KASU

Economy & Business

Arkansas Scholarship Lottery Director Bishop Woosley talking with Roby Brock
Talk Business and Politics

The Arkansas Scholarship Lottery, a once troubled and embattled state program that was struggling with legislative oversite and declining revenues, has made a remarkable turnaround in the last couple of years.  About the only headlines you read these days are good ones about the program.  Lottery Director Bishop Woosley sits with host Roby Brock to discuss what’s been the “winning ticket” for the program’s success.


Calstrip Announces $15M Capital Investment in Arkansas, 45 New Jobs in Hickman

8 hours ago
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Calstrip Industries Inc. announced plans today to build a new processing facility on the campus of Nucor Steel Arkansas, near Blytheville in Mississippi County. Construction will begin during the second quarter of 2018.

The initial construction will be 100,000-plus square feet, with two planned expansions that will bring the total facility size to more than 300,000 square feet. The initial phase alone will involve capital investment of more than $15 million and creation of 45 new jobs. 

Johnathan Reaves, KASU News

HICKMAN, Ark. (AP) - A North Carolina-based steel company is furthering its expansion in northeast Arkansas with a planned $240 million sheet metal production line.

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Gas prices are between 40 to 50-cents higher this year than they were last year.  With record numbers of drivers expected to be on the road for the upcoming Memorial Day weekend, high demand could make the price at the pump higher.  Mike Right is the Vice President of Public Affairs for the American Automobile Association. He tells what is causing the gas prices to go higher.  

Talk Business & Politics

FedEx is hiring almost 50 people in a new venture in Jonesboro.  A building is being constructed at 2005 East Nettleton Avenue in Jonesboro.  Once complete, the operations of FedEx Trade Networks will be housed there.  FedEx Communication Advisor Trisha Beeman.

“It will be dedicated to our import clearance operations.  Responsibilities vary and may include data entry, classification, documentation, customer service and other office-related tasks.” 

Beeman says this will be the first FedEx Trade Networks facility in Jonesboro. 

(U.S. Edition) European countries including Russia say they're still in the nuclear agreement, and the U.S. Treasury has given companies 90 or 180 days to wind down business with Iran. This affects banking, finance, commodities, shipping, insurance and, of course, oil exports. But the markets are doing okay so far, meaning maybe everyone's getting used to President Trump's fractious moves being smoothed over later by more reasonable decisions.

U. S. Capitol
Liam James Doyle / NPR

Facebook CEO Mark Zuckerberg is testifying on Capitol Hill to answer questions about protecting user data. The hearing held by the Senate Judiciary and Commerce committees follows news that the data-mining and political consulting firm Cambridge Analytica obtained personal information of up to 87 million Facebook users.

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UA Walton College of Business economist Mervin Jebaraj said the strong population growth in Arkansas metropolitan areas is a welcome trend, but he warns that a downside is the struggle to find affordable housing.

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Trucking and transportation is a dynamic industry in Arkansas.  Accounting for about 1 in 10 jobs, the industry is a huge component of the state’s economy.  Shannon Newton, president of the Arkansas Trucking Association, has been in the middle of everything from regulatory changes to worker shortages to technological disruption.  Roby Brock of Talk Business sits with Newton to discuss what’s “shifting” the industry’s gears.


Making communities in Arkansas more successful when competing with other states for industries and jobs is the goal of a new program announced Monday by Governor Asa Hutchinson.

The “Competitive Communities Initiative” is an evaluation process developed by the Arkansas Economic Development Commission. It’s intended to help cities identify assets that companies look for when selecting new host sites. Governor Hutchinson spoke to over 100 city leaders at the Mosaic Templars Cultural Center in Little Rock about the need for the initiative.

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