Tagged: arkansas economic development commission

Oxane Materials Facing More Heat from Lawsuits

by Arkansas Business Staff 4/20/2015 12:00 am

Oxane Materials of Houston is facing another lawsuit in Arkansas. Thermal Specialties Construction Services LLC of Tulsa has filed suit in Crawford County Circuit Court, alleging that it wasn’t paid for work it performed for Oxane.

Arkansas Regional Innovation Hub Lauded by Business Facilities Magazine

by Sean Beherec 4/13/2015 12:00 am

The Innovation Hub, located at Broadway and Poplar Streets in North Little Rock, offers several programs to cultivate skills development and entrepreneurship. The hub also hosts events and promotes educational initiatives.

Asa Hutchinson Names Mike Preston as New AEDC Director

by Arkansas Business Staff 3/26/2015 10:58 am

Gov. Asa Hutchinson on Thursday announced Mike Preston as the new executive director of the Arkansas Economic Development Commission.

Soul of the South Faces Money Woes, Lays Off Some Workers

by Sean Beherec 3/16/2015 12:00 am

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.

AEDC Wants Seed Money Back from Oxane Materials

by Arkansas Business Staff 3/9/2015 12:00 am

AEDC has filed a complaint against Oxane Materials of Houston, Texas, seeking to recoup money given to the company in hopes of creating jobs in Van Buren.

FedEx Ground Distribution Center in Little Rock to Employ 160

by Mark Carter 2/19/2015 2:24 pm

FedEx Corp. of Memphis broke ground Thursday on a 300,000-SF Ground distribution facility in southwest Little Rock. The publicly traded logistics firm plans to employ about 160 people there.

Asa Hutchinson Appoints Mike Carroll to Economic Development Commission

by Arkansas Business Staff 1/6/2015 7:43 pm

Gov.-elect Asa Hutchinson has appointed Mike Carroll to the Arkansas Economic Development Commission.

Tunnels, Dennis Smiley, John Rogers, Wal-Mart Kept Readers Checking Online

by Lance Turner 12/30/2014 7:13 pm

A tour of the hidden underground tunnels of Hot Springs was the most-read story on ArkansasBusiness.com in 2014.

Wachter to Spend $20M, Add 20 Jobs to Expand Lowell Plant

by Arkansas Business Staff 12/16/2014 1:59 pm

Wachter Inc. of Lenexa, Kansas, is expanding its facility in Lowell, investing $2 million and adding 20 new jobs.

AEDC: LM Wind Power Paid Back $3.4M in Incentives

by Mark Carter 12/4/2014 10:43 am

The Arkansas Economic Development Commission says Danish manufacturer LM Wind Power, which operates a plant in Little Rock, has repaid the state $3.4 million in incentives following a review that indicated the company had not met specified employment goals.

Canadian Company Comact Setting Sights on Union County Sawmill

by Arkansas Business Staff 11/24/2014 12:00 am

Multiple sources have confirmed that a Canadian sawmill equipment operator called Comact — that’s pronounced “CO-mact” — is looking at buying the long-shuttered Georgia-Pacific sawmill that is now owned by private investors.

Mississippi Could Be Site for $1.2B Aluminum Mill

by Associated Press 11/18/2014 7:12 am

Mississippi appears to be the favored location for a proposed $1.2 billion aluminum mill that would hire 650 workers. But the company CEO says Arkansas, Tennessee and other states might also be in the running.

Groundbreakings Planned on Major Arkansas Projects

by Jill Bleed, The Associated Press 9/21/2014 5:33 pm

Construction work is set to begin this week on two highly anticipated projects in Arkansas: a $1.3 billion steel mill in Osceola and the new $50 million museum in Fort Smith honoring the U.S. Marshals Service.

Toymaker Redman’s Rough History Doesn’t Deter State Investment

by Marty Cook 9/8/2014 12:00 am

The state’s top economic development official said he has no undue concerns about a $2 million taxpayer investment in Redman & Associates, despite the CEO’s bankruptcy a decade ago and subsequent litigation, including a lawsuit related to the product the company is manufacturing in Rogers.

Trans-Atlantic Trade Expedition Bears Promise of Arkansas Jobs

by George Waldon 9/8/2014 12:00 am

Gov. Mike Beebe and Grant Tennille, executive director of the AEDC, hinted that meetings in Europe would yield announcements in the not-so-distant future regarding new jobs and capital investment in Arkansas.

AEDC Awards $1.4M in Development Grants

by Associated Press 8/15/2014 11:48 am

Arkansas has awarded nearly $1.4 million in grants for structural improvements in eight communities.

Blue Rooster to Open Poultry Plant in Warren, Employ 100

by Arkansas Business Staff 8/13/2014 11:30 am

A company called Blue Rooster plans to open a poultry deboning operation and employ 100 people at 110 Industrial Park Drive in Warren, the Arkansas Economic Development Commission said Wednesday.

Big River Steel's John Correnti on Government's Role in Private-Sector Projects? 'Stay Out'

by Arkansas Business Staff 7/28/2014 12:00 am

John Correnti, chairman and CEO of Big River Steel LLC, has more than 40 years of experience in the steel industry. Big River Steel, a $1.3 billion project, is being built in Mississippi County near Osceola. It’s expected to employ more than 525 workers with average yearly compensation of $75,000.

State OKs $2M to Convert Former Nordex USA Plant

by Associated Press 6/13/2014 9:53 am

The Arkansas Economic Development Commission said Thursday that the money will help TrinityRail Maintenance Services Inc. convert the now-closed Nordex USA wind turbine in Jonesboro.

Influence and Income Inequality (Blake Rutherford On Politics)

by Blake Rutherford 5/6/2014 7:05 pm

Income equality is rising in the United States, and a new study from Princeton and Northwestern shows power more concentrated in elites than ever before. The ramifications on Arkansas's economy are significant, and the response will shape our financial landscape for decades to come.