Manufacturing Archive

Jobless Rates Down in 3 of 6 Arkansas Metros

by Arkansas Business Staff 2/5/2014 10:28 am

Unemployment rates were down or steady in four of six Arkansas metropolitan areas surveyed by the U.S. Bureau of Labor Statistics, data released Wednesday by the agency revealed.

Arkansas Utilities Benefit From Wind Energy Subsidies

by Luke Jones 2/3/2014 12:00 am

Wind energy generation is on the rise in the states surrounding Arkansas, and the renewable resource is seeing more use from some of the state's utility companies.

Arkansas Jobless Rate Falls to 7.4 Percent

by Mark Carter 1/28/2014 09:12 am

The unemployment rate in Arkansas dropped one-tenth of a percentage point to 7.4 percent in December, according to the Arkansas Department of Workforce Services.

Allen Engineering of Paragould Debuts New Products

by Eric Monson 1/27/2014 12:00 am

The company is releasing two new variations of its Mechanical Super Pro riding trowels for smoothing concrete.

In Fort Smith, Leaders Building A ‘Post-Industrial' World

by Marty Cook 1/27/2014 12:00 am

Fort Smith took a hard hit in the recession and lost a bounty of jobs when Whirlpool ceased operations in the city in 2012. There have been a number of job announcements for Fort Smith throughout the past year, but those announcements haven't helped tax revenue.

Bean Lumber Bankruptcy Blamed On Scam

by Mark Friedman 1/27/2014 12:00 am

Almost four years ago, Willy Andreas “Andy” Kirsch, the director of Malteco Business Consulting Group Inc. of Irving, Texas, offered to invest $10 million in Bean Lumber Co. of Glenwood in exchange for 25 percent ownership of the company. All Bean Lumber had to do was pay $125,000 to Malteco before it received the $10 million.

WSJ: Prime-Line in Malvern Among Cautious Businesses Slow to Add Jobs

by Lance Turner 1/23/2014 11:39 am

The Wall Street Journal visits with Prime-Line Inc.'s CEO and examines why American companies are so cautious about adding jobs.

Wal-Mart to Launch $10M Innovation Fund for U.S. Manufacturing

by Mark Carter 1/23/2014 10:43 am

The five-year program will launch in March and provide grants to innovators in the manufacturing sector.

Get Tickets Now for 26th Arkansas Business of the Year Awards Banquet

by Arkansas Business Staff 1/23/2014 10:41 am

Tickets are available now for the 26th Annual Arkansas Business of the Year Awards banquet, which honors the state's most outstanding businesses, nonprofit organizations and executives.

$100 Million-Plus Deals Dominate Biggest Deals of 2013 List

by Gwen Moritz 1/20/2014 12:00 am

The number of high-value mergers and acquisitions in Arkansas — those believed to be worth $9 million or more — dropped in 2013 to 73 compared with 80 in 2012. But the number of really high-value deals — those worth $100 million or more — jumped from 14 in 2012 to 26 in 2013.

Interpreting the Unemployment Rate (Michael Pakko Commentary)

by Michael Pakko 1/20/2014 12:00 am

The most commonly cited measure of labor market conditions is the unemployment rate, defined as the ratio of number of employed to number of labor force participants. But the unemployment rate expresses itself as a fraction of the labor force, it provides an incomplete picture, and it can give misleading signals. During the recent recession and recovery, for example, labor force participation has fallen sharply — and unlike unemployment rates, participation rates have shown little sign of recovery.

Legal Action Over Welspun Fire Heats Up

by Arkansas Business Staff 1/20/2014 12:00 am

Another lawsuit has risen from the ashes of a nearly $30 million fire at Welspun Pipes Inc.'s Little Rock plant in 2012. The latest one is by an insurance company trying to get out of paying for the defense of one of its customers, Entech Inc. of Conway.

Kathy Deck: No Quick Turnaround for Employment in Arkansas

by Marty Cook 1/16/2014 02:50 pm

Arkansas' job growth prospects don't look particularly rosy in the immediate future, and a shrinking labor force isn't helping the state return to pre-recession levels, according to economists at the Quarterly Business Analysis luncheon Thursday in Rogers. "The whole story is about the labor force," Kathy Deck says. "It tells a dreadful story."

NanoMech Plans New Headquarters in Springdale

by Arkansas Business Staff 1/15/2014 07:17 am

NanoMech buys its existing factory in Springdale and will build an adjoining 25,000-SF headquarters. The new, $10 million project will add 25-50 new jobs, the company said.

Retail, Transport Among Central Arkansas' Strengths in Economic Recovery

by Arkansas Business Staff 1/13/2014 12:00 am

Metroplan recently released its latest “Metro Trends: Economic Review and Outlook” report, in which the agency examines the region's rate of economic recovery four years after the official end of the Great Recession in June 2009.

Tyson Foods CEO Donnie Smith to Moderate Business Forecast Luncheon

by Lance Turner 1/8/2014 11:38 am

The University of Arkansas will host a panel of economic forecasters for its 20th annual Business Forecast Luncheon on Thursday, Jan. 16.

Metroplan: Slow, Steady Growth and More Youth in Urban Core

by Mark Carter 1/6/2014 09:46 am

Metroplan releases its 2013 "Economic Review and Outlook," revealing slow but steady economic growth for central Arkansas and growth in the number of young adults seeking homes in the urban core.

Fayetteville's SFC Fluidics Raises $1M

by Arkansas Business Staff 1/6/2014 12:00 am

A Fayetteville biotech company has raised $1 million, according to a Dec. 27 filing to the U.S. Securities & Exchange Commission.

No Daily Report, E-newsletters on Wednesday

by Arkansas Business Staff 12/30/2013 11:30 am

ArkansasBusiness.com will not send the Daily Report or weekly industry e-newsletters on Wednesday, New Year's Day.

Unbuilt Steel Mill Biggest 2013 Arkansas Economic News

by Chuck Bartels, The Associated Press 12/30/2013 08:46 am

A $1.1 billion steel mill proposed for northeast Arkansas was the state's biggest economic announcement of 2013, but excitement over the plant was tempered by job losses elsewhere in Arkansas.