Business Services Archive

Mel Coleman of North Arkansas Electric Cooperative Elected President of National Group

by Arkansas Business Staff 2/23/2015 09:37 am

Mel Coleman, CEO of North Arkansas Electric Cooperative in Salem, has been elected president of the National Rural Electric Cooperative Association board of directors, the organization announced Monday.

KA on IA: Kristian Andersen on the Future of Arkansas Techpreneurship

by Mark Carter 2/23/2015 12:00 am

Kristian Andersen talks the future role of Innovate Arkansas and what's ahead for tech-based entrepreneurship in Arkansas. The next step? Developing homegrown talent, he says.

I.O. Metro CEO Lou Spagna To Retire

by Arkansas Business Staff 2/23/2015 12:00 am

Spagna, 65, was named CEO of the home furnishing retail company in 2012 to replace founder Jay Howard. I.O. Metro has selected a replacement from outside the company who will serve as co-CEO with Spagna until Spagna leaves, and Marketing Director Amber Langston said that announcement will be made March 1.

Infiniti, Walgreens Locations Lead Off Recent Million-Dollar Deals

by Arkansas Business Staff 2/23/2015 12:00 am

Our offerings are varied in this edition of million-dollar transactions: An auto dealership, a Walgreens, an office-warehouse, a neighborhood retail center, a parking lot and a big home.

Investors Scoop Up Former Dollar Generals (NWA Real Deals)

by Arkansas Business Staff 2/23/2015 12:00 am

An investment group bought two former Dollar General buildings in northwest Arkansas for a total of $775,900. Raymond Merrill paid $1.9 million for University Village Center at 1545 W. 15th St. in Fayetteville. And Adam Yates, owner of Razorback Awning & Ironworks, bought the former home of Dennis Home Furnishings at 3525 S. School Ave. in Fayetteville.

Wilmington Apartments Visited by $3.9M Sale (Real Deals)

by George Waldon 2/23/2015 12:00 am

The sale of a 120-unit apartment complex in North Little Rock weighed in at $3.85 million. Construction of a 25,000-SF home improvement store is in motion after a $2.1 million land deal in west Little Rock. And a 55,565-SF mini-storage facility in southwest Little Rock tipped the scales at $1.7 million.

Arkansas Democrat-Gazette Loosens Once-Rigid Pay Wall

by Sean Beherec 2/23/2015 12:00 am

The statewide newspaper last week loosened what was once one of the most rigid pay walls in the country to a metered system more similar to that offered by The New York Times and Financial Times. Locally, the Arkansas Times launched a metered pay wall in August 2013, which allowed 10 free article views per month.

Conway Hopes To Lure Business to New Airport at Cantrell Field

by Sean Beherec 2/23/2015 12:00 am

Nearly six months after the opening of the new Conway municipal airport, the facility is already buzzing with activity. The planners behind the project have also set their sights on the next steps to grow its role in the state and attract business.

TAC Air Lands Long-Term Deal at Clinton National Airport

by George Waldon 2/23/2015 12:00 am

TAC Air of Dallas has committed to invest $11 million in capital improvements and more to benefit general aviation and commercial air service at Clinton National Airport in Little Rock.

CardioWise Installs Software for Use in Federal Heart Study

by Mark Carter 2/20/2015 11:13 am

Fayetteville startup CardioWise has completed full development of its cardiac analysis software and installed it at the National Heart Lung and Blood Institute in Bethesda, Maryland.

FedEx Ground Distribution Center in Little Rock to Employ 160

by Mark Carter 2/19/2015 02:24 pm

FedEx Corp. of Memphis broke ground Thursday on a 300,000-SF Ground distribution facility in southwest Little Rock. The publicly traded logistics firm plans to employ about 160 people there.

XCelerate Capital Invests $250k in ARK Challenge Alum Tagless Style

by Mark Carter 2/16/2015 12:01 pm

Rod Ford's new Little Rock early-stage seed fund XCelerate Capital has invested $250,000 in Tagless Style, the ARK Challenge and Innovate Arkansas firm that partnered with Goodwill of Arkansas to "upcycle" second-hand clothes.

Turner Grain's Dale Bartlett Claims Ignorance in Company's Collapse

by Mark Friedman 2/16/2015 12:00 am

As his creditors' claims have grown exponentially, Dale C. Bartlett has sworn in bankruptcy court that he had no idea what caused the collapse last summer of Turner Grain Merchandising of Brinkley, the business he co-owned until a year ago.

Bill Would Regulate Grain Traders

by Mark Friedman 2/16/2015 12:00 am

Arkansas legislators are working to get a bill ready that would regulate grain traders, said state Sen. Ronald Caldwell, R-Wynne.

Central Arkansas Commercial Vacancy Rate Drops

by Arkansas Business Staff 2/16/2015 12:00 am

The vacancy rate for commercial office space in central Arkansas declined in the fourth quarter, Central Arkansas Commercial Data Exchange said in its latest report.

Accountant Robert Erwin Charged With Aggravated Assault

by Arkansas Business Staff 2/16/2015 12:00 am

Robert F. Erwin, who practiced accounting in Little Rock with his late father, Harry Erwin, is scheduled for arraignment Tuesday morning in Benton County Circuit Court on a charge of aggravated assault on a member of his household.

Lakewood Manor Buy Checks In at $3.7M (Real Deals)

by George Waldon 2/16/2015 12:00 am

An 85-bed nursing home in North Little Rock tipped the scales at $3.7 million. A 42,500-SF mini-storage facility in southwest Little Rock weighed in at $2.35 million. And a 47,906-SF building in downtown Little Rock changed hands in a $1.6 million deal.

Banks Eyeing EMV, But Adoption Slow

by Sean Beherec 2/16/2015 12:00 am

The race to get American consumers to use debit and credit cards equipped with EMV chips has been more of a sluggish walk than a run in recent years.

AB Exec of '09 Joe Stanley On Building One Architecture Firm Out of Two

by Arkansas Business Staff 2/16/2015 12:00 am

A graduate of the Jones School of Architecture at the University of Arkansas, Joe Stanley started his architectural career in 1971 in Memphis. In 1977, he moved back to Arkansas to start Polk Stanley. In 2009, after a merger with The Wilcox Group, Stanley was named CEO.

Power Technology Receives $100k from ASTA to Develop Laser Projection System

by Arkansas Business Staff 2/13/2015 03:12 pm

Power Technology Inc. of Alexander has developed a laser projection technology called Illumina that it believes can replace traditional movie projection systems. The Arkansas Science & Technology Authority has invested $100,000 in the technology.