Resource Guide: Financial Tools, Aid for Businesses Hurt by COVID-19
Arkansas Business is regularly updating this page with links and contact information for businesses affected by the COVID-19 pandemic. read more >
Tagged: Manufacturing
George's Inc. Gives Temporary Pay Raises
Chicken producer George's Inc. of Springdale says it will temporarily raise hourly pay for 7,300 employees as an "appreciation bonus" for their work during the COVID-19 pandemic. read more >
Foundation Offers Grants to Women-Owned Businesses Affected by Virus
The Women's Foundation of Arkansas launches Women Owned, an assistance fund for women-owned small businesses experiencing economic hardship due to the COVID-19 pandemic. read more >
Domtar to Idle Ashdown Plant, Lay Off 142
Domtar Corp. will temporarily idle two plants, including its A62 paper machine at its Ashdown plant, for three months, a response to "the unforeseeable business conditions driven by the COVID-19 pandemic. read more >
Jacksonville Apartment Properties Flipped in $7.3M Combo
A series of apartment sales in Jacksonville, a pair of apartment buys in Little Rock and a grocery store purchase in Bryant form this week’s six pack of million-dollar deals. read more >
Solar Jobs on the Line, Insiders Fear
With the coronavirus pandemic wreaking economic havoc, former Lt. Gov. Bill Halter fears a long-awaited state ruling on solar power policy could threaten $125 million in projects by his firm alone. read more >
Unemployment Claims Soar to 3.28 Million
This chart highlights the dramatic effect of the coronavirus pandemic on the job market in the United States. read more >
Jacksonville Apartment Properties Combine For $4.9M Sale (Real Deals)
A New Jersey company purchased the 92-unit Park Place, the 56-unit Windgate Square, the 46-unit Stone Village and the 8-unit Southview from an affiliate of Fort Smith’s Trinity Multifamily read more >
State Gets PPE, Hand Sanitizer from L'Oreal
The state got its first shipment of hospital personal protective equipment that was not from the national stockpile, and it could get 30 days worth of PPE as soon as next week, UAMS Chancellor Cam Patterson says. read more >
Anthony Timberlands Cutting Production by Half at Malvern, Bearden
Anthony Timberlands Inc. is preparing to cut production in half at its Malvern and Bearden pine mills, idling about 200 employees, CEO Steve Anthony said Thursday morning. read more >
Survey: US Manufacturing Slides in March
American manufacturing slide in March, dragged down by economic fallout from the coronavirus outbreak. read more >
Survey Suggests Pandemic Draining Vigor From Midwest Economy
A survey of supply managers in a nine-state region of the Midwest and Plains is showing more signs of the coronavirus pandemic's disruptive economic impact. read more >
Waking Up in a New Army of the Unemployed
Thousands of Arkansans who lost their jobs as the COVID-19 disease outbreak shut down businesses are seeking unemployment aid. read more >
Arkansas Businesses Should Prepare Now to Apply for Federal Aid
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 >
Skyline Report: Office Vacancy Rate Dipped to Near Historic Low in 2019
The vacancy rate for office space in Benton and Washington counties was 8.5% in the second half of 2019, the second lowest vacancy rate since 2004, according to the latest Arvest Bank Skyline Report. read more >
Fed Projects Decade's Fastest-Growing Occupations
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. read more >
Springdale Warehouse Sells for $3M (NWA Real Deals)
Home to Gates Corp., the property on Laura Lane was bought for $2.95 million by Mathias Shopping Center Inc. The seller was Elder-Conway LLC, led by Chris Elder of Springdale. read more >
Business Interruption Insurance and COVID-19 (Andrew Meadors Commentary)
If you are counting on business interruption insurance to help you through this catastrophe, I potentially have some bad news. read more >
Virus Diaries: Winery Wilting as COVID-19 Pandemic Continues
Her winery is “kind of dead in the water,” and Audrey House, owner of Chateau Aux Arc in Altus (Franklin County) and chair of the Arkansas Wine Producers Council, and it’s suffering from supply-chain issues as businesses she sources items from have closed. read more >
Arkansas' Unemployment Rate Unchanged at 3.5% in February
Arkansas’ unemployment rate was unchanged at 3.5% last month, according to a report Friday by the Arkansas Division of Workforce Services. read more >
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