Arkansans for the Arts, CACHE and the Arkansas Arts Council recently revealed the state of Arkansas’ nonprofit arts and culture industry generated $306.4 million in economic activity in 2022. That economic activity – $202.1 million in spending by nonprofit arts and…
Economy
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Arkansas U.S. Steel Work Creates $383.2M Economic Impact
by AMP Staffby AMP StaffU.S. Steel has released an economic impact report on its 2022 operations in Arkansas, which includes Big River Steel in Osceola and Wheeling Machine Products in Pine Bluff. Since the release of the report, U.S. Steel has also held a…
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Dream of Owning a Home in Arkansas Not Out of Sight
Equity in a home is the number source of wealth in the State of Arkansas. Owning your own home has long been known as “the American dream.” But with the increasing prices of homes combined with interest rates that are…
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Tyson to Launch Self-Driving Trucks in Northwest Arkansas
by AMP Staffby AMP StaffTyson Foods, Inc. recently revealed that it will be collaborating with Gatik AI, Inc., a California-based autonomous logistics leader, in a multi-year effort to deploy autonomous refrigerated box trucks to bolster Tyson’s supply chain in northwest Arkansas. The Gatik trucks…
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Little Rock Mayor Proposes 1% Sales Tax Increase
by AMP Staffby AMP StaffIn an informal meeting with the Little Rock Board of Directors on July 27, Mayor Frank Scott Jr. proposed a 1% increase to the city’s sales tax, with the objective of creating a ballot initiative to be voted on in…
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ASBTDC Infuses More Than $100M into Arkansas Economy in 2022
The Arkansas Small Business and Technology Development Center (ASBTDC), whose lead center is based at the University of Arkansas at Little Rock, set a record by helping the state’s small business owners and entrepreneurs infuse nearly $102 million into the…
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Arkansas Tourism’s Marketing Report Card
by Darin Grayby Darin GrayArkansas’ outdoor and tourism economy is booming. Our state has evolved from that of a regional tourism destination to one that attracts visitors from all over the country and the world. We are no longer a hidden gem. Much of…
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Sanders Names Clint O’Neal Executive Director of Economic Development Commission
by AMP Staffby AMP StaffGovernor Sarah Huckabee Sanders revealed recently that she will be naming Clint O’Neal as Executive Director of the Arkansas Economic Development Commission. O’Neal has served as deputy director of global business at the AEDC since 2018. “I am ready to…
It seems like the economy has been a roller coaster ride recently, and the ride isn’t over yet. Just like on a roller coaster, our current momentum is driven by the hills, valleys, twists and turns that have brought us…
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Simmons First CEO to Serve on Federal Advisory Council
by AMP Staffby AMP StaffFederal Reserve Bank of St. Louis has appointed George Makris Jr., chairman and CEO of Simmons First National Corp. in Pine Bluff, to serve on the Federal Advisory Council for a one-year term that ends Dec. 31, 2023. Established by…