Small Business

Southern Bancorp Community Partners Raises $2.5M to Expand Loans
Darrin Williams

Southern Bancorp Community Partners Raises $2.5M to Expand Loans

Southern Bancorp Community Partners has raised $2.5 million toward a $5 million goal to expand its revolving loan fund for underserved communities in Arkansas and Mississippi.
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VentureBeat: Fayetteville's Qbox Raises $2.4M

Qbox is a cloud-based, search database for businesses. Formerly known as StackSearch, it won the ARK Challenge accelerator in 2012. The funding round was led by Vulcan Ventures and other funds based in Silicon Valley.
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NLRB Ruling Can Hurt Small Business, Groups Say

A National Labor Relations Board ruling that modified the definition of an employer could hurt small businesses including franchises and subcontractors, according to industry groups that advocate for those companies.
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Startup Junkie's 2.7.0 Accelerator Launches with 11 Firms

Promoting startups owned by women, minorities and military veterans is the aim of the 2.7.0 accelerator from Fayetteville's Startup Junkie that began its 14-week run on Tuesday.
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Cree Rebrands Division That Includes Fayetteville as Wolfspeed

Semiconductor manufacturer Cree Inc. has rebranded its power and radio frequency division, which includes the former Arkansas Power Electronics International of Fayetteville, as Wolfspeed, the publicly traded company announced. read more >

Bentonville Retains Top Spot on ATBI

Bentonville retains its spot atop the Arkansas Tech Business Index, while eight of the 18 cities listed on the index finished the second quarter of 2015 with a rating greater than 100. read more >

Cree Fayetteville Receives $4M from USAF for F-35 Power Module

Cree Inc., the LED and semiconductor manufacturer that purchased Arkansas Power Electronics International of Fayetteville in July, received a $4.1 million contract from the U.S. Air Force. read more >

City Market Chain Bags Up Mayflower Food Stores

City Market, a small chain of grocery stores based in Little Rock, has signed an asset purchase agreement with Mayflower Food Stores Inc. to buy that company's two stores, one in Stuttgart and another in Carlisle (Lonoke County). read more >

John James Looks to Make New Mark With Hayseed

Hayseed, which moved into the Old Post Office building on the downtown Fayetteville square, hopes to raise $6 million to help the next generation of Acumens. James said Hayseed has already partnered with four startups and is consulting a fifth. read more >

Startup Apptegy Aims to Improve School Communication

Apptegy, the Little Rock startup from Jeston George, has meshed all school communication channels into one platform. read more >

Harrison's ReBounces Puts Extra Life Into Tennis Balls, Courts

ReBounces, founded in 2008 and one of the first startups affiliated with the Innovate Arkansas program, developed a way to repressurize old tennis balls and give them new life. read more >

Jeannette Balleza Collins on the Agility of Arkansas Startups

Jeannette Balleza Collins is a freelance strategic consultant with Scribe Marketing, which she founded in 2004, as well as the manager of the Tonic NWA Fund, an angel investment fund she co-founded. read more >

Build IT to Feature Mainstream Technologies Founders

Next week's Venture Center Build IT "fireside chat" speaker series features the founders of Little Rock's Mainstream Technologies. read more >

Phyzit Adds Former A Briggs Passport Chief Mike Blanchat as President

Blanchat is the former president for A Briggs Passport & Visa Expeditors, which was sold last fall to CIBT. Phyzit, founded by Little Rock pediatric urologist Stephen Canon and his father Mike, has developed an app that enables doctors and patients to communicate post-visit via telemedicine and mobile messaging. read more >

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