KASU

Economy & Business

A lawsuit has been filed against the general contractor of the Hyatt Place Hotel and Convention Center in Jonesboro.

The Sun reports Midsouth Steel Inc. is suing Construction Network Inc. for a breach of contract in the project to be located near Interstate 555.  Midsouth is seeking nearly $430,000.

WASHINGTON (AP) — Unemployment rates fell to record lows in four U.S. states in March after months of steady job creation nationwide.

Unemployment rates fell in 17 states in March and were mostly unchanged in 33, the Labor Department said Friday. Employers added a significant number of jobs in just three states last month and cut them in four. Employment was mostly unchanged in the other 43 states. Hiring nationwide was weak in March but strong in the previous two months.

After lien filings from 2 companies and an ultimatum from the Jonesboro Advertising and Promotions Commission, another company has filed a lien against Northern Arkansas Hotel and Convention Center, LLC.

The Sun reports that HD Supply Construction Supply of Allen, Texas filed a lien against the company earlier this week.  The lien is in regards to the delayed construction of the Hyatt Place Hotel and Convention Center to be built near Interstate 555 on Browns Lane Access Road.

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One of the proposed convention centers in Jonesboro may not get built if the developer doesn't meet a deadline next month.

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NEW YORK (AP) — Starting next week, Wal-Mart will offer discounts on thousands of online-only items when customers elect to have them shipped to one of the company's stores for pickup.

The move is part of the retailer's efforts to better compete with online leader Amazon.

Initially, the discount will be available on about 10,000 items. But the Bentonville, Arkansas-based retailer says it will then expand the price cuts to more than one million items by the end of June.

Talk Business & Politics

Plans to build a 165-room Hyatt Place Hotel and an adjoining 78,000-square-foot convention center near Jonesboro’s hotel row off Caraway Road are in peril. Dirt work has been begun at the site, but liens have already been placed against the property, according to the city’s A&P Commission.

Arkansas-based retail giant Wal-Mart in its re-organization of the Walmart U.S. technology division is eliminating around 300 jobs in the Information Systems Division (ISD).

OMAHA, Neb. (AP) — Economic conditions in nine Midwest and Plains states remains healthy, despite a slight slip in a monthly survey of business supply managers, an economist said in a report released Monday.

The Mid-America Business Conditions Index report said the overall economic index for the region dropped to 60.1 in March from 60.5 in February. It's the first index decline in five months.

Sara Gullickson flew in from Arizona to voice her concerns at the Medical Marijuana Commission's first public hearing today in Little Rock.

"I really, really strongly urge Arkansas to consider for the dispensaries running a merit based program instead of a lottery based program. Lottery based programs definitely breed litigation, program delays, and really don’t set the state up for success."

Last month, Medical Marijuana Commissioner Carlos Roman, an anesthesiologist, joked that the appropriate venue for the commission's first public hearing Friday would be Verizon Arena, the 18,000-seat venue for touring Top 40 musical acts, circuses and monster truck rallies.

Instead, the commission got the UA Little Rock's Bowen School of Law — larger than the modest fifth-floor conference room inside 1515 W. 7th St. where the meetings have been, still smaller than the anticipated crowd.

The commission has received dozens of email comments already, a large number asking the body to rethink its plan for a lottery to pick 32 Arkansans to open retail storefronts for medical marijuana.

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After months of study, the Walnut Ridge Mayor says consolidating with Hoxie "MUST wait."

The Melba Theater in Downtown Batesville, picture from Arkansas Parks and Tourism, credit Talk Business and Politics
Talk Business & Politics

Adam Curtwright’s first job was at the Melba Theater in downtown Batesville. In elementary school, he’d watched many movies on the theater’s lone screen. After he graduated from high school, Curtwright moved onto other jobs and ultimately became a banker.

But he yearned to return to the Melba, and when the building became available he, his wife, Mandy, and another couple, Joe and Janelle Shell, made a daring move.

Funding for the Delta Regional Authority would be eliminated under President Trump’s first budget request to Congress. The federal agency is set up to help encourage and coordinate economic development in eight states, including Arkansas, tied to the beleaguered Mississippi River Delta region.

OMAHA, Neb. (AP) — Results from a monthly survey of business supply managers suggest manufacturing is boosting economic conditions in nine Midwest and Plains states.

The Mid-America Business Conditions Index report released Wednesday says the overall economic index for the region rose to 60.5 in February from 54.7 in January. It's the highest figure since April 2014 and the fourth monthly increase in a row.

Creighton University economist Ernie Goss oversees the survey, and he says the increases point to the improving regional manufacturing economy.

Talk Business & Politics

Doniphan Vitality, a non-profit organization, has received a $100,000 grant from the Delta Regional Authority, DRA, to conduct an innovation hub feasibility study in four southern Missouri counties and Sharp and Randolph counties in Arkansas.

The University of Missouri Extension Office has also pledged a $20,000 match, DV Arkansas leadership point person Graycen Bigger told Talk Business & Politics.

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JEFFERSON CITY, Mo. (AP) — Vice President Mike Pence plans to talk about job growth while visiting an equipment and engine dealer in Missouri.

Missouri Gov. Eric Greitens will join Pence on Wednesday at the Fabick Cat headquarters in Fenton, Missouri, outside of St. Louis. Pence will meet with workers, get a tour of the facility, and give a speech at 1:30 p.m.

Eureka Springs, a nineteenth century Ozark Mountain health spa, could soon become a 21st century mecca for medical marijuana.

constitutional amendment allowing the use of cannabis for certain medicinal purposes was approved by Arkansas voters last November. And certain residents of Eureka Springs hope to brand their village as a medicinal marijuana destination.

This week the Arkansas Legislature pushed forward a bill to collect sales taxes on out of state, online purchases. Some retailers, like Amazon, say they support the move and will preemptively start collecting taxes in March.

Governor Asa Hutchinson is roundly praising Amazon’s announcement that the Seattle-based company wants sales tax be collected for online retailers and will voluntarily help collect them. In a statement, the Republican said the company’s decision is “laudable and good news for the state.”

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A coalition of grocery store chains, dry county liquor store owners and small winery operators won the first round of a hot legislative battle when a bill allowing sales of all wine varieties in local grocery stores cleared the Senate floor on Wednesday.

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NASHVILLE, Tenn. (AP) — A bill proposed in Tennessee's legislature would create a sales tax holiday for guns and ammunition.

The bill, filed Wednesday by Republican Rep. Dennis Powers, calls for a "Second Amendment sales tax holiday" on the first weekend of September each year.

Knoxville station WBIR reports that Tennessee already has a sales tax holiday at the end of the summer that's meant for back-to-school shopping. Last year, Louisiana and Mississippi each hosted sales tax holiday weekends on guns.

Federal law says if you've purchased tax-free online, you need to pay a tax to the state. But, no one's really doing that. The problem: Arkansas relies heavily on sales tax to support essential government services.

When it comes to federal legislation requiring online merchants to collect sales tax, Republican U.S. Representative Steve Womack of Arkansas has long been one the more prominent GOP backers of such a measure.

KUAR's Karen Tricot Steward spoke with Representative Womack on the issue.

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Roof repairs, field funding and equipment…those items addressed at last night’s Jonesboro City Council meeting.   

The council passed an emergency clause that allows for 35-thousand-dollars of repairs to the roof at the old justice complex.  Over time, water leaks has damaged the roof to the point that immediate repairs are necessary…that according to city officials who planned to do renovation work at the building and discovered the damage. 

The Arkansas Senate has approved a bill that would require Amazon and other major online retailers to collect state sales taxes. The measure passed Monday by a vote of 23-9 and now moves to the House.

The bill’s sponsor, Republican Sen. Jake Files of Fort Smith, told his colleagues that Arkansas is one of only six states that don't collect sales taxes and is missing out on potential revenue.

"In 2014 it was estimated in one study that Amazon sales alone would have brought $32 million into the state, and then I've heard anywhere up to $100 million," Files said.

NOTE: This story is part of a package on mortgages, race and database journalism. Read the lead story in the package here

Every Friday afternoon, Realtor Julia Valenciana spends part of her workday in the studio of La Zeta, 95.7-FM, a Spanish-speaking station in Springdale, telling the Hispanic community how to buy a home and avoid being rejected by the system.

Housing Loans Difficult for Most Northwest Arkansas Minorities

Feb 6, 2017

NOTE: This story is part of a package on mortgages, race and database journalism. Read the sidebar in the package here.

FAYETTEVILLE — Christina Woods, a 29-year-old doctoral student at the university, is planning to buy a home in Northwest Arkansas soon. The move will be a milestone for this Native American and her family, who struggled with poverty and the legacy of tribal displacement 100 years ago.

“That’s a big deal because I’m 29 years old, and I have collateral, and nobody else in my family has anything like that,” said Woods, a member of the Cherokee Nation.

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