Arkansas Economic Development Commission

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Apptegy Startup Gets $5.7 Million Infusion

June 23, 2017

Apptegy, the Little Rock-based technology startup company, received a $5.7 million investment from Five Elms Capital of Kansas City this year. The company plans on leveraging this investment with a goal of tripling sales from 2016 to 2017. 

Healthy Forests - Part 1: How the Arkansas Wood Basket Escapes Wildfires

June 21, 2017

AEDC highlights the minimal wildfire risk in ArkansasOne of the larger ongoing threats to our nation’s forests and to our timber industry is wildfire. The United States Forest Service (USFS) reports that each year, an average of more than 73,000 wildfires burn roughly 7 million acres of federal, tribal, state and private lands and more than 2,600 structures, and the costs of fighting these fires continue to grow.

Fayetteville Ranked a Top City for Millennial Job Seekers

June 20, 2017

According to a new poll from financial education website Growella, Fayetteville, Arkansas, ranked #15 in the list of top cities to live for millennials.

Timber-Related Resources Are Abundant in Hot Springs, Arkansas

June 19, 2017

Timber-Related Resources Baxley Equipment and LogPro Manufacturing facility in Hot Springs, ArkansasHot Springs, Arkansas, sits squarely in the middle of the Ouachita Mountains (pronounced “Wash-it-ah”), one of the most densely wooded regions in North America. This is one of the most commercially viable forests to be found in the Southern U.S., and is situated at the very heart of the Arkansas wood basket.

Training the Timber Trade in Arkansas

June 8, 2017

AEDC breaks down training for the timber industry at University of Arkansas at Monticello School of Forestry & Natural Resources

The forestry economy is deeply integrated in Arkansas. Every new job in the timber industry creates 2.5 jobs in the state, and forest industries provide jobs in 86 percent of all economic sectors. In the “wood basket” of Arkansas, the forest products industry providess more than 28,000 jobs, with average salaries that are greater than the U.S. average, largely in rural areas.

Canada's Conifex Timber Brings Modernization to Arkansas Sawmill

June 6, 2017

Conifex Timber Inc. is investing $80 million to re-start and re-tool what will be a state-of-the-art sawmill facility in El Dorado, Arkansas. The timber harvesting and sawmilling company, headquartered in Vancouver, Canada, will bring approximately 120 new, full-time jobs to the surrounding area, and have a significant impact on the state’s economy. This will be the company’s first facility in the southern United States. 

It Pays to Live in Arkansas

May 30, 2017

AEDC Where you can get the most home

There are many perks when it comes to moving to Arkansas – the natural beauty, southern hospitality, abundant job opportunities and how far a dollar will get you, just to name a few. Arkansas has the third-lowest cost of living in the nation. Only Mississippi and Indiana offer more purchasing power, dollar for dollar, than Arkansas. Organization for International Investment, global investment has resulted in the employment of 46,400 workers across Arkansas – an increase of 30 percent since 2002. 

 

Global Investments Support Arkansas Job Growth

May 23, 2017

Arkansas is among the top five states in foreign direct investment growth over the last five years. According to the Organization for International Investment, global investment has resulted in the employment of 46,400 workers across Arkansas – an increase of 30 percent since 2002. 

 

Three Takeaways from the Industrial Asset Management Council Spring Professional Forum

May 22, 2017

Twice a year, several of us at AEDC make a point to attend the Industrial Asset Management Council (IAMC) forums. The most recent event was held last month in Tampa. I’ve had the opportunity to attend quite a few of these over the years, and I wanted to share my thoughts:

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