Investments

Seed Capital Sources Growing to Meet Arkansas Deal Flow

Seed Capital Sources Growing to Meet Arkansas Deal Flow
The tech startup deal flow in Arkansas is blossoming, thanks in large part to the efforts of Innovate Arkansas to match entrepreneurs with available funding sources, both public and private.

As the state's tech startup ecosystem has evolved over the last decade, public and private resources are providing the seed capital funding necessary to help tech founders avoid the dreaded entrepreneurial “valley of death,” that tenuous time between launch and first revenue.
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Innovate Arkansas Connects Client Firms to Funding Options

Over the past six years, Innovate Arkansas has helped its client firms raise $197 million in private capital.
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Soul of the South Faces Money Woes, Lays Off Some Workers

Less than two years after the launch of Soul of the South — backed by nearly $2 million awarded by the state — the television network is struggling to pay its bills, laying off employees and fighting at least one lawsuit.
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PAM Executives Got Pay Bumps After Profitable 2014

President and CEO Dan Cushman received total compensation of $1.38 million in 2014, according to a proxy statement filed with the SEC. Cushman made $720,034 in 2013. The pay increase came after a year in which PAM posted net income of $13.5 million, an increase of 129 percent from 2013. read more >

Arkansas Jobless Rate Down to 5.5 Percent

The state's unemployment rate fell to 5.5 percent in February, down a tenth of a percentage point from January, according to data released Friday by the state Department of Workforce Services. read more >

Asa Hutchinson Names Mike Preston as New AEDC Director

Gov. Asa Hutchinson on Thursday announced Mike Preston as the new executive director of the Arkansas Economic Development Commission. Preston previously served as director of government relations for Enterprise Florida. read more >

Windstream Board Gives Final Approval for REIT

The company said that the board's decision to spin off certain network assets into the new company, Communications Sales & Leasing Inc., will also result in a prorated cash dividend upon its closing. read more >

Incentives Boost Pay for Bank of the Ozarks' Executives

Each of Bank of the Ozarks Inc.'s named executive officers saw increases in total compensation in fiscal 2014, according to a proxy filed Thursday with the U.S. Securities and Exchange Commission. read more >

2 Murphy USA Executives See Total Compensation Rise

Two top executives at Murphy USA Inc. of El Dorado received boosts to total compensation in 2014, according to the company's proxy filed Thursday with the U.S. Securities and Exchange Commission. read more >

Value of $1 Million-Plus Deals Jumps 70 Percent

The number of $1 million-plus commercial real estate deals in Pulaski County didn't increase significantly during 2014. But the same can't be said for the dollar total of the transactions, which ballooned by a whopping 70 percent compared with 2013. read more >

Arkansas Baptist's Fitz Hill Sees Education, Urban Revitalization and Investments Intertwined

Dr. Fitz Hill, who was born and raised in Arkadelphia, was named president of Arkansas Baptist College in 2006. He talks to Arkansas Business about his vision for education and urban renewal. read more >

Allens' Successor Sager Creek Also Faced Financial Trouble

The company that bought Allens Inc. of Siloam Springs out of bankruptcy was just a week away from filing its own Chapter 11 bankruptcy in February, according to the trustee for Allens. Sager Creek Vegetable Co. “had significant cash-flow problems,” Allens' Chapter 7 Trustee R. Ray Fulmer II of Fort Smith told Arkansas Business. read more >

Capital Gains Tax Break Passes Arkansas House Committee

Some Arkansas lawmakers are trying to restore a 2013 capital gains tax break that had been scaled back to help pay for a middle class income tax cut earlier this year. read more >

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