Arkansas Commerce Secretary Mike Preston says the COVID-19 pandemic is an “unprecedented” challenge to the state's economy, but the state is in a good position to cushion the blow to businesses and employees.
Employment in the United States is forecast to grow by 8.4 million jobs to 169.4 million jobs during the decade of 2018-28, according to the U.S. Bureau of Labor Statistics. Or it was; the report was released months before the coronavirus pandemic caused widespread job losses.
Murphy Oil Corp. announced Thursday that President and CEO Roger Jenkins has, pending test results, a presumptive diagnosis of COVID-19.
The online retailer is in the process of building an approximately 3 million-SF center at the port, sources told Arkansas Business. The building is expected to have four levels, each being about 850,000 SF. read more >
Arkansas Business is regularly updating this page with links and contact information for businesses affected by the COVID-19 pandemic. read more >
American manufacturing slide in March, dragged down by economic fallout from the coronavirus outbreak. read more >
Businesses can begin preparing now to apply for assistance under the federal rescue package signed last week by President Trump, but it will be about two weeks before they can turn in their paperwork. read more >
Arkansas' unemployment rate was unchanged at 3.5% last month, according to a report Friday by the Arkansas Division of Workforce Services. read more >
“Just like communities all across the United States, we're certainly not immune to the challenges that the COVID virus presented,” Mark Young of Jonesboro Unlimited told Arkansas Business. read more >
J.B. Hunt Transport Services Inc. of Lowell said it would pay a $500 bonus for drivers and field personnel for their work during the COVID-19 pandemic. read more >
Two people have already been laid off in the midst of a 40% decline in revenue at DJ's Auto Repair shop in Sherwood, a victim of the COVID-19 pandemic. read more >
Arkansas Business announces the 40 honorees in this year's 40 Under 40 class, which honors people in business, nonprofits and government making a significant impact. read more >
Last year, 32 luxury homes in Pulaski County sold for $1 million or more, up from 30 in 2018. read more >
The same Fayetteville house was the most expensive home sold in northwest Arkansas in 2019 and in 2018. read more >
Saving money is good for the individual but bad for the overall economy because it reduces aggregate demand. read more >
If you want a simple way to understand how accountability works, or does not, in your organization, look no further than the military. read more >
Executive dropped from last year for executives of PAM Transport Inc. of Tontitown. Meanwhile, directors will consider electing 19-year-old Matthew J. Moroun, the son of the chairman, to the company's board. read more >
The COVID-19 outbreak has the world's biggest companies adjusting operations to meet surging customer demand for everything from toilet paper to meat products. read more >
Arkansas' unemployment rate remained unchanged at 3.5% between December and January, the state Division of Workforce Services said Monday. read more >
West, 52, is charged with third-degree battery, disorderly conduct and public intoxication, all misdemeanors, after an incident with an Uber driver in the early morning hours of Feb. 16. read more >
Gov. Asa Hutchinson has appointed Marie Holder of Little Rock to the Arkansas State Highway Commission, filling a vacancy left by Tom Schueck, who died March 3. read more >
Nearly every named executive at J.B. Hunt Transport Services Inc. of Lowell saw drops in his or her total compensation with the absence of incentive plan bonuses in 2019. read more >
Bill Sowell of Sowell Management and Larry Freeman of Synergy Saturday Inc. won executive of the year awards, and Wallace Fowler was honored for his lifetime of leadership at the 32nd annual Arkansas Business of the Year Awards. read more >
Robert S. Moore Jr. of Arkansas City was elected chairman of the Arkansas Highway Commission, and Commissioner Dalton A. "Alec" Farmer Jr. of Jonesboro was elected vice chairman. read more >
The $525,000 sale of a Little Rock apartment complex led the most recent round of real estate transactions. read more >
ArcBest Corp. President and CEO Judy McReynolds made $2.4 million in total compensation in 2019, a drop from the $4.1 million she made in 2018, according to the annual proxy statement the company filed with the U.S. Securities & Exchange Commission. read more >
Walmart US CEO John Furner and J.B. Hunt Executive Vice President and Chief Commercial Officer Shelley Simpson are among the executives scheduled to speak as the Arkansas Business Executive Leadership Academy expands into northwest Arkansas this fall. read more >
The Arkansas Department of Transportation is paying Southern Arkansas University in Magnolia to test if wood can be used in asphalt production. read more >
Fayetteville police said Allen West, the CFO of PAM Transport Inc. in Tontitown, used racial slurs and punched and spit on an Uber driver before his arrest in the early morning hours of Feb. 16 in downtown Fayetteville. read more >
Arkansas still had no reported novel coronavirus cases by press time Thursday, but the spreading epidemic was starting to reverberate in Arkansas' tourism industry, the state's second largest behind agriculture. read more >
As of last week, Arkansas' 17 publicly traded companies had 170 directors and 32 of them were women. That's almost 19%. read more >
The number of women-owned businesses rose 21% to 12.9 million between 2014 and 2019, according to the “2019 State of Women-Owned Businesses Report,” published by American Express. read more >
The U.S. Economic Development Administration has awarded a $1.5 million grant to the city of Springdale to support business growth by improving roadway infrastructure needed to ease the movement of commercial traffic. read more >
