Investments

Tax Reform Poses Threat to Historic Preservation Program This article is available only in print.

Tax Reform Poses Threat to Historic Preservation Program

Tax reform proposals wending their way through Congress threaten federal historic tax credits, financial incentives that Arkansas developers, government officials and historic preservationists say have been crucial to economic development efforts in the state.
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UAMS' Projected Deficit Rises to $72M This article is available only in print.

UAMS is reviewing ways to increase revenue and slash costs, including possible layoffs to its staff of about 10,000. It is one of the state's largest employers.
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Lakewood Hills, WLR Courtyard by Marriott Lead Off Big Property Buys This article is available only in print.

A hotel, breastaurant, apartments and two homes in Little Rock plus apartments and retail space in North Little Rock combined with a carwash and retail property in Bryant with residential lots in Benton equal this week's group of big real estate transactions.
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Fed Rate Increase is 3rd This Year; Foresees 3 More in 2018

The Federal Reserve is raising its key interest rate for the third time this year and foresees three additional hikes in 2018, a vote of confidence that the U.S. economy remains on solid footing 8½ years after the end of the Great Recession. read more >

Relyance Bank to Acquire Heartland Bank Branches

Relyance Bank of Pine Bluff said Wednesday that it will acquire Heartland Bank branches in Bryant, Fordyce and Sheridan and take on certain deposit accounts at Heartland locations in Little Rock. read more >

Fed Set to Raise Rates as Yellen Gives Final News Conference

Investors seem certain about this: The Federal Reserve is going to raise interest rates this week for the third time this year. read more >

Preserve Historic Tax Credit (Editorial)

One of the tax credits in the crosshairs of Congress is the historic tax credit, which developers and historic preservationists across Arkansas have made excellent use of not only to preserve important historic structures but to stimulate development. read more >

Game Plan Unaltered in Conway's Shoppes at Central Landing Project

Conway Development Corp. is in talks with a new developer for the Shoppes at Central Landing in Conway and expects to close within weeks on its purchase of the site of the project from the city. read more >

Citizens Bank Advances Two to Head Batesville Call Center (Movers & Shakers)

Bryan Wagner has been promoted to agri banking relationship manager by Regions Bank in Jonesboro. Brock Fletcher has been hired as a commercial banking relationship manager. read more >

Attorney's Many Hats Complicate Redstone Trust Case

The May 2016 death of Michael Allen Lasiter, who owned Redstone Construction Group Inc. of Little Rock, has led to litigation over the handling of his trust, which is expected to be worth more than $10 million after estate taxes are paid. read more >

ECCI Partners Sidestep Pitfalls of Transition

Almost since they went into the environmental engineering business, Stan Jorgensen, Bob Harrison and Rod Breuer have been thinking about an exit strategy. read more >

Walter Quinn Sues Heartland Bank, Richard O' Brien

Once the largest stockholder in the Little Rock bank, Quinn claims O'Brien contributed to his financial difficulties and pushed him out of Heartland. His complaint alleges breach of fiduciary duty and fraud. read more >

Judgment Made in '$10 Billion' Fraud Case

A New York investor received a $450,000 judgment last week from an Bryant man who boasted about having connections to former President Bill Clinton. read more >

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