Business Services Archive

Inaugural Class of Arkansas Fellows Revealed This Week

by Mark Carter 6/2/2014 12:00 am

The inaugural class of Arkansas Fellows will be revealed Wednesday at a Governor's Mansion reception. The new Arkansas Fellowship program pairs graduating college seniors from state schools with Arkansas-based host companies for two-year internships that will pay an annual salary of $40,000.

Boyle Redevelopment Starts With $4.6M Buy (Real Deals)

by George Waldon 6/2/2014 12:00 am

An Aloft Hotel project is trailing the $4.6 million sale of a 12-story building in downtown Little Rock. A Chick-fil-A restaurant in midtown Little Rock tipped the scales at $1.87 million. And ownership of a 10,791-SF retail project in west Little Rock was consolidated in a $345,000 transaction.

Got Cash? (Craig Douglass On Consumers)

by Craig Douglass 6/2/2014 12:00 am

Are some entities suffering by not adding to their payment options? The answer, of course, is yes.

The Cost of Winning at All Costs (Barry Goldberg On Leadership)

by Barry Goldberg 6/2/2014 12:00 am

For any change to happen (whether it proves positive or detrimental), some oppositional energy is required. Advocacy and debate are supposed to be a constructive process of developing the best ideas and possibilities, refined and melded into a solution. But when the debate devolves into finger-pointing and a desperate insistence on being right and even demonizing others who have a different view, we do not see those benefits. We only get the diatribe.

Oaklawn's Eric Jackson Sees Hot Springs Tourism Staying on Track

by Arkansas Business Staff 6/2/2014 12:00 am

Eric Jackson has worked in an administrative capacity at Oaklawn since 1978. In the 1980s, he helped develop the park's interstate full-card simulcasting with merged pool wagering system. Simulcasting of this type now accounts for 80 percent of wagering placed on horse racing in North America. He became Oaklawn's general manager in 1987 and has served on Oaklawn's board of directors since 1994.

Village Green, Citgo Part of Recent Million-Dollar Deals

by Arkansas Business Staff 6/2/2014 12:00 am

A 172-unit apartment project in southwest Little Rock leads the way in this installment of seven-digit deals.

Renovations at River Market Marriott Include Revamp of Restaurant

by Arkansas Business Staff 6/2/2014 12:00 am

The Courtyard by Marriott in Little Rock's River Market District recently completed $2.4 million in renovations that include a new restaurant, The Bistro.

Bentonville Remains Atop Arkansas Tech Business Index

by Lee Hogan 5/30/2014 04:55 pm

Bentonville remained atop the Arkansas Tech Business Index's ranking of 16 municipalities across the state, accrording to data compiled for February. In all, 10 cities were above the state average since 2009.

RinseWell's 'Sexy Technology' Saves Water

by Mark Carter 5/28/2014 08:34 am

Through its RinseWell product, Fayetteville's Recycled Hydro Solutions hopes to revolutionize water conservation through the dipper wells used in the food service industry, starting with ice cream shops.

Crystal Washington to Talk Social Media for Pros at IABC Workshop

by Arkansas Business Staff 5/27/2014 10:34 am

The Arkansas Chapter of the International Association of Business Communicators is holding a workshop on social media for professional communicators.

Four Join List of 75 Largest Private Companies in Arkansas

by Gwen Moritz 5/26/2014 12:00 am

The 75 largest private companies in Arkansas generated total revenue — self-reported and estimated — of $31.15 billion in their most recent fiscal years, and the price of entry to the list was $88.8 million.

St. Bernards' Revenue Climbs 8 Percent to $355 Million in 2013

by Mark Friedman 5/26/2014 12:00 am

St. Bernards, which operates the 438-bed St. Bernards Medical Center and clinics in northeast Arkansas, saw its net revenue climb 8 percent to $354.6 million for the fiscal year that ended Sept. 30. It was good enough for No. 26 on Arkansas Business' list of largest private companies ranked by revenue.

Manufacturers See Improved Revenue

by George Waldon 5/26/2014 12:00 am

Sales gains were prevalent among manufacturing concerns on this year's list of 75 largest private companies. Four of the five Arkansas manufacturing firms reported improved revenue for 2013.

Driver Shortage Costing Trucking Companies

by Marty Cook 5/26/2014 12:00 am

Sure, Williams' Maverick USA Inc. of North Little Rock reported 2013 revenue of $315 million, an increase of nearly 10 percent from 2012, to hold onto its place as the second-largest private transportation company in Arkansas. But, if Williams had a few more — or a lot more — drivers, he could have used them.

Big Slice of Park Avenue Draws $23.4M Transaction (Real Deals)

by George Waldon 5/26/2014 12:00 am

About 70,200 SF of retail space and a two-story parking deck in midtown Little Rock weighed in at $23.36 million. Six pieces of the Park Avenue project on University Avenue were sold to Illinois trust group.

Storage Projects Draw Seven-Digit Sales (NW Real Deals)

by Marty Cook 5/26/2014 12:00 am

Virtus Real Estate Capital LLC of Austin, Texas, paid nearly $4 million for two self-storage projects in Benton County. Together, the two facilities have more than 800 storage units.

Your Brain on Lists (Editorial)

by Arkansas Business Editors 5/26/2014 12:00 am

There is something in the human brain that likes to see data organized in lists. In our newsroom, we know that our weekly lists are primarily used for sales leads — that's a service to our audience that we are happy to perform.

I've Got a Tip for You (Gwen Moritz Editor's Note)

by Gwen Moritz 5/26/2014 12:00 am

Every other year since 2000, the Association of Certified Fraud Examiners has issued a big, thick study that it calls, ominously, “Report to the Nations on Occupational Fraud.” The eighth Report to the Nations was released this month, and it came to the same conclusion as earlier ones: A typical organization loses 5 percent of revenue each year to fraud.

Patent Reform Proposals Threaten Innovators (Jerry McCormick Commentary)

by Jerry McCormick 5/26/2014 12:00 am

America's innovators are the backbone of the country's economy. They produce powerful new technologies that shape the way we live and learn, and they fuel economic growth on both a local and national level. In Arkansas, our patent system provides the protections needed for companies to develop exciting new products in advanced energy, nanotechnology, biomedicine and electronics, among other fields.

Little Rock's Sumotext Lands Starbucks Mobile Messaging Account

by Mark Carter 5/23/2014 10:22 am

Rumors have swirled recently that Little Rock mobile messaging giant Sumotext had struck a deal with Starbucks, that little coffee chain out of Seattle.