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Center for Business & Economic Research

Agriculture & Poultry / Banking & Finance / Business Services

Mervin Jebaraj Shares Optimistic Job Growth Projections for Arkansas in 2025Lock Icon

Mervin Jebaraj, blending humor with insight, forecasts continued strong job growth for Arkansas in 2025, drawing optimism from both his economic research and his Razorbacks fandom. read more >
Construction

Bentonville’s Mountain Bike Trails Rebuild After Tornado DevastationLock Icon

Months after a tornado devastated northwest Arkansas’ mountain bike trails, recovery continues with 95% of trails reopened. The Trailblazers work to restore and improve them. read more >
Construction / Education / Government & Politics

Discovering Arkansas: Census Bureau Estimates Show Rising PopulationLock Icon

More than half of Arkansas’ 75 counties have seen their populations grow since 2020, and the state’s population is growing at close to 2%, according to the U.S. Census Bureau. read more >
Matt Kendall, mortgage division CEO of Arvest Bank of Fayetteville.
Banking & Finance / Real Estate

Rising Interest Rates and Property Costs Slow Lending MomentumLock Icon

Homebuyers hit the brakes as high-priced properties meet the highest mortgage rates in 14 years. read more >
Mervin Jebaraj, director of the Center for Business and Economic Research at the University of Arkansas
Banking & Finance / Business Services / Health Care

UA Economist Gives Tepid Forecast for Arkansas

Mervin Jebaraj believes several important industries will have a difficult time reaching pre-pandemic employment levels. read more >
Business Services / Construction / Investments

Walmart and ‘Vendorville’ Just Part of Building BoomLock Icon

While Walmart Inc.’s new headquarters in Bentonville propelled the value of commercial building permits to record highs during the first half of this year, the rest of northwest Arkansas generated its own sizable increases over the previous year. read more >
Arvest Bank headquarters in downtown Fayetteville 
Banking & Finance / Real Estate

Commercial Real Estate Absorption in Northwest Arkansas Highest Since 2012, Report Says

One factor was a significant uptick in warehouse leasing. read more >
Homebuilder Bill Burckart believes a regional policy approach can help alleviate the growing crunch on affordable housing in northwest Arkansas.
Business Services / Construction / Education

Housing Trends in Northwest Arkansas Pits Popularity vs. AffordabilityLock Icon

Northwest Arkansas leaders are concerned that the region's rising economic tide could leave many in the area vainly searching for an affordable home. read more >
Travis Hester, owner of several Eat My Catfish restaurants in Arkansas, says an increased federal minimum wage would add hardship at a time when “it’s never been this tough to drive profit to the bottom line.”
Government & Politics / Nonprofits / Public Companies

$15 U.S. Wage Plan: How Would Arkansas Fare?Lock Icon

Some in the hospitality industry question the timing of raising the federal minimum to $15, fearing added burdens could halt recovery from the COVID-19 pandemic. read more >
Government & Politics / Restaurants & Food / Retail

Liquor Store Sales Grow as Bar Drinks FallLock Icon

Tax collections show liquor store sales grew, even during the coronavirus pandemic, while mixed-drink sales plummeted. read more >
Business Services / Education / Government & Politics

Northwest Arkansas Council Focuses on Diversity Follow-Through

In 2013, the Northwest Arkansas Council started EngageNWA, its project whose goal was to provide a platform and the tools needed to help the region become more diverse and inclusive. read more >
Park Plaza has a dozen storefront vacancies and recently lost Zoes Kitchen, a pandemic casualty. Still, the mall was far from empty on a recent Sunday, with consumers basking in sun through the mall’s signature skylights.
Business Services / Government & Politics / Investments

Can Malls Shake Off the Cobwebs?Lock Icon

A Jonesboro real estate broker is among those who sees a potential for malls transforming after the pandemic, with a silver lining possibly being local stores taking over chain space. read more >
Business Services / Education / Health Care

Pandemic Collateral Damage? Small FirmsLock Icon

The COVID-19 pandemic has delivered a wallop to the country’s economy, but experts interviewed by Arkansas Business don’t expect too much lasting damage. There is a caveat, of course. read more >
Mervin Jebaraj, director of the Center for Business and Economic Research at the University of Arkansas
Banking & Finance / Education / Government & Politics

Jebaraj Gives Passing Grade to CARES ActLock Icon

Mervin Jebaraj works at the University of Arkansas’ Walton College of Business so it is apropos that he has a grade for the federal response to the COVID-19 pandemic. read more >

Report: UA’s Economic Impact Grew to $2.2B in 2018

The University of Arkansas’ economic impact grew to $2.2 billion in 2018, which is more than three times the $725 million impact it had in 2009. read more >
Mervin Jebaraj of the University of Arkansas’ Center for Business & Economic Research says that growth in the in Fayetteville MSA is hot, “and will probably remain that way.”
Agriculture & Poultry / Education / Investments

Northwest Arkansas’ Task? Working on Good ProblemsLock Icon

As the growth spree in northwest Arkansas rolls on, worries like scarce housing and infrastructure arise. read more >
Kelly Hale Syer, executive director of Downtown Springdale, is optimistic about revitalization, along with Springdale Mayor Doug Sprouse, center, and Bill Rogers, an official with the Springdale Chamber of Commerce. They are seen here on Emma Street, the backbone of the city’s Downtown Master Plan.
Agriculture & Poultry / Banking & Finance / Business Services

Springdale Hopes to Maintain New Momentum DowntownLock Icon

Springdale hopes to build on recent efforts to reinvigorate its downtown. read more >
Agriculture & Poultry / Business Services / Construction

Plains & Eastern Clean Line Appears Doomed In ArkansasLock Icon

After putting nearly nine years and more than $100 million of investors’ money into a $2.5 billion power transmission project across Oklahoma and Arkansas, the electric dream of Michael Skelly has shorted out. read more >
A rendering of the future Arkansas Children's Northwest hospital in Springdale
Banking & Finance / Business Services / Construction

Hospital Boom Creates Development Ripples Across Northwest ArkansasLock Icon

Development experts say that hospitals are a great magnet for other retail and residential projects, such as restaurants, service companies and apartments. read more >
Banking & Finance / Business Services / Retail

Survey: Arkansas Consumers Planning Large Purchases

Arkansas consumers made large household purchases in the past six months and expect to make more, according to the third installment of the fall 2016 Arvest Consumer Sentiment Survey. read more >