Economy

A newly formed company focused on sustainable scrap metal recycling and steel production, Highbar LLC, has announced its plans to build the first of its two rebar steel mini mills in northeast Arkansas. The mills are designed to be world…

The Arkansas Department of Parks, Heritage and Tourism has released data that indicates Arkansas’ tourism industry experienced record-breaking visitation in 2021 and has recovered after the significant decline in 2020 due to the global pandemic. In 2021, Arkansas welcomed just…

The past year has seen the largest increase in grocery prices since 1979 at 13.5%. A recent survey by TradingPedia studied food prices in the United States – during these troubled times of inflation, an energy crisis and war in…

J.B. Hunt announced its first quarter 2022 earnings and revenue increases on Monday April 18. The company’s Q1 2022 earnings increased 65.9 percent from first quarter of 2021. Earning expectations at J.B. Hunt were $1.94 per share, and revenue expectations…

Finding new ways to move people and cargo safely, efficiently and affordably is not a simple task. But advanced air mobility, commonly known as AAM, is expected to help ease the burden. Right now, Arkansas — like the rest of…

Across the great state of Arkansas, businesses are producing goods and services that are helping to drive the global economy. Arkansas produces materials for the aerospace industry, parts for the automotive industry, food products, ammunition, timber and much more. Arkansas’…

Governor Asa Hutchinson declared his unambiguous condemnation of Russia’s invasion of Ukraine on Monday, with a directive to determine whether Arkansas has business contracts with Russia and a call for “Special Days of Prayer for Ukraine.” In a letter to…

The Arkansas General Assembly adjourned its 2nd Extraordinary Session Thursday morning. Since convening Tuesday, Dec. 7, legislators passed eight bills, including identical House and Senate versions (SB1) and (HB1001) of a tax cut measure that will reduce the top personal…

Heartland Forward recently released a new report titled, “America’s Entrepreneurial States: Supporting Entrepreneurs to Help Drive the Economy,” which analyzes the entrepreneurial ecosystems of each state and places them within a new State Entrepreneurial Index. The report lays out recommendations…

Holiday spending has the potential to shatter previous records, as the National Retail Federation on Wednesday forecast that holiday sales during November and December will grow between 8.5 percent and 10.5 percent over 2020, to between $843.4 billion and $859…