Business

Fayetteville startup Lineus Medical cleared by FDA to sell its first medical device

Fayetteville-based healthcare technology startup Lineus Medical announced Tuesday (June 1) that the U.S. Food and Drug Administration (FDA) has cleared for sale the startup’s first medical device, SafeBreak Vascular. According to a…

Ozark IC designs, manufactures electronics to survive in extreme environments

Fayetteville-based electronics manufacturer Ozark Integrated Circuits (Ozark IC) has marked 10 years as a Northwest Arkansas business. Its mission is to bring the internet of things (IoT) to the edge…

ASBTDC to hold in person consultations throughout NEA in June

The Arkansas Small Business and Technology Development Center (ASBTDC) at Arkansas State University will visit four areas in Northeast Arkansas during the month of June to offer consultations to small…

Treasurer Milligan reveals results of statewide survey on Arkansas 529 plan

Arkansas Treasurer of State Dennis Milligan’s office announced results of a statewide survey that highlights Arkansans’ awareness of education savings plans. The treasurer’s office administers the Arkansas 529 Education Savings…

Arkansas Boys State goes virtual this summer

Arkansas Boys State, the civic engagement and leadership program, began its 80th session in virtual fashion this year. The program started Sunday, May 30 and runs through Friday, June 4….

Fed chief: Inflation to rise in 2021, ranging from 2.5% to 3%

Inflation is expected to be higher this year, between 2.5% and 3%, said James Bullard, president of the Federal Reserve Bank of St. Louis. Bullard expects the rate to be…

The Supply Side: Retailers work to retain market share, improve profitability in online grocery

COVID-19 accelerated the growth of online grocery as retailers achieved three years’ growth in just six months of 2020. Research firm IGD (Institute of Grocery Distribution) reports that with penetration…

UAFS student study examines business response to COVID-19

There is no question the COVID-19 pandemic has been hard on businesses. For more than a year, they had to take extra safety and cleaning precautions, contend with regulations limiting…

Seven sites added to historic preservation program

The Arkansas Historic Preservation Program (AHPP) updated its listings from the National Park Service regarding the National Register of Historic Places. New listings for the state include: U.S. 65 Expressway…

Green House Cottages of Walnut Ridge slated to open this fall

Work on the single largest private investment project ever in Walnut Ridge continues and the elderly care facility should be open this fall. Southern Administrative Services has dedicated $10.9 million…

UA economist says inflation largely a post-pandemic return to normal

In recent months, consumers have been feeling the effects of rising prices, an inflationary movement concerning business leaders and politicians. Economist Mervin Jebaraj with the University of Arkansas Walton College…

UAMS Chancellor says much accomplished on healthcare this session, will await courts on controversial measures

It’s been a busy time to be the leader of the University of Arkansas for Medical Sciences. In addition to the daily duties of overseeing education, clinical and research operations,…

Fort Smith tax revenue up 37% in recent report, countywide tax share up 16% year to date

Fort Smith’s sales tax revenue rebounded in April, coming in around 37% higher than the same period in 2020. Sales tax revenues have in recent months consistently come in higher…

UA Chancellor recommends moving Fulbright statue, retaining name on College of Arts and Sciences

University of Arkansas Chancellor Dr. Joseph Steinmetz supports the move to rename a main dining hall on the campus and relocate a statue of former U.S. Sen. William Fulbright, D-Ark.,…

Bentonville startup launches new water brand with unique bottle design

Bentonville native Doug Batie, co-founder and CEO of GEN Z Water, recently introduced an aluminum water bottle with a unique design that he hopes will be a respite from the…

Walmart and Gap partner on licensing deal to offer home furnishings

Walmart and Gap are launching a new brand of home essentials – Gap Home – to be sold exclusively at Walmart. The launch is set for June 24 on Walmart.com…

Austin Booth named as director of Arkansas Game & Fish Commission

The commissioners of the Arkansas Game and Fish Commission unanimously voted Thursday (May 27) to approve Austin Booth, a native of Scott, to become the agency’s 19th director in its…

DO school offers vaccines; Dr. Speights’ 13-year-old receives vaccine

New York Institute of Technology College of Osteopathic Medicine at Arkansas State University is now offering the single-dose Johnson & Johnson COVID-19 vaccine at its on-campus medical clinic. Those interested…

Organic sales up 12.4% in 2020, with organic meat sales up 25%

Consumers hunkered down at home amid the pandemic last year began to look for more natural and organic foods to feed their families. The Organic Trade Association (OTA) reports the…

Lavaca resident charged in $143 million fraud scheme related to COVID testing

Billy Joe Taylor of Lavaca was charged with fraud related to COVID-19 testing as part of a nationwide investigation into health care fraud schemes that exploited the pandemic and resulted…