KASU

Economy & Business

JEFFERSON CITY, Mo. (AP) - An Illinois megadonor is contributing $500,000 to the effort to make Missouri a right-to-work state.

The St. Louis Post-Dispatch reports that Richard Uihlein donated the money Tuesday to a political action committee named "Freedom to Work." It's raising cash to fend off a union-led attempt to kill efforts to change state labor laws.

Big River Steel

This is a press release issued today:

Chicago, Illinois-February 15, 2018- Union Partners announced plans today to build a new steel processing facility on the Osceola, Arkansas campus of Big River Steel. The operations will be located directly adjacent to Big River’s Flex Mill™ and will include both slitting and multi-blanking lines in a new build-to-suit facility expandable to 258,000 square feet.  Construction will be on an accelerated schedule with a formal ground breaking in the first quarter of 2018. 

Arkansas Governor Asa Hutchinson with Roby Brock of Talk Business and Politics
Talk Business and Politics

Rising pharmacy reimbursement rates are a part of the cost structure between pharmacist, health insurance plans, and a group known as PBMs—Pharmacy Benefits Managers.  Roby Brock with Talk Business sits down with Arkansas Governor Asa Hutchinson to talk about potential legislative remedies for this seemingly dire situation as a private solution may be in the works.


Pixabay

LITTLE ROCK, Ark. (AP) - Revenue collected by the Arkansas Scholarship Lottery in fiscal 2018 is exceeding the totals from the same period in previous years, but net proceeds are about average for recent years.

The Arkansas Democrat-Gazette reports that the lottery has provided its latest monthly report to Gov. Asa Hutchinson and the Legislative Council's lottery oversight subcommittee.

Chairman of Jonesboro Unlimited Chris Barber.
Johnathan Reeves / KASU News

Over 1,200 new jobs come to Jonesboro last year.  Officials with Jonesboro Unlimited made that announcement Thursday.  Jonesboro Unlimited was created after a three-point-six million dollar fundraising campaign to attract new industry and jobs to Jonesboro.  2017 was the first year and an update on the effort was presented.  Chairman of Jonesboro Unlimited Chris Barber.

Talk Business' Roby Brock (left) with Economist Mervin Jebaraj (right)
Talk Business and Politics

We’ve been hearing a lot about the state of the State, the state of the Union, and the state of the economy.  For a review of 2017’s economic performance and projections for 2018’s, Roby Brock with Talk Business and Politics sits down with Mervin Jebaraj, economist, and Director of the Center for Business and Economic Research at the University of Arkansas’s Walton College of Business.


Johnathan Reeves / KASU News

Jonesboro Unlimited is holding their annual luncheon and discussing economic opportunities for the area.  You can watch the video below:

Missouri Capitol
Wikipedia

JEFFERSON CITY, Mo. (AP) - The Missouri Senate has worked through the night into a new day as a group of lawmakers filibusters a bill changing the way utility rates are regulated.

The legislation being debated Thursday would allow utilities to more quickly recover their costs for infrastructure improvements while imposing a 3 percent limit on annual rate increases to consumers.

Supporters say it will result in ever-increasing rates for customers, but opponents say it will ensure price predictability instead of allowing periodic surges in rates that could be even larger.

Following Tuesday's resignation of casino mogul Steve Wynn amid accusations of sexual misconduct, a native Arkansan is now chief executive of Wynn’s $17 billion global enterprise.

Mena native Matthew Maddox has worked for Wynn Resorts Ltd. since 2002, eventually serving as chief financial officer and president. The company’s board of directors named the 42-year-old Maddox CEO late Tuesday following Wynn’s resignation.

Plans of the Jonesboro Shooting Sports Complex displayed at the Municipal Center.
Johnathan Reaves, KASU News

The City of Jonesboro and the Arkansas Game and Fish Commission hope the new shooting sports complex will serve an educational purpose for Northeast Arkansas youth.

Pixabay

LITTLE ROCK, Ark. (AP) - Arkansas finance officials say higher than expected individual income tax collections in January helped push the state's revenue above expectations and above the same month last year.

The Department of Finance and Administration said Friday the state's net available revenue in January totaled $583.3 million, which is $47.3 million more than the same month last year and $41.7 million above forecast. The state's net available revenue for the fiscal year that began July 1 is more than $3.2 billion, which is $65.4 million more than was forecast.

Johnathan Reaves, KASU News

Two programs in Mississippi County are designed to bring more jobs to Northeast Arkansas.  Governor Asa Hutchinson went Blytheville Wednesday for the announcements, which center around the county’s growing steel industry. 

SPRINGDALE, Ark. (AP) - Tyson Foods Inc. has invested in a food-tech startup that's developing methods to produce meat directly from animal cells.

The Arkansas-based company announced Monday that its venture capital arm, Tyson Ventures, now has a minority stake in Memphis Meats. The terms of the deal haven't been disclosed, but Memphis Meats says it expects to use the funds to accelerate product development.

Tyson says the investment reflects the company's commitment to find new, innovative ways of meeting a growing global demand for protein.

6-pound bags of Member's Mark Casa Di Bertacchi Italian-Style Beef Meatballs
United States Department of Agriculture

WASHINGTON (AP) - Regulators say a New Jersey company has recalled more than 3,400 pounds of beef meatballs that may be tainted with a bacteria known to cause listeriosis.

The U.S. Department of Agriculture on Wednesday announced the recall involving Rich Products Corporation of Vineland, New Jersey. The ready-to-eat frozen meatballs were produced Dec. 17.

Jonesboro Mayor Harold Perrin delivering the 2017-2018 State of the City address.
Johnathan Reeves / KASU News

“There is a Northeast Arkansas” became the rallying cry of Jonesboro Mayor Harold Perrin during his State of the City address.  Perrin delivered the address at the Arkansas State University Cooper Alumni Center.

Pages