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Economy & Business

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.

OMAHA, Neb. (AP) — A monthly survey of business leaders suggests that business conditions worsened last month but that the economy will pick up over the next few months in nine Midwestern and Plains states, according to a report issued Tuesday.

The Mid-America Business Conditions Index dropped to 56.1 in July after reaching 62.3 in June. The May figure was 55.5.

Downtown Jonesboro BBQ & Music Festival Plans Announced

Jul 27, 2017
Talk Business and Politics

This is a press release:

The Jonesboro Advertising and Promotion Commission’s Downtown Jonesboro BBQ and Music festival announced plans for their 9th annual event Saturday, September 30th.

Little Rock's annual music festival, Riverfest, is suspending operations after four decades.

The Riverfest, Inc., board of directors announced Tuesday that 2017 was the last year for the music festival in downtown Little Rock and North Little Rock. The festival's executive director, DeAnna Korte, says rising costs and more competition from other festivals made it difficult for Riverfest to continue.

Korte says hot and rainy weather in May and June also affected Riverfest's ability to be successful.

pixabay.com

The Jonesboro City Council passed a resolution supporting state and federal legislation that would enforce the collection of sales taxes from online transactions.  The resolution now goes to the Arkansas Municipal League in Little Rock, where officials will ask for Governor Asa Hutchinson to call for a special session in a few weeks to consider the legislation.  The state legislature voted down this legislation in the last session.  Last night’s city council vote was not unanimous as eight aldermen voted in support of the resolution and four voted against.  Jonesboro Mayor Harold Perrin.

Johnathan Reaves, KASU News

Arkansas State University has launched the A-State Innovation System.  The system is designed to provide opportunities for entrepreneurs to access resources and bring ideas to the marketplace.  Grand opening ceremonies for the Innovation System were held Monday.  Ty Keller is the director of the A-State Innovation System.

Wikipedia

HOT SPRINGS, Ark. (AP) — A group from Little Rock is acquiring the Arlington Hotel in Hot Springs for an undisclosed amount of money.

The Hot Springs Sentinel-Record newspaper reported Monday (http://bit.ly/2ubw3EX) that Sky Capital Group LP is buying the state's largest hotel from Southwest Hotels Inc., which has operated the hotel since 1954.

The Arlington Hotel has 478 rooms, along with a spa, a bathhouse, a convention center, ballroom and a lobby bar. Sky Capital also operates the Four Points Sheraton in Little Rock.

Local leaders are scrambling for solutions in the wake of a mass shooting at a Little Rock night club earlier this month. The Pulaski County Quorum Courts is considering during Tuesday’s meeting on a resoultion encouraging cities to place a 180 day moratorium on musical performances deemed to encourage violence.

Low unemployment, affordable housing, strong healthcare access and below-average poverty rates are the positives in the Little Rock Metropolitan area. Some negatives: a high crime rate, fewer professional and technical jobs than other cities, low employment specialization, and slow growth in the ratio of large to small businesses. That’s according to the University of Arkansas at Little Rock Arkansas Economic Development Institute’s fourth annual Little Rock Metro Report Card, released Thursday.

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