New Age Hemp Ready for Growing CBD Industry
While the debut of medical marijuana sales in Arkansas has been grabbing the headlines, a separate cannabis-related industry has been taking root in the state, quite literally. read more >
Tagged: Manufacturing
Limits Few for $300M Simmons Foods Project in Decatur
When Simmons Prepared Foods Inc. of Siloam Springs decided a few years ago to start from scratch to increase its fresh and frozen chicken production, Simmons bought 800-plus acres for $14 million and then went about designing what COO David Jackson called a “50-year investment.” read more >
Innovation vs. Industry Thinking (Jim Karrh On Marketing)
Where are you getting fresh ideas for your business? Are you better off looking within your industry, or outside of it? read more >
Arkansas Unemployment Drops to 3.6% in April
Arkansas' unemployment rate in April was 3.6%, down one-tenth of a percentage point from the previous month. read more >
Tyson Foods Sues USDA for $2.4M Over Hog Inspections
Meat processor Tyson Foods Inc. of Springdale sues the USDA for $2.4 million, saying it had to destroy 8,000 carcasses because a federal meat inspector lied about checking hogs at a plant in Iowa. read more >
Trade Rift Deepens as China Ups Tariffs on $60B in US Goods
Deepening a trade battle and sending financial markets spinning, China announced Monday it was raising tariffs on $60 billion of U.S. goods in retaliation for the latest hike in U.S. tariffs on its exports. read more >
Recent Real Estate Deals Total $1.7M
Mew Investments LLC of Maumelle, led by Michael Bullerwell, purchased the 22,563-SF Little Rock Broom Works at 7710 Jamison Road in south Little Rock for $600,000. read more >
Gina Radke Recognized by Manufacturing Institute (Movers & Shakers)
Gina Radke has been awarded the Women in Manufacturing STEP Ahead Award from the Manufacturing Institute in Washington, D.C. read more >
Doug Voss Says Driver Shortage Dire, but Shippers Hold Sway on Higher Pay
Doug Voss, associate professor of logistics and supply chain management at UCA, says the school’s logistics program excels at recruiting employees for the transportation industry. read more >
US, China Wield Threats Going Into High-Stakes Trade Talks
U.S. and Chinese negotiators are to resume trade talks Thursday just hours before the United States is set to raise tariffs on Chinese imports in a dramatic escalation of tensions between the world's two biggest economies. read more >
Prysmian Group to Expand Paragould Plant, Add 12 Jobs
Prysmian Group of Milan, Italy, says it will expand its Paragould facility, investing $2.8 million and adding 12 positions. The plant already employs 182 people at 1 Prestolite Drive. read more >
The Arena Era: Venue Set the Stage for 20 Years of Redevelopment
Verizon Arena is recognized as the key that started a redevelopment engine for downtown North Little Rock. Celebrating its 20th birthday in October, the facility is touted as an $83 million, debt-free, financially self-sufficient showcase for central Arkansas events. read more >
Between Venues, Investments Continue in Argenta
The debut of a major riverfront arena 20 years ago turned out to be a warmup act for the real headliner: a sweeping transformation of downtown North Little Rock. read more >
Central Arkansas Unemployment at 3.5 Percent
The unemployment rate in the Little Rock-North Little Rock-Conway metropolitan statistical area remains near a historical low, 3.5% in February. read more >
Curtis Chase Named Operations Director at IFB Solutions (Movers & Shakers)
Curtis Chase has been promoted to director of operations at IFB Solutions Little Rock, formerly Arkansas Lighthouse for the Blind. read more >
Manufacturers Expanded at a Slower Pace in April
U.S. manufacturers expanded at a slower pace in April, as measures of new orders, production and employment each slipped. read more >
Survey Suggests Economic Growth Ahead for Midwest, Plains
An April survey of business supply managers suggests there will be solid economic growth over the next three to six months in nine Midwest and Plains states, although some survey category figures declined, a report said Wednesday. read more >
Hope Remains for $410M Forrest City Plant
President Donald Trump’s trade war with China may have helped delay the $410 million textile plant planned for Forrest City, but it hasn’t killed it. read more >
LR Office Transaction Rings Up $1.6M Sale (Real Deals)
Louisiana & Third Properties LLC, led by Haitham Alley, purchased the Tripp Building at 209 W. Second St. read more >
Two-Thirds of Arkansas Counties Lose Residents
Two-thirds of Arkansas’ counties lost population between 2012 and 2017, according to the U.S. Census Bureau. read more >
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