Butterball is making a major investment into two Northwest Arkansas processing facilities that is expected to create 360 new jobs in the next three years. The North Carolina-based turkey products company is investing a total of $8.7 million to expand…
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Arkansas Economic Development Commission
- AMP NewsBusiness
Carvana Unveils New Vehicle Inspection and Distribution Center in West Memphis
by Tyler Haleby Tyler HaleCarvana has unveiled its new vehicle inspection and distribution center in West Memphis. On Tuesday, Jan. 5, Carvana representatives, along with state and local officials, cut the ribbon on the new facility. The Arizona-based online car buying and financing platform…
- AMP NewsBusiness
Lockheed Martin Acquires Aerojet Rocketdyne in $5 Billion All-Cash Deal
by Tyler Haleby Tyler HaleAerojet Rocketdyne Holdings Inc. is being acquired by Lockheed Martin in a $5 billion deal. Lockheed Martin is purchasing Aerojet Rockdyne in an all-cash transaction, paying $56 per share of Aerojet Rocketdyne stock. This represents a 33 percent premium of…
- AMP NewsBusinessManufacturing
Nice-Pak Expanding Jonesboro Facility, Aims to Double Wet-Wipe Production Capacity
by Tyler Haleby Tyler HaleNice-Pak is expanding its Jonesboro plant with plans to increase its production capacity and employment over the next year. On Monday, Nov. 16, the wet-wipe manufacturing company revealed that it will be launching a phased expansion, beginning in 2021. This…
- AMP NewsBusinessPolitics
Arkansas Officials Launch ‘Home Base Arkansas’ Website for Military Members, Families
by Tyler Haleby Tyler HaleMilitary members and their families will now have a new employment resource in Arkansas as part of the state’s “Place to Call Home” initiative. Arkansas officials unveiled HomeBaseArkansas.com on Nov. 11, 2020 – Veteran’s Day – which is designed to…
- AMP NewsBusinessPolitics
AEDC Minority and Women-Owned Business Head Patricia Brown Retiring
by Tyler Haleby Tyler HalePatricia Brown, the director of the Arkansas Economic Development Commission’s Minority and Women-Owned Business Division, is retiring. According to an AEDC spokesperson, Brown will be retiring on Friday, Dec. 4. She has served in her current role since 2007. According…
- AMP NewsBusiness
New Grant Focuses on Hospitality, Tourism and Recreation Businesses Impacted by COVID-19
by Tyler Haleby Tyler HaleAcross the globe, industries are still reeling from the effects of the COVID-19 pandemic, which has disrupted supply chains, limited operations or shuttered businesses altogether. Arkansas is no different, having seen restaurants and other businesses have operations reduced in an…
- AMP NewsBusinessEducationSports/Outdoors
Wildlife Conservation Grant Applications Open for Fiscal Year 2021
by AMP Staffby AMP StaffApplications are now open for wildlife conservation grants. The Arkansas Economic Development Division of Rural Services has more than $735,000 available through the grant program. The application for grant funding is open through Oct. 8. Drawn from fines collected by…
- AMP NewsBusiness
Koppers Plans $23 Million Investment in North Little Rock Plant
by Tyler Haleby Tyler HaleKoppers will be investing more than $20 million into its Arkansas operations and increasing its workforce in North Little Rock. The Pittsburgh, Penn.-headquartered company announced that it is committing at least $23 million to upgrade its North Little Rock facility.…
- AMP NewsPolitics
Twenty-Three Arkansas Communities Receive $7 Million in CDBG Funding
by AMP Staffby AMP StaffTwenty-three communities have received funding from the Arkansas Economic Development Commission (AEDC) through the Community Development Block Grants (CDBG) program. In total, the Arkansas communities received $7,162,966. These funds were provided as part of the General Assistance allocation, which assists…