Tagged: arkansas economic development commission

Deal To Buy Soul of the South HQ Scorched

by Arkansas Business Staff 7/13/2015 12:00 am

An offer to purchase the note on the building housing Soul of the South and several related entities fell through after three days late last month.

Aerojet Rocketdyne to Expand Plant in Calhoun County, Add 85 Workers

by Arkansas Business Staff 6/22/2015 3:02 pm

Aerojet Rocketdyne says it will expand its operation in the Highland Industrial Park in East Camden, adding 85 jobs to bring total employment there to more than 630.

Arkansas Aerospace’s Summer in Paris

by Marty Cook 6/22/2015 12:00 am

Arkansas too often keeps some “well-kept secrets” as far as business goes. The aerospace industry doesn’t want to be secretive anymore.

Film Festivals Highlight Arkansas Culture, Put Cities in Display

by Alexis Hosticka 6/3/2015 8:33 am

In the last decade, the film industry has garnered increasing interest in Arkansas, as evidenced by the number of film festivals taking place across the state.

Arkansas Worker Education Ready for Makeover

by Jan Cottingham 5/11/2015 12:00 am

Over a year after state Sen. Jane English began her crusade to reform workforce education in Arkansas, Charisse Childers is poised to carry out what English thinks is the centerpiece of that reformation: Act 892 of 2015, signed into law last month.

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.