Tagged: arkansas economic development commission

Oshkosh Corp. Beats Lockheed Martin, AM General to Make JLTVs

by Lance Turner 8/25/2015 4:05 pm

The U.S. Army on Tuesday awarded a contract to build the military's new Joint Light Tactical Vehicle to Oshkosh Corp. of Oshkosh, Wisconsin, beating Lockheed Martin, which would have made the vehicles in Camden.

Mike Preston: Develop Rural Parts of Arkansas, Improve Workforce

by Alexis Hosticka 8/4/2015 2:16 pm

Four months on the job, and Mike Preston, executive director of the Arkansas Economic Development Commission, said he has helped to secure 22 new or expanding company contracts for jobs in the state.

AEDC Receives $20M to Expand University Research

by Arkansas Business Staff 8/3/2015 9:47 am

The Arkansas Economic Development Commission's Division of Science and Technology will receive $20 million from the National Science Foundation over five years to expand research at colleges and universities in Arkansas.

AEDC Director's Wife Hired as Anchor for SSN Media

by Arkansas Business Staff 7/27/2015 12:00 am

The wife of Mike Preston, the new director of the Arkansas Economic Development Commission, has landed a new job. The television news personality was hired on at SSN Media Gateway at the end of June, according to Managing Partner Jeff Lyle.

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 Owes AEDC $250,000

by Arkansas Business Staff 7/20/2015 12:00 am

AEDC says Soul of the South owes payment on a $250,000 loan from the Governor’s Quick Action Closing Fund that came due June 5. The AEDC granted the loan in December, bringing the total state investment in the company to $1.75 million.

Winners and Losers (Editorial)

by Arkansas Business Editors 7/20/2015 12:00 am

A couple of green industries in Arkansas — wind and biodiesel — have taken hits in the past few years, as this issue of Arkansas Business makes clear.

Biodiesel Industry Falters; Lack of Support Cited

by Austin DuVall 7/20/2015 12:00 am

Declining gasoline prices that cut demand for biodiesel and the increasing popularity of compressed natural gas as a fuel are two other factors behind the industry’s doldrums, the Arkansas Economic Development Commission and others say.

Once Bright, Wind Sector In Arkansas Founders

by Sean Beherec 7/20/2015 12:00 am

What began as a promising new manufacturing sector for the state has petered out into one the Arkansas Economic Development Commission no longer actively pursues.

Lottery Officials Quiet on New Hire After Former Sales Director Scratched

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

You’d never know it from reading the reports of his firing in the Arkansas Democrat-Gazette, but Robert Stebbins was not directly responsible for ticket sales at the Arkansas Scholarship Lottery.

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.