance of having the Arkansas World Trade Center in Jonesboro:

Brandon Tabor, KASU News

  While the Property Maintenance Code and the Jonesboro Police salary issue received a little attention at Thursday night’s Alderman Debate, one theme took center stage more than any issue.

The 5 candidates (Phil Cook, Dr. Richard Wang, Captain James Boweman, Joseph Woodbury, and Bobby Long) running for the Jonesboro City Council Ward 6, Position 1 seat felt there should be more transparency between the city government and its citizens.

Also discussed at the debate were minority issues, infrastructure, and economic development.

Pixabay

The United States continues to work with other countries in ironing out the details of the Trans-Pacific  Partnership agreement.  On Monday,  Tom Vilsack,  U.S. Secretary of Agriculture, met with agricultural leaders in Vietnam to discuss the agreement.  

Vietnam is one of 12 countries involved with the TPP and is considered as one of the fastest growing agricultural markets for the U.S.  Some of the top products for the Vietnam market are grown in Arkansas, such as cotton, rice, and soybeans.  

Pixabay

Craighead County joins cities such as Fayetteville and Rogers in recording double digit revenue increases for April. 

The Jonesboro Sun reports a 14% increase in county sales tax revenue this month compared to last April.  County officials say the county’s 1% sales tax brought in over $1.6 million in April. 

Jonesboro saw a 13% increase in its sales tax revenue which equates to more than $1.3 million . 

Sales tax collections across Arkansas were up by 7.8%, according to the state Department of Finance and Administration.

Courtesy boozman.senate.gov

U.S. Senator John Boozman (R-AR), in his monthly visit with KASU, talked about the candidates for President, international tensions, and meetings this week with the Jonesboro Chamber of Commerce and Arkansas veterans. Click on the Audio link to hear the entire interview.

Pixabay

Dealing with a downturn in the agricultural economy is the big topic of discussion at the third annual Agricultural and Environmental Law Conference.

Conference spokesman and National Agricultural Law Center Director Harrison Pittman says Mid-South agriculture is uniquely impacted by changes in state, federal, & international policies.  He says the goal is to bring awareness to how those changes affect the industry.

Pixabay

  While Craighead County has seen small gains in March sales tax revenue compared to last year, revenue in Jonesboro shows a small decrease.

The Jonesboro Sun reports the 1% county sales tax brought in $1,369,216, an increase from March 2015 of 0.32%.

Jonesboro only earned $1,237,155 from its separate sales tax revenue; a decrease of $8,591 from March 2015.

City Water and Light officials say the decrease in the city sales tax could be contributed to an 8% decrease in January electricity sales.

FMH Conveyors Expansion to Create Jobs in Jonesboro

Mar 23, 2016
Brandon Tabor, KASU News

 

  FMH Conveyors will be expanding their Jonesboro operations to the new lot on Highland Drive.   The announcement was made at Wednesday’s unveiling ceremony at the Hames Room in the Arkansas State University Convocation Center. 

Company officials announced they will invest $12.5 million in a new 195-thousand square foot facility.  The expansion is expected to create 110 new jobs for the region.

Crawford Delivers Cuba Bill Update at Agri Roundtable

Mar 23, 2016
Wikipedia.org

U. S. Representative Rick Crawford told state agricultural leaders Tuesday his believes his Cuba bill could get passed sometime next year. 

Talk Business and Politics reports the Jonesboro Republican addressed participants via Skype at the Cuba Consortium Agriculture and Food Roundtable.

Crawford said his bill could also be moved as a stand-alone bill after the November elections during the lame duck session. 

Brandon Tabor

  A grant worth $404,983 has been awarded to Arkansas State University from the Delta Regional Authority.

Federal Co-Chairman Chris Masingill notified Chancellor Dr. Tim Hudson about the award Tuesday. 

This announcement will assist the University with site preparation and improvements of the 11-acres where Arkansas State's new Embassy Suites hotel, convention center, and Houlihan's Restaurant will be located. 

The location is  the former track and field complex on campus.

O'Reilly Hospitality Management has announced that it is moving forward with plans to build a 202-room Embassy Suites Hotel and a 40,000 square foot convention center, as well as a Houlihan's Restaurant. 

TimO'Reilly, CEO and Managing Member of O'Reilly Hospitality says they are finalizing their Embassy franchise application and will turn in a financial package in the next 30 days. 

He says the project has received a "significant grant" from the Delta Regional Authority and is partnering with Arkansas State University to make the project a reality. 

governor.arkansas.gov

Arkansas Governor Asa Hutchinson is set to be in Jonesboro this week as part of an announcement of a new industry coming to the city. 

The Jonesboro Sun reports Hutchinson will be in town at Wednesday’s ceremony along with Jonesboro Unlimited at the Hames Room at the Arkansas State University Convocation Center. 

The Metropolitan Area Planning Commission is expected to review the plans from the unknown company Tuesday. 

Brandon Tabor, KASU News

UPDATE 3/29/16:

Road work continues this week on Red Wolf Blvd between Johnson and Aggie. 

On Tueday, the inside southbound lane and both northbound lanes are open.  The outside southbound lane is closed as construction begins to create a 200-foot deceleration lane for right turns on to Alumni Blvd. 

Last week, crews worked to remove the median and create a turning lane.  City officials say the project which was estimated to take 2 weeks is now ahead of schedule.

Brandon Tabor, KASU

If the city had the money, what do you want to see happen to blighted areas?   

That was the question University of Memphis School of Architecture students and Kansas State University Technical Assistance to Brownfields representatives were asking citizens as they discussed 4 areas in North Jonesboro.  The areas are located along the railroad corridor expanding from Arkansas State University to Riceland foods.

Arkansas State Chamber of Commerce

Meet Scott Calloway:

“I went to the University of Georgia.  I was a marketing major, and it's funny because as soon as I got out of school there was no job for me.”

Calloway’s story is similar to many students who graduated from a four-year-institution.  After graduating from high school, he went to a four-year institution to get his degree in marketing.  He said he felt like he had to go there in order to become successful out of peer pressure. 

Youngsters  will soon have the opportunity to tour a mobile workshop designed to encourage young people to seek careers in technical fields. 

The 18-wheeler is part of the “Be Pro, Be Proud” initiative launched last week by Arkansas Governor Asa Hutchinson, the Arkansas State Chamber of Commerce, and other state economic agencies and businesses. 

The trailer features interactive displays and information on various careers including becoming an electrician or an H-VAC technician. 

Craighead County officials report a 2.88% increase in sales tax revenue for February; outperforming the state’s 2.3% increase.  

The Jonesboro Sun reports the county collected $1,956,723 from the 1% sales tax, which will be shared with the county’s 10 municipalities. 

Jonesboro also reported a 2.69% increase in the city’s separate 1% sales tax; earning $1,807,225. 

The numbers for February include activities from December.

Noranda Goes Bankrupt; Closes 3rd Pot Line

Feb 8, 2016
Wikipedia.org

Noranda Aluminum announces today they are filling for chapter 11 bankruptcy and will shut down their third remaining pot line in New Madrid, Mo. 

KAIT-TV reports company officials said they will continue work on the 3rd primary pot line until March 2016, then operations will be reduced.  Noranda said work could restart if business conditions improve. 

Johnathan Reaves, KASU News

St. Bernards Healthcare announces a $130 million expansion in downtown Jonesboro.  The Master plan will be done in four phases.  The plans include the Ben E. Owens Cancer Treatment Center and the Heartcare Center---the center will be named after a former president and CEO of St. Bernards.

U.S. Senator John Boozman (R-AR) discussed the next steps on the Farm Bill, delays to Obamacare, and the President's renewed focus on the economy, in this month's visit with KASU's Mark Smith. Click on the "Listen" link for the whole interview.

KASU previews Highway 49 series

Mar 9, 2012

KASU's Johnathan Reaves has been working on an extensive series of stories about the major construction and development going on along Highway 49 on Jonesboro's north side. The series starts Monday, with a new story each day at 7:30 a.m., during Morning Edition. Marty Scarbrough talked with Johnathan about this series. Here is their conversation....

U.S. Senator John Boozman, a Republican from Arkansas, talked about the upcoming State of the Union address, criticized some of President Obama's recent decisions, and discussed other election year issues, in his monthly visit with KASU. Click on "Listen" for the full interview.

Pages