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Economy & Business

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.

pixabay.com

The Jonesboro Advertising and Promotion Commission has decided to give its support for helping fund a hotel and convention center in Jonesboro.  The Commission on Friday decided that it would provide tax rebates for the O’Reilly Hospitality Management’s project to place a 202-bed Embassy Suites Hotel, a Houlihan’s Restaurant and a 40,000-square foot convention center on the campus of Arkansas State University.  The commission’s decision does not give money to the project up front, but it will give a three-percent A&P tax rebate over a ten-year period once the project is up and running

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.

Johnathan Reaves, KASU News

Officials at Nucor Steel in Hickman made a major announcement during their 25th anniversary celebration near Blytheville Thursday. 

A 230-million dollar expansion means 100 more jobs are coming to Nucor Steel.  Vice President and General Manager MaryEmily Slate says the new mill is the first of its kind.

“This is the first mill in America that will take deeper reductions on higher strength steels so we can make stronger and lighter steels for many customers, including those in the automotive industry,” says Slate.

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.”

Jim Brown announced as new Convocation Center Director

Oct 18, 2017
Arkansas State University

JONESBORO – With more than 20 years of experience in public facility management, James W. (Jim) Brown II of Dayton, Ohio, will serve as the new director of the Convocation Center at Arkansas State University.

Dr. Len Frey, vice chancellor of the Division of Finance and Administration, announced Brown's appointment today.  Finance and Administration has oversight responsibility for the Convocation Center.

Jonesboro Unlimited

This press release comes from Jonesboro Unlimited:

Potential operators of medical marijuana cultivation facilities and dispensaries came together at a half-day symposium in Little Rock Wednesday to discuss their expectations of what the new industry will be like.

Among the attendees was TV host Montel Williams, who gave the keynote address at the event organized by the Arkansas Medical Marijuana Association. Williams has multiple sclerosis, and has long advocated for medicinal cannabis use. His visit had added significance, since he recently accepted a position on the association’s board.

Wikipedia

NEW YORK (AP) — Walmart won't be doing large-scale holiday hiring at its stores this year. Instead, like last year, it will offer extra hours to its current workers.

The nation's largest private employer says, however, that it will be taking on more temporary workers at its distribution centers. But it's not giving a number yet for its planned holiday hires at the centers.

So far, the retailers have detailed mixed hiring plans for the holidays.

For interested onlookers like Arkansas Energy Office program manager Chet Howland, the filing today by the Net Metering Working Group is a not-unexpected, slight disappointment.

The group is the creation of the Public Service Commission (at the request of the General Assembly) to examine net metering: the practice of pushing the electricity generated by windmills or solar power systems back onto the grid, and getting credit for it from energy utilities.

Would-be growers and distributors of Arkansas' initial medical marijuana crop have flooded a state office building waiting for their turn to submit applications.

Ahead of Monday afternoon's deadline, there was about a three-hour wait for applicants at the Department of Finance and Administration Building. Agency spokesman Scott Hardin said that before noon, the office had distributed paperwork to more than 100 groups or individuals. Fewer than half the applicants had been called in for clerks to review paperwork to ensure it was in order.

NPR

LITTLE ROCK, Ark. (AP) — A government agency survey says the percentage of Arkansas residents with health care insurance is on the rise, putting the state above the national average.

The number of uninsured residents dropped last year by almost 46,000 to nearly 231,800, according to the survey conducted by the U.S. Census Bureau.

Delta Regional Authority

This is a press release from the Delta Regional Authority:  

President Donald J. Trump has announced his intent to nominate Christopher Caldwell of Little Rock, Arkansas, to be Federal Co-Chairman of the Delta Regional Authority (DRA), pending approval by the U.S. Senate. The nomination follows the August 10th appointment of Federal Alternate Co-Chairman Peter D. Kinder of Missouri.

Mortgage backers Freddie Mac and Fannie Mae have recently changed lending rules to give more leeway to borrowers like Kristen Griffin with high student loans.

Griffin is a librarian at Nemo Vista High School in Center Ridge. She and her husband Mark are window-shopping on Zillow while their 2-year-old son Fletcher sleeps nearby.

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