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Joe Holmes

John Correnti, chairman and CEO of Steel Development Company LLC, a steel mill operational and development company.
Construction / Energy / Government & Politics

Nucor Objection Delays Big River Steel Construction

Nucor Steel is trying to block the opening of a competing $1.1 billion steel mill in northeast Arkansas by objecting to the new company's requests for environmental permits. read more >
Hewlett-Packard received $10 million from the Governor’s Quick Action Closing Fund to build a center in Conway.
Agriculture & Poultry / Business Services / Construction / Energy / Government & Politics / Insurance / Manufacturing / Restaurants & Food / Tourism

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

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. read more >
Business Services / Manufacturing / Media & Marketing / Small Business

Arkansas Photonics Industry Alliance to Align Optics Companies

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. read more >
Government & Politics / Manufacturing / Public Companies

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

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. read more >
Business Services

Update: Hewlett-Packard to Lay Off 500 in Conway

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. read more >
Government & Politics / Manufacturing

Gov. Mike Beebe Slams Congress as Nordex Stops Production

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. read more >
The last chance to extend the wind power tax credit is in the budget deal that will be cut between Obama and Republicans in the lame duck session of Congress.
Government & Politics / Manufacturing

AEDC on Nordex: ‘This Did Not Catch Us By Surprise’

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. read more >
Government & Politics / Manufacturing

Big River Steel Bills Ready for Next Step in Legislature

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). read more >
Government & Politics / Manufacturing

Legislative Consultant to Vet Big River Steel Project

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. read more >
What could it be?
Government & Politics / Manufacturing

Tracking Gov. Mike Beebe’s Billion-Dollar Mystery Project

So the hunt begins. What is the mystery project Gov. Mike Beebe hinted at in his State of the State Address today? read more >