Business Briefs for May 16, 2005

by Arkansas Business staff  on Monday, May. 16, 2005 12:00 am  

  • The North Atlantic Treaty Organization has signed a $162.7 million contract with Raytheon Co. to produce 250 Evolved SeaSparrow Missiles. Raytheon has manufacturing facilities in East Camden and Little Rock that employ approximately 750 Arkansans. The final assembly of the missiles will be done by the Raytheon Missile Systems Co. at the Highland Industrial Park in East Camden.

  • The Green Building Initiative is holding a four-hour comprehensive training workshop for Little Rock area architects, builders, developers, government officials and other interested parties on the Green Globes system. The seminar will be held May 17 from 8a.m.-1p.m. at the Wynd-ham Riverfront Hotel in North Little Rock. Green Globes is a new "green building design" assessment tool for new commercial construction. Little Rock is the pilot market for the program and it's the first free training in the U.S. To register, call Tricia Larson at (501) 663-6545 or e-mail her at tricia@paschallstrategic.com. Breakfast and lunch will be provided for the free event.

  • Former state Rep. Mike Hathorn of Huntsville says he'll seek the Democratic nomination for lieutenant governor. Hathorn will face state Sen. Tim Wooldridge of Paragould in next year's party primary. Three have announced for the Republican nomination — State Sen. Jim Holt of Springdale; state Rep. Doug Matayo, also of Springdale; and Jim LaGrone, a Baptist minister from Bryant. Hathorn is a lawyer with Wilson & Associates in Fayetteville. He previously lost to GOP Rep. John Boozman of Rogers in a 3rd District congressional race in 2001.

  • Xtreme Outdoor Camouflage Inc. of Jacksonville has joined the 2005 sponsorship lineup of Nascar series and Craftsman series Bill Davis Racing Team. The outdoor apparel company is seeking greater exposure for its new generation of camouflage, said James Riley, founder and owner of Xtreme Outdoor Camo, who also hosts the nationally televised hunting and fishing show "American Xtreme Outdoor Adventures."

  • Speaking of Nascar, the stock-car racing organization is the latest business to open an office at Bentonville so it can have a presence near Wal-Mart Stores Inc. As the world's largest retailer, Wal-Mart is a major seller of Nascar-licensed products.

  • Loren Scott, economist from Louisiana State University of Baton Rouge, La., speaking at the Gulf South Bank Conference at New Orleans, said regional leaders for job growth in the South will be Alabama, where employment is expected to grow by 2.5 percent through 2006, and Arkansas, where a 1.4 percent employment growth is forecast through 2006.

  • Tripp Frohlichstein, founder of MediaMasters Media Training Group at St. Louis, will lead the Arkansas Chapter of the International Association of Business Communi-cators' annual professional development seminar on May 20. The seminar, which will be held from 10 a.m.-4 p.m. on the 16th floor of the Regions Bank Building, will focus on media relations and how to deal with reporters. The cost for the seminar, which includes lunch, is $75 for members and $95 for nonmembers. For more information, call Neal Moore with the Communications Group at (501) 376-8722 or e-mail him at nmoore@comgroup.com. To register, please call Julie Johnson Thompson at (501) 374-9225 or e-mail her at jjthompson@ascc-aia.org.

  • The Arkansas State Chamber of Commerce/Associated Industry of Arkansas' Employment Law Round-table will be held May 18. Mike Moore with Friday Eldredge & Clark will lead "Hassle-Free Hiring - How to Legally Recruit, Interview and Hire Employees" at the chamber building at 410 S. Cross St. in Little Rock, from noon-2 p.m. The cost, which includes lunch, is $50 for chamber/AIA members and $75 for nonmembers. Call (501) 374-9225 to register.

  • Tyson Foods Inc. spent $13.6 million to expand its Brooks, Alberta, cattle-slaughtering plant and will increase production in mid-June. The operation can now slaughter 4,700 head of cattle a day, up from about 3,800.

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