Tagged: arkansas economic development commission

Deal Reached for Nordex to Pay Back $2.5M in Incentives

by Arkansas Business Staff 8/30/2013 1:56 pm

Nordex USA has reached an agreement with the state of Arkansas and the city of Jonesboro to repay more than $2.5 million in grants it received to build its wind turbine manufacturing plant.

HP, Nordex Expected To Refund Incentive Funds After Failing to Meet Goals

by Mark Friedman 8/26/2013 12:00 am

Companies that take cash from the Governor’s Quick Action Closing Fund and then fail to deliver on the promises of jobs should expect to repay some of the incentive money.

Arkansas Photonics Industry Alliance to Align Optics Companies

by Luke Jones 8/12/2013 12:00 am

Two optics entrepreneurs are working to unite the state’s photonics manufacturing industry by creating the Arkansas Photonics Industry Alliance, a cluster of all the companies in the state that are opto-electric manufacturers.

Wind Supporters Link Subsidies to Survival of Arkansas' Wind Energy Sector

by Luke Jones 7/15/2013 12:00 am

With the announced closure of Nordex USA’s wind turbine plant in Jonesboro, it’s starting to look like Arkansas’ wind energy industry didn’t survive the election.

Hewlett-Packard, Nordex Take A Bite Out of Arkansas Jobs

by Chuck Bartels, The Associated Press 7/9/2013 7:19 am

Hewlett-Packard's announcement that it will lay off 500 workers in Conway dealt Arkansas a second blow in as many weeks from once-promising employers whose business models didn't work as expected.

Update: Hewlett-Packard to Lay Off 500 in Conway

by Luke Jones and Lance Turner 7/8/2013 3:33 pm

Hewlett-Packard, the computer and information technology services company that has struggled as PC sales have declined, said Monday that it is laying off 500 people at its services center in Conway.

AEDC Chief Grant Tennille Backs Gay Marriage

by Andrew DeMillo, The Associated Press 7/8/2013 11:26 am

Arkansas' top economic development official calls for legalizing gay marriage and says the move could make the state a leader in the South and attract new business.

Landing Dassault Falcon: How Local Officials Collaborated on a $60M Expansion Deal

by Luke Jones 7/1/2013 12:00 am

Dassault Falcon Jet’s $60 million, 250,000-SF expansion announced in May was the result of years of state and federal officials toiling to make the Clinton National Airport the best location for the jet finishing facility.

Gov. Mike Beebe Slams Congress as Nordex Stops Production

by Luke Jones 6/28/2013 11:18 am

Production at Nordex USA in Jonesboro might have continued if Congress had put more power into a federal tax credit for wind companies, Gov. Mike Beebe tells Arkansas Business.

AEDC on Nordex: 'This Did Not Catch Us By Surprise'

by Luke Jones 6/28/2013 10:00 am

A spokesman for the Arkansas Economic Development Commission says that the end of production at the Nordex USA facility in Jonesboro "did not catch us by surprise," and that the wind energy company was working with the AEDC on what would happen to millions of dollars in incentives for the plant.

Del Boyette on Maintaining Economic Development in Arkansas

by Arkansas Business Staff 6/17/2013 12:00 am

Boyette was executive director of the Arkansas Industrial Development Commission (now the Arkansas Economic Development Commission) from 1993 to 1997. He went on to become the deputy commissioner for economic development for the Georgia Department of Industry, Trade & Tourism, eventually forming his own economic development consulting company, Boyette Strategic Advisors, and returning to Arkansas.

Del Boyette Offers 3 Wishes as Advice for Path to Success

by Arkansas Business Staff 6/17/2013 12:00 am

Del Boyette, now the president and CEO of Boyette Strategic Advisors of Little Rock, was 37 when he was named to the first class of Arkansas Business’ 40 Under 40 in 1994. At that time, he was executive director of the Arkansas Industrial Development Commission (now the Arkansas Economic Development Commission).

We Can’t Tell What We Don’t Know (Gwen Moritz Editor's Note)

by Gwen Moritz 6/10/2013 12:00 am

There were many factors in why an announcement about a major expansion at Remington Arms' plant in Lonoke didn't come off with a bang.

Innovate Arkansas Clients Fill State's Borders, Represent Different Industries

by Innovate Arkansas Staff 6/3/2013 2:44 pm

Innovate Arkansas, the partnership between the Arkansas Economic Development Commission and Winrock International, was established to nurture technology-based startups in Arkansas and help grow high-wage jobs in the state.

MISO Plans Operations Center, Up to 50 Jobs in Little Rock

by Arkansas Business Staff 5/8/2013 11:01 am

MISO, a regional power transmission provider that boasts Entergy Arkansas among its members, is planning an operations center in Little Rock that could employ up to 50 people.

Quest for Helena Port Tenants Took 20 Years

by Luke Jones 4/29/2013 12:00 am

In 1993, Helena’s slackwater harbor was completed and county officials promised it would attract manufacturing jobs to the crumbling, poverty-ridden Mississippi Delta region. But it’s taken 20 years for that promise to ring true: Last year, the harbor welcomed its first-ever industrial client.

Conway: Arkansas’ Tech Job Magnet

by Luke Jones 4/15/2013 12:00 am

The recent movement of publicly traded Inuvo Inc. to Conway is the latest success story for the city’s active push to draw in more technology jobs.

Big River Steel Bills Ready for Next Step in Legislature

by Lance Turner 3/12/2013 11:40 am

Arkansas legislators by Monday had filed at least 10 bills dealing with state incentives for the $1.1 billion Big River Steel manufacturing plant proposed for a site near Osceola (Mississippi County).

Legislative Consultant to Vet Big River Steel Project

by Chuck Bartels, The Associated Press 2/24/2013 5:12 pm

The clock is running as legislators seek information about a $1.1 billion steel plant proposed for Osceola. As of Monday, the House and the Senate have 18 working days to look into whether it would be right for the state to $125 million to help finance the project.

AEDC Submits Big River Steel Package to Carter, Lamoureux

by Mark Carter 2/21/2013 12:54 pm

The Arkansas Economic Development Commission delivered to House and Senate leaders the letter of commitment signed by Big River Steel and the state.