Business

Combined sales tax revenue in March report up 0.9% in top four cities

Bentonville, Fayetteville, Rogers and Springdale posted sales tax revenue in the March report of $5.169 million, up 0.97% from the year-ago period. Bentonville and Fayetteville reported positive revenue growth this…

Airlines fly 3.4% more passengers domestically, internationally

The number of passengers carried by foreign and domestic airlines operating in the United States rose 3.4% to 965 million passengers for domestic and international flights in 2017, from 933.1…

FOMC raises federal funds rate to range of 1.5% to 1.75%

The Federal Open Market Committee increased the federal funds rate by 25 basis points to a target range of 1.5% to 1.75% and issued guidance on the rate and other…

‘Bargain property’ helped Rustin Chrisco survive the Bentonville real estate rollercoaster

Rustin Chrisco has experienced a rollercoaster ride with residential real estate in downtown Bentonville. And he has advice for the future. Properties in downtown Bentonville today are selling for almost…

Real Deals: Nabholz leads construction of Bentonville child care center

Nabholz Construction of Rogers is using a building permit valued at $7.67 million for a 7.9-acre commercial project at 309 N.E. J St. in Bentonville. The project developer is Bentonville…

Arkansas personal income grows 3.2% in 2017, ranks 16th nationally

Arkansas ended 2017 with personal income growth of 3.2%, ranking the state 16th among all 50 states and the District of Columbia. Farming and healthcare services were the largest contributors…

41,000-square-foot rehab hospital proposed in Rogers

Northwest Arkansas continues to have a booming healthcare market. The newest example, potentially, is a 41,000-square-foot rehabilitation hospital in Rogers. According to large-scale development plans submitted to the city for…

Trade, technology are topics to watch for state’s agri sector

Earlier this week, Gov. Asa Hutchinson signed a proclamation declaring Tuesday (March 20) as “Agriculture Day in Arkansas.” He met with state employees from the Arkansas Agriculture Department, which encompasses…

Teamsters don’t want ‘concessionary contract’ in push for new deal with ABF

Officials with the Teamsters and Fort Smith-based ABF Freight System are set to meet again Monday (March 26) in another attempt to hammer out a contract for the 8,000 union…

Northwest Arkansas leads growth in state, 14th fastest-growing metro area nationwide

Between 2016 and 2017, the population in four of the largest metropolitan areas in Arkansas increased, with the largest rise in Northwest Arkansas, according to the U.S. Census Bureau. On…

Coulson Oil gets retailer recognition

Shell Oil Corporation has named Arkansas-based Coulson Oil’s Road Runner Stores as “Top Retailer of the Year.” The award recognizes the top performing 5% of Shell Oil retailers across the…

Medical pot advocates unsure of next steps following procedural ‘null and void’ order from Judge Griffen

Advocates for Arkansas’ emerging medical marijuana industry are in a quandary over what it will now take to get the voter-approved amendment off the ground following a Pulaski County Circuit…

Utility-scale solar photovoltaic systems cost up to 15% less per watt

Between 2010 and 2016, the per-watt cost of utility-scale solar photovoltaic (PV) systems fell about 10% to 15%, according to the U.S. Energy Information Administration. The EIA based this information…

Judicial order halts state’s fledgling medical pot industry, declares cultivator licenses ‘null and void’

Pulaski County Circuit Court Judge Wendell Griffen on Wednesday (March 21) declared the state Medical Marijuana Commission’s process of scoring and awarding Arkansas’ first highly-prized licenses to five pot cultivators…

Richter named state historian and director of state archives

Stacy Hurst, director of the Department of Arkansas Heritage (DAH), today named Dr. Wendy Richter as state historian and director of the Arkansas State Archives (ASA), a division of DAH….

West Memphis among hardest hit cities for consumer debt with interest rate hikes

If the Federal Reserve adds a 25-basis-point interest rate hike it will increase consumer credit card debt by $1.6 billion in 2018. When rate hikes since 2015 are added, consumers…

P.A.M. CEO Daniel Cushman receives 13% raise, total compensation jumps 183%

Daniel Cushman, president and CEO of P.A.M. Transportation Services, received a 13.1% salary increase in 2017, and his total compensation rose 183.1% to $2.457 million for the year, according to…

Horton Farms hits market with $12 million price tag

A popular executive retreat, estate home and event venue in rural Benton County has been listed for sale, with an asking price of $12 million. Horton Farms at Dry Creek,…

The Supply Side: Walmart and Amazon go head to head in private-label push

Part of Walmart’s success over the years has been the vast array of products sold in its stores and online. The same could be said for Amazon with its 480…

FedEx Office will put retail centers in 500 Walmart stores by 2020

FedEx Office announced Tuesday (March 20) plans to place retail centers inside 500 Walmart stores over the next two years following a successful pilot program with 47 stores since 2015….