KASU

Economy & Business

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.

The seal for the Delta Regional Authority courtesy of Wikipedia
Wikipedia

LITTLE ROCK, Ark. (AP) — The White House has nominated a member of U.S. Sen. John Boozman's staff to serve as co-chairman of the Delta Regional Authority.

Officials announced the nomination Wednesday of Chris Caldwell, who now serves as director of special projects for Boozman. The Delta Regional Authority is a federal-state partnership that works to improve regional economic opportunity in the Mississippi River Delta region.

NASHVILLE, Tenn. (AP) — Officials say people from out of state who expect to be in Tennessee for an extended period because of damage to their homes or workplaces by Hurricane Irma can file for unemployment insurance.

Tennessee Labor and Workforce Development Commissioner Burn Phillips said in a news release that the state wants to make sure people staying in Tennessee have information they need to receive unemployment benefits they're entitled to.

Johnathan Reaves, KASU News

Talk Business & Politics

This press release from the Arkansas Economic Development Commission: 

DUMAS, Ark. (AP) — A Luxembourg-based company that makes chassis-related systems for trailers, trucks, buses, and recreational vehicles has announced plans to expand its operations in southeastern Arkansas.

SAF-HOLLAND officials said Tuesday the company will open a new facility in the old Federal-Mogul building in Dumas and expand its workforce by about 65 employees.

The company says the plant currently has 143 employees.

The company says the expansion is due to an increase in business among its current customers.

Economy
Pixabay

Despite slow growth in the beginning of 2017, the economy is expected to be stronger for states in the Mid-West and Plains, which includes Arkansas and Missouri.  That's according to a recent Creighton University economy report

One person in Arkansas has been paying close attention to the state's economy—the Executive Director of the Arkansas Economic Development Commission, Mike Preston. 

The federal agency tasked with economic development in the Delta is without a leader. It’s up to President Donald Trump to appoint a new federal co-chairman for the Delta Regional Authority. The DRA’s supporters are hoping for the President to act quickly so that tens of millions of dollars can be freed up for investment. But the Trump’s budget proposals have called for eliminating the authority entirely.

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