Tagged: arkansas development finance authority

Soul of the South Investors Battle Over KMYA License

by George Waldon 5/2/2016 12:00 am

The broadcast license for KMYA-TV, Channel 49, that Soul of the South Network investors are fighting over was an important piece to a funding puzzle two years ago.

FBI Peers Into Soul of the South Finances

by Arkansas Business Staff 4/11/2016 12:00 am

Inquiries about how the Arkansas Development Finance Authority and the Arkansas Economic Development Commission came to invest more than $1.7 million in Soul of the South's short-lived financial fiasco are being made.

Investors Battle Over Valuable Soul of the South License

by George Waldon 4/4/2016 12:00 am

A schism among Soul of the South investors has erupted into a lawsuit over control of the venture’s most valuable asset: the broadcast license for KMYA-TV, Channel 49.

Storage Development Draws $1.4M Sale (Real Deals)

by George Waldon 9/14/2015 12:00 am

A 240-unit mini-storage project in west Pulaski County weighed in at $1.4 million, and a 24-unit loft project in downtown Little Rock is under new ownership after a $455,000 foreclosure sale.

With Operating Expenses Reduced, Soul of the South’s Future Unclear

by Sean Beherec 7/27/2015 12:00 am

The fledgling television network is the subject of at least two lawsuits in federal court and has been notified it owes $250,000 on a loan from the state. But at least one board member says he is hopeful that good things are in the works.

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.

ADFA Invests $5M in Atlanta's Noro-Moseley Partners, Early Investor in Acumen Brands

by Mark Carter 3/5/2015 10:17 am

Noro-Moseley is a venture-capital fund that has been increasing its activity in Arkansas. In 2010, it invested $3.5 million in Fayetteville's Acumen Brands.

ADFA: Four Funds to Help Grow Startups

by Mark Carter 2/2/2015 12:00 am

The Arkansas Development Finance Authority’s Arkansas Venture Capital Investment Trust consists of four funds created to provide a unique set of financial resources for startups.

Homebuilders Association Questions Accounting of Former EVP Julie Mills

by Arkansas Business Staff 12/8/2014 12:00 am

The Arkansas Homebuilders Association has asked a Pulaski County Circuit judge to order a former executive to account for certain financial transactions she was responsible for during her tenure.

Beebe Taps Gene Eagle To Head Arkansas Development Finance Authority

by Arkansas Business Staff 2/24/2014 12:00 am

Gene Eagle was recently appointed president of the Arkansas Development Finance Authority by Gov. Mike Beebe, succeeding Mac Dodson, who retired on Jan. 31. The ADFA specializes in low-cost financing for low- to moderate-income housing development, small industries and agricultural businesses.

Soul of the South Buys Little Rock HQ

by Luke Jones 1/20/2014 12:00 am

Soul of the South, a new television network targeting African-American viewers from Southern states, says it will pump up its Little Rock headquarters in order to expand its national reach.

ARK Challenge Accelerator Hopes to Continue Success

by Mark Carter 5/6/2013 12:00 am

Later this month, perhaps even as soon as this week, ARK officials hope to name the 10 startup finalists who will relocate to Fayetteville and compete for up to $150,000 available to two overall winners of this mentorship-driven startup boot camp.

LR Housing Authority To Build Green Housing for Senior Citizens

by Karen Martin 11/10/2010 10:44 am

Little Rock Housing Authority plans to build an environmentally friendly facility to provide housing for seniors ages 62 and older. Funding will be supported by the U.S. Department of Housing and Urban Development (HUD) and Arkansas Development Finance Authority (ADFA).