Business Briefs for Feb. 19, 2007

by Arkansas Business Staff  on Monday, Feb. 19, 2007 12:00 am  

• John C. Wyvill will resign as director of the Arkansas Department of Workforce Education on March 15. He was the first deaf person to serve in a cabinet-level position in Arkansas state government. Besides working with his family's consulting firm, Wyvill plans to pursue motivational speaking and writing and is exploring a future run for public office.
• Sen. Blanche Lincoln, D-Ark., will discuss the 2007 Farm Bill and other agriculture policy issues at the University of Arkansas Clinton School of Public Service at 10 a.m. Feb. 21. Lincoln is chair of the Senate Agriculture Com-mittee's Subcommittee on Production, Income Protection and Price Support. She will be joined by Sen. Saxby Chambliss, R-Ga. Her lecture will be held at the Great Hall at the William J. Clinton Presidential Center.
• Baldor Electric Co. said its 2006 employee profit-sharing contribution was $10 million, up from $9 million the previous year. Baldor contributes approximately 12 percent of its pre-tax profits to the plan. Company sales in 2006 were up 12 percent to $811 million. Profits in 2006 were $48 million, also up 12 percent. In 2006, 2,939 employees were in the profit-sharing plan.
• The Arkansas Department of Workforce Services will receive $1.35 million from the Department of Labor to help residents in Cross, Crittenden, St. Francis, Lee and Phillips counties train workers to be truck drivers and mechanics. Trucking companies that will participate include Schneider National, Werner Enterprises, Covenant Transport, Yellow Roadway, P.A.M. Transport, Transam Trucking, U.S.A. Truck and ABF Freight System.
• TKO Television and North Arkansas Regional Medical Center at Harrison recently won the gold MarCom Creative Award for the 2006-07 television marketing ad campaign. This award is a national competition for marketing and communications entities. Entries came from corporate marketing, advertising agencies, video broadcast companies and freelance design companies.
• Farm and ranch leaders from throughout the state will converge in Little Rock on Thursday for Arkansas Farm Bureau's biennial Farmers' Day at the Legislature. They will discuss a number of key agriculture issues with their individual state senators and representatives.
• The Benham Cos., headquartered in Oklahoma City, has been selected to study and design a new highway interchange at Interstate 40 and state Highway 365 in central Arkansas. Benham will provide location studies, traffic analyses, environmental studies and handling, conceptual design alternatives, surveying, hydrological studies, geotechnical studies, and roadway and bridge designs for the new interchange.
• Southwestern Energy Co. of Houston has amended and restated a $500 million revolving credit facility due to expire in 2010, increasing the borrowing capacity to $750 million. The move lowers the borrowing costs and extends the maturity date to 2012. The amendment also allows the amount available under the credit agreement to be increased by $250 million in the future.
• The Watershed Conservation Re-source Center will hold a Low Impact Development Workshop at the Univer-sity of Arkansas, Continuing Education Center on March 29-30 in Fayetteville. Low Impact Development is using site planning, design and pollution prevention strategies to create a more economically sustainable and ecologically functional urban landscape. Call Matt Van Eps at (501) 352-7294 to register. For more information, visit Course tuition is $275.
• Sen. Blanche Lincoln, D-Ark., will host an educational listening and conversation tour throughout Arkansas Feb. 20-22 to discuss the nation's current elementary and secondary education policy, No Child Left Behind. Lincoln will be in Jonesboro, Marion and Little Rock on Feb. 20, El Dorado and Hot Springs on Feb. 21 and Fayetteville on Feb. 22.
• The Arkansas Historic Preservation Program will accept applications for its Historic Preservation Restoration Grant, Certified Local Government Grant, County Courthouse Restoration Subgrant and Documentary Media Grant through April 16. Guidelines and applications can be downloaded at



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