Boozman Thanks Regional Economic Development Commissions for Support of Communities, Pushes to Simplify Grant Application Process

WASHINGTON – U.S. Senator John Boozman (R-AR) applauded the assistance of federal regional commissions to communities in Arkansas and across the country, particularly in the wake of natural disasters and other economic challenges, in a hearing before the Senate Environment and Public Works (EPW) Committee.

Boozman, a senior EPW Committee member, went on to urge witnesses from five federal-state partnership entities to help simplify federal grant applications in order to help state and local governments more readily access funds Congress intended for their use.

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“Your budgets aren’t very great, but those dollars you have, being able to intervene and really knowing the communities you’re serving makes a huge difference,”Boozman said. “In recent years Arkansas has been devastated by natural disasters from tornadoes and wind to historic flooding along the Arkansas River. The impacts of which are still being dealt with. Once the dust has settled and the rubble has been cleared, communities struggle to continue growth and retain residents.”

Boozman also cited the difficulty small, rural localities like Mountainburg, Arkansas face in applying for federal grants to help fund projects like expanding water infrastructure to deliver safe, reliable drinking water to residents. 

“It shouldn’t be that, if you have a good education, you have to hire a $30,000 grant writer in a very, very small community,” Boozman said. “I hope we can all work together on this. There’s no excuse for making things so very difficult.”

Cooperative Extension Service launches new University Center website

By Rebekah Hall
U of A System Division of Agriculture

LITTLE ROCK — The University of Arkansas System Division of Agriculture Center for Rural Resilience and Workforce Development has launched a new website detailing the resources and services offered through its newest program, designed to support economic and workforce development across Arkansas.

NEW ONLINE RESOURCE — The University of Arkansas System Division of Agriculture Center for Rural Resilience and Workforce Development has a new website with information about the resources and services it offers, including training and technical assistance, applied research and an interactive Development District map. (U.S. Economic Development Administration graphic.) 

In November 2023, the U.S. Economic Development Administration, or EDA, awarded a $650,000, five-year grant to the Cooperative Extension Service’s department of Community, Professional and Economic Development to establish and operate a University Center. Rather than a physical location, the EDA University Center program is a resource serving the state’s economic development ecosystem, with a particular focus on rural marginalized communities, including Hispanic and Marshallese communities.

The Center’s new website outlines information about the program and its services, including training and technical assistance, applied research and annual research findings reports. The website also features an interactive map of Arkansas’s eight EDA-funded Development Districts, which serve all 75 counties.

“The Development Districts offer incredible services to their communities, such as grant writing, planning and economic development projects, and we want to make sure anyone in their community can find their district and connect with them,” said Brandon L. Mathews, extension program manager for the University Center.

Mathews said that Heartland Forward, one of the strategic partners of the University Center, led the creation of the Development District map.

“The interactive map is just one of many visualizations we hope to build with the Center,” said Rodrigo Ramirez-Perez, research analyst for Heartland Forward. “Our goal is to make data accessible and usable throughout the project, while also uplifting the Development Districts and the incredible work they do for the state.”

Over the next five years, more information and resources will be added to the University Center website. Those resources include Labor Market Observatories, which will be dashboards that provide important data on workforce metrics for each of the eight districts.

Mathews said the Center will also offer a newsletter that highlights funding opportunities, EDA activities and updates, community and economic development district events, workshops and tools for workforce development. Those interested can sign up for this resource at the FACT Sheet Newsletter Sign-up.

To learn more about the Center for Rural Resilience and Workforce Development, contact Hunter Goodman at hgoodman@uada.edu or Mathews at bmathews@uada.edu.

To learn about extension programs in Arkansas, contact your local Cooperative Extension Service agent or visit www.uaex.uada.edu. Follow us on X and Instagram at @AR_Extension. To learn more about Division of Agriculture research, visit the Arkansas Agricultural Experiment Station website: https://aaes.uada.edu. Follow on X at @ArkAgResearch. To learn more about the Division of Agriculture, visit https://uada.edu/. Follow us on X at @AgInArk. 

Economic Development Administration will invest $7 million in projects in NEA

by Talk Business & Politics staff (staff2@talkbusiness.net)

U.S. Secretary of Commerce Gina Raimondo announced Tuesday (Feb. 6) the Department’s Economic Development Administration (EDA) is investing $7 million in projects in Arkansas. These investments will support healthcare workforce development and infrastructure improvements for businesses.

Arkansas State University – Newport will receive a $5 million EDA grant to support construction of a 24,000-square foot Nursing and Health Sciences workforce training center. The project will be matched with $1.3 million in local funds and is expected to create 225 jobs, according to grantee estimates.

The city of Trumann will receive a $2 million EDA grant for construction of a new water treatment facility and ground water storage tank, to support current residents and businesses while providing capacity for future industrial growth. The project will be matched with $500,000 in local funds.

Economic Development Administration will invest $7 million in projects in NEA

Boozman applauds $7 Million federal investment in Northeast Arkansas

WASHINGTON – U.S. Senators John Boozman (R-AR) welcomed an announcement from the Economic Development Administration (EDA) that it is awarding grants totaling $7 million to two communities in northeast Arkansas.

The EDA, an agency within the U.S. Department of Commerce, is investing in healthcare workforce development in Newport and infrastructure improvements in Trumann:

-       Arkansas State University-Newport will receive a $5 million EDA grant to support construction of a 24,000-square foot Nursing and Health Sciences workforce training center. The project will be matched with $1.3 million in local funds and is expected to create 225 jobs, according to grantee estimates. 

-       The city of Trumann will receive a $2 million EDA grant for construction of a new water treatment facility and ground water storage tank, to support current residents and businesses while providing capacity for future industrial growth. The project will be matched with $500,000 in local funds.

“Sustaining rural communities requires strategic investment that helps create opportunities and enhance quality of life. I’m pleased Trumann and Newport are both benefiting from this federal support to ensure future growth. The assistance with water infrastructure modernization and new access to medical training will serve not only their needs, but help lead the region toward increased economic development and advancement,” said Boozman. 

“These EDA investments will support workforce development and infrastructure improvements, creating jobs and fostering business expansion in Northeast Arkansas,” said Secretary of Commerce Gina Raimondo.

“The Economic Development Administration plays an important role in supporting locally developed strategies designed to create economic opportunity,” said Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo. “EDA is proud to support these Arkansas communities as they work to provide new economic opportunities for residents and businesses that benefit the entire region.”

The projects were made possible by the regional planning efforts led by the White River Planning and Development District, Inc. (WRPDD) and the East Arkansas Planning and Development District (EAPDD). EDA funds WRPDD and EAPDD to bring together the public and private sectors to create an economic development roadmap to strengthen the regional economy, support private capital investment and create jobs.

The grants are funded under the Disaster Relief Supplemental Appropriations Act, 2023, which provided EDA with $483 million in additional Economic Adjustment Assistance (EAA) Program funds for disaster relief and recovery for areas that received a major disaster declaration under the Robert T. Stafford Act as a result of Hurricanes Ian and Fiona, wildfires, flooding, and other natural disasters occurring in calendar years 2021 and 2022.

Weekly update from State Representative DeAnn Vaught

Employment in Arkansas has increased for sevenconsecutive months. The latest report from the Arkansas Division of Workforce Services shows the unemployment rate at 2.8%.  By comparison, the national unemployment rate is 3.4%.

Compared to this time last year, there are 12,869 additional employed Arkansans.

While low unemployment rates are indicative of a healthy and growing economy, our efforts for economic development don’t end there.

The General Assembly is continuing to work on ways to foster innovation, encourage technological advances, and increase wages across the state.

In the 2023 Regular Session, we passed several pieces of legislation designed to continue increasing economic growth.

Act 746 creates the Rural Economic Development Initiative. The Rural Economic Development Initiative is established to provide funds to planning and development districts for distribution to projects in rural areas to further rural economic development and revitalization. If funding permits, a planning and development district may apply to the Arkansas Economic Development Commission for funds.

The 94th General Assembly also passed Act 485, an Act to Enhance Economic Competitiveness by Phasing Out the Throwback Rule. Athrowback rule mandates that sales into other states or to the federal government that are not taxable will be “thrown back” into the state of origin for tax purposes. The Arkansas Tax Reform and Relief Legislative Task Force recommended the repeal of the throwback rule as it harmed economic competitiveness with other states that did not impose the rule.

The General Assembly also passed the following acts concerning economic development during the recent session:

Act 34

This act eliminates the requirement for municipalities to collect a gross receipts tax on food or hotel stays to create an entertainment district.

Act 477

This act requires the Arkansas Economic Development Commission to conduct a study to determine the feasibility of developing a spaceport by 2024 if funding become available.

Act 517

This act increases the tax incentive for production and postproduction costs for a state-certified film project.

Act 196

This act reduces the maximum potential unemployment compensation benefits from 4 months to 3 months and reduces unemployment insurance tax rates for employers.

Act 106

This act disqualifies a person from collecting unemployment compensation for any week he or she fails to respond to a job offer or fails to appear for a job interview.

We will continue researching ways to improve the economy in every area of our state. You can find more information about economic development in our state by visiting arkansasedc.com

Sanders Names Clint O’Neal Executive Director of the Arkansas Economic Development Commission

Governor Sarah Huckabee Sanders announced today that she will name Clint O’Neal Executive Director of the Arkansas Economic Development Commission (AEDC).  
 
“I am ready to unleash my vision to make Arkansas the best place in the nation to start and grow a business alongside Clint O’Neal, who will serve as Executive Director of the Arkansas Economic Development Commission,” Sanders said. “His nearly two decades of experience in this field will be invaluable as we work together with Secretary Hugh McDonald to foster a pro-business, pro-worker environment, attracting companies across the nation – and world – to bring thousands of high-paying jobs to Arkansas.” 
 
“The team at AEDC is full of talented economic development professionals who believe in the mission and work every day to make Arkansas a top business destination. I’m honored and excited to lead the organization that gave me the opportunity to start my career in economic development over 15 years ago,” O’Neal said. “It is a privilege to be entrusted to serve as Executive Director of AEDC at a time when Arkansas is gaining momentum and notoriety on the national and international stage. Arkansas has an outstanding business community and the tools companies need to succeed. I look forward to working alongside Governor Sanders, Secretary McDonald, our state legislature, economic development partners around the state, and the remarkable team at AEDC to make that message known at home and abroad.”
 
“With his wealth of experience in economic development and his passion for supporting businesses and communities in Arkansas, Clint is a natural fit to lead AEDC,” Secretary McDonald said. “Clint has a proven record of reliable leadership, and he has demonstrated that he knows what it takes to bring new capital investment into our state and win new jobs for Arkansans. I have full confidence that AEDC will thrive under Clint’s leadership and, by extension, so will Arkansas.” 
  
Clint O’Neal biography:
 
Clint O’Neal has served as the Deputy Director of Global Business at AEDC since 2018. In his role as deputy director, O’Neal provides leadership to several divisions within the agency, including Business Development, Existing Business, Small Business and Entrepreneurship Development, Marketing, Minority and Women-Owned Business Enterprise, Film, and Military Affairs. As executive director, he will continue to oversee these divisions, alongside the other functions of the agency, such as community resources, finance, science and technology, and legislative affairs. 
 
O’Neal has nearly two decades of experience in the field of economic development. He began his economic development career as a project manager at AEDC. He then served as Vice President of Business Recruitment for the Missouri Partnership, Missouri’s principal business recruitment and marketing organization, before rejoining AEDC as deputy director.  
 
Clint is a Certified Economic Developer (CEcD) through the International Economic Development Council. He holds a master’s degree in community and economic development from the University of Central Arkansas. 
 
O’Neal lives in Conway with his wife, Heather, and their four children, Chloe, Ellie, Ava and Caleb.

Audio: Governor Hutchinson’s Weekly Address Arkansas’s Historic Economic Growth

LITTLE ROCK – Today I would like to talk about a priority I’ve had since taking office in 2015. Job creation is critical to our economic growth and our future as a state.

When I was elected, there were 1.2 million people employed in Arkansas. Even after a global pandemic that impacted much of the world’s working force, Arkansas sits at a 3.5% unemployment rate, and we have 125,000 more people working in jobs around the state today than we did 8 years ago. This is possible thanks to the help of the Arkansas Economic Development Commission. The state’s economic development team has signed 495 projects since January 2015 resulting in creating more than 25,000 jobs for Arkansans.

In 2022 so far, we have signed 19 new incentive agreements with companies investing their resources into our state, which in turn is creating more than 2,900 jobs for Arkansans. This includes the historic investment with U.S. Steel committing more than $3 billion to create the most advanced steel-making facility in North America in Osceola, Arkansas.

Two weeks ago, I joined Commerce Secretary Mike Preston for a ribbon cutting of Lockheed Martin’s new facility in Camden. They invested more than $142 million to expand their facility by 85,000 square feet to increase production capacity for the world’s most advanced air defense missile.

In that same week, Preformed Line Products announced plans to expand operations in Rogers. They will invest $16 million to expand its Rogers facility by 82,000 square feet and plan to add 50 more employees in the coming months.

Another win for Arkansas is Veolia, which is expanding in Arkadelphia. Veolia is a global company that designs and provides water, waste, and energy management solutions that contribute to the sustainable development of communities and industries. In 2019 alone, Veolia Group supplied 98 million people with drinking water and 67 million people with wastewater service around the globe. Last week, they announced a $600 million investment in Arkadelphia – or specifically, Gum Springs – that will create 125 new jobs by 2024.

And then on Tuesday of this last week, Owens Corning, which produces construction materials, announced plans to expand its existing facility by 70,000 square feet. This $24.5 million investment plans to add 50 new jobs in the Fort Smith area.

Since January 2015, we have lowered taxes, reduced regulations, and increased the speed to market by cutting permitting time — all of which improve growth.

Now we are seeing historical investments with Arkansas companies expanding every week and new companies committing their resources to put down their roots in our state.  

AUDIO: Governor Hutchinson’s Weekly Address | Strengthening Arkansas’s Relationship with Israel

LITTLE ROCK – I signed a Memorandum of Understanding with the Israel Innovation Authority this week, and today I’d like to talk about what this means to Arkansas.

On Tuesday, my economic development team gathered with Dr. Ami Appelbaum, Chairman of the Innovation Authority, and Livia Link, Consul General of Israel. We gathered at the Melrose Hotel in Washington for the signing ceremony.

Dr. Appelbaum and I signed copies of the agreement in English and in Hebrew.

This agreement affirms the mutual interest of Arkansas and Israel to share ideas and to work together to produce technology that will benefit our nations and the world.

In the official language of the MOU, the purpose of this agreement is to promote activities to foster mutual cooperation in the innovation and development of technology.

I met Dr. Appelbaum last year when I was in Israel for the Prime Minister’s Smart Mobility Summit. This MOU is a logical next step to strengthen our robust relationship with one of the United States’ most important allies. It affirms the deep friendship and mutual respect between Arkansas and Israel.

Our relationship with the Jewish community dates to 1823 when businessman Abraham Block and his family were the first Jewish family to take up residence in Arkansas. Mr. Block and his sons opened businesses in four Arkansas counties, in New Orleans, and in Texas. The Blocks’ home in Washington is a museum in Historic Washington State Park.

I have had the privilege of expressing our support of Israel by signing bills that allow Arkansas to invest in Israel bonds and that prohibit state and local governments from conducting business with companies that boycott Israel.

As Israel’s ambassador said at the bill signing that day in August 2017, we were sending a message that Arkansas stands against hate and against anti-Semitism, and that Arkansas stands with Israel.

This agreement is a natural progression of our relationship with Israel.

My friendships within the Arkansas Jewish community have led to many personally enriching opportunities, such as participating in the annual Menorah lighting ceremony in Little Rock. I was equally enriched by the brief time we spent with our friends from Israel on Tuesday.

As I prepared to sign the Hebrew version of the MOU, I suggested that I was going to use my Hebrew name, which brought some laughter. The joke, of course, is that Asa is a Hebrew name.

Now that we have signed the MOU, we will explore what’s next in this mutually beneficial partnership between two leaders in innovation and technology as we embark on the next stage of our long relationship.

UA hires Mike Malone for economic development role

by Paul Gatling (pgatling@nwabj.com)

The University of Arkansas announced Monday (April 4) that Mike Malone is the school’s new vice chancellor for economic development.

Malone is vice president of community and corporate affairs for Runway Group, a private business team in Bentonville led by Steuart Walton and his younger brother, Tom Walton. They are grandsons of Walmart founder Sam Walton and the sons of Jim Walton, chairman and CEO of Arvest Bank Group Inc.

Runway Group is a holding company that makes strategic investments in real estate, hospitality, cycling and aviation.

Malone will begin his new job on April 18. He replaces Stacy Leeds, who stepped down from the position in July 2020. David Snow, director of Technology Ventures at the UA, held the job on an interim basis.

https://talkbusiness.net/2022/04/ua-hires-mike-malone-for-economic-development-role/

FRIENDS Foundation Announced a One Million Dollar SBA Community Navigator Pilot Program Grant for Sevier County Small Business Assistance

Tourism, Economic Development Leaders Partner To Recruit Return To Arkansas

By ROBY BROCK / TALK BUSINESS & POLITICS

While COVID-19 has impacted tourism and travel as well as business expansion, Arkansas is pushing forward to remain open and ready for business. Tourism and economic officials in Arkansas have spent many years trying to convince people to work, live and play in Arkansas.

Three people working hard on those efforts have new tools and new collaborations to conduct their business thanks to the Arkansas Legislature and a Gov. Asa Hutchinson executive order to develop more outdoor recreation businesses. Secretary of Parks, Heritage & Tourism Stacy Hurst, Secretary of Commerce Mike Preston, and Arkansas Tourism Director Travis Napper recently sat down with TB&P Editor-in-Chief Roby Brock.

https://www.ualrpublicradio.org/post/tourism-economic-development-leaders-partner-recruit-return-arkansas

(Clockwise) Arkansas Tourism Director Travis Napper, Talk Business & Politics Editor-in-Chief Roby Brock, Secretary of Parks, Heritage & Tourism Stacy Hurst and Secretary of Commerce Mike Preston discuss efforts to draw tourists back to Arkansas.

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VIDEO: Meeting of the FRIENDS Foundation of the Sevier County Economic Development Office

FRIENDS Foundation Established for Sevier County

Sevier County Economic Development Director Tiffany Maurer has announced that a foundation has been created to benefit Sevier County. The foundation is called FRIENDS, and it recently became an official 501 (c) (3) with the IRS allowing donors to receive tax credits. This foundation aims for funds to be raised from donations to assist Sevier County and its residents in cultivating and completing economic development projects and activities.

FRIENDS stands for Funding Retention and Increasing Efforts for Notable Economic Development in Sevier County. It was created last year with citizens of Sevier County in mind. Anyone who donates a minimum of $100 automatically becomes a member of the FRIENDS Foundation and funds raised will help Sevier County grow financially while also providing the Sevier County Economic Development department with the opportunity to receive money for business development, training, advertising, and assistance with projects to benefit Sevier County residents. The foundation will look for projects within opportunity zones while keeping site selection, business retention, and training efforts in mind to help with business development.

The annual FRIENDS Foundation meeting for 2021 will take place at the Herman Dierks Park Community Building in De Queen on Friday, February 5, 2021, at 11:30 a.m. The meeting is open to the public.

Topics to be discussed at the meeting will include future projects, funding progress toward the annual budget, and potential projects to establish the Sevier County Opportunity Zone Investment Fund. Masks will be required, and social distancing will be encouraged.

For questions on becoming a FRIENDS member or to RSVP for the FRIENDS Foundation’s annual meeting, please contact Sevier County Economic Development Director Tiffany Maurer at tmaurer@cccua.edu or 870-584-1184

VIDEO: Governor Hutchinson, Commerce Secretary Preston Make Economic Development Announcement

Governor Asa Hutchinson will be joined by Secretary of Commerce Mike Preston for an economic development announcement Wednesday, July 29, 2020, live at 10:00 a.m. (Click on Play Button Above)