NE Arkansas

Arkansas Aerospace & Defense Alliance holds first ever meeting in NEA

by George Jared (gjared@talkbusiness.net)

The Arkansas Aerospace & Defense Alliance held its first-ever meeting in Northeast Arkansas on Wednesday (June 26). Members gathered at the Arkansas Aeroplex and Arkansas Northeastern College. County leaders gave aerospace and economic updates.

The Arkansas Aeroplex is home to 40 commercial businesses, including Aviation Repair Technologies (ART), a member of the Arkansas Aerospace & Defense Alliance. The Aeroplex, formerly Eaker Air Force Base, features an 11,600-foot-long, 300-foot-wide runway and is the designated site of the National Cold War Center, scheduled to open in 2027.

“We are laser-focused on growing the aerospace and defense industry in Arkansas and promoting the members we have across the state, including those located in Mississippi County, Aviation Repair Technologies (ART) and the Arkansas Aeroplex,” Arkansas Aerospace & Defense Alliance executive director Chad Causey said. “We are appreciative of the invitation to come to the Aeroplex and explore the growth potential that exists here for the industry and our state.”

Arkansas Aerospace & Defense Alliance holds first ever meeting in NEA

Eaker Air Force Base.

Judd Hill Foundation Pledges $1 Million to Support UAMS Northeast Regional Campus, Cancer Patients

By Andrew Vogler

LITTLE ROCK — The University of Arkansas for Medical Sciences (UAMS) announced today in Jonesboro that the Judd Hill Foundation has pledged $1 million to establish the Judd Hill Foundation Fund for Excellence in support of the UAMS Northeast Regional Campus and cancer patients in the region.

“I would like to thank the Judd Hill Foundation for its continued support of UAMS, helping us to advance the most critical initiatives of the institution,” said Cam Patterson, M.D., MBA, UAMS chancellor and CEO of UAMS Health. “This support of UAMS’ mission-critical work will leave a legacy that will endure well into the future and will have a profound impact on the lives of the people in Northeast Arkansas.”

The Judd Hill Foundation Fund for Excellence will invest in the Northeast Regional Campus’ highest priorities including support for education, research, clinical care and campus improvements. The funds will also be used by UAMS to provide additional support for cancer patients in the Delta, helping connect them with resources and care providers in their region. The UAMS Winthrop P. Rockefeller Cancer Institute is on the path to achieving National Cancer Institute Designation and increasing outreach to patients in rural areas is a major goal in that process.

Judd Hill Foundation Pledges $1 Million to Support UAMS Northeast Regional Campus, Cancer Patients

A-State’s Center for Advanced Materials and Steel Manufacturing receives $10 million

by George Jared (gjared@talkbusiness.net)

A $10 million Congressional appropriation, led by U.S. Sen. John Boozman, R-Ark., will advance plans for the Arkansas State University Center for Advanced Materials and Steel Manufacturing to support the largest steel producing region in the country.

A-State will use the funding to invest in high-tech equipment for a multi-million dollar facility that will advance the rapidly growing steel industry in the Arkansas Delta and throughout Northeast Arkansas. The region is the nation’s leader in steel production, with more than 20 steel-related companies employing some 3,600 workers and another $3 billion in facilities under construction creating another 900 jobs.

The university anticipates close partnerships with steel manufacturers for research, process improvements, testing of advanced materials and steel manufacturing while training a growing, professional workforce for the industry and region.

A-State’s Center for Advanced Materials and Steel Manufacturing receives $10 million

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.

U.S. Steel to be acquired in $14 billion deal

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

U.S. Steel, which owns Big River Steel and other operations in Northeast Arkansas, is being acquired by Tokyo-based Nippon Steel Corp. in a $14.1 billion deal, the companies announced Monday (Dec. 18).

Nippon will pay $55 per share in an all-cash transaction, a 40% premium, for U.S. Steel. The companies said in a joint press release that U.S. Steel will retain its iconic name and headquarters in Pittsburgh.

Nippon Steel Corp. (NSC) is Japan’s largest steelmaker and one of the world’s leading steel manufacturers. The transaction has been unanimously approved by the board of directors of both companies and is expected to close in the third quarter of 2024.

U.S. Steel to be acquired in $14 billion deal

National Cold War Center to host ‘Cold War Party’

by George Jared (gjared@talkbusiness.net)

The National Cold War Center (NCWC) will host its first annual Cold War Party on November 4.

Previously called The National Cold War Center Gala, the Cold War Party is NCWC’s largest fundraising event of the year. As in previous years, the event will take place at Hangar 207 at the Arkansas Aeroplex in Blytheville.

“The Cold War Party will be a ‘can’t miss’ annual event for anyone who is passionate about The National Cold War Center and the development of Northeast Arkansas into a worldwide destination,” said Katie Thomason, Event Chair of the Cold War Party. “As we evolve the tradition that we have started with the gala in recent years, we look forward to coming together with our many generous patrons once again to celebrate The National Cold War Center and promote its future.”

The dress code for the event is cocktail attire.

https://talkbusiness.net/2023/09/national-cold-war-center-to-host-cold-war-party/

Rains likely to hurt Arkansas’ rice crop

by George Jared (gjared@talkbusiness.net)

Recent perpetual rains may have a significant impact on Arkansas rice as the crop inches closer to harvest. Northeast Arkansas farmers have been checking their fields for losses after storms late last week and this weekend dumped more than 6 inches of rain in places.

Coming into the week, the National Agricultural Statistics Service listed Arkansas’ rice crop at 10% mature, well ahead of the five-year average of 5%. Rice was 74% headed compared with the five-year average of 65%.

Jackson, Independence, Izard, Searcy and Stone counties were among the hardest hit by the storms, according to the National Weather Service.On social media, farmers reported between 4-8 inches in Independence County and 5-6 inches in Poinsett County.

https://talkbusiness.net/2023/08/rains-likely-to-hurt-arkansas-rice-crop/

Envirotech, AEDC enter into $27 million agreement

by George Jared (gjared@talkbusiness.net)

Northeast Arkansas electric vehicle manufacturer, Envirotech, has entered into a $27 million agreement with the Arkansas Economic Development Commission. The agreement will aid in facility construction and expansion in Osceola, in addition to hiring and training efforts to bring more than 850 full-time employees to Mississippi County.

Corona, Calif.,-based Envirotech announced in February it would bring an $80 million manufacturing plant to Arkansas with the intention to quickly begin aspects of production.

“We’re excited to announce a partnership with AEDC, which is one of many recent announcements showcasing the company’s ability to ramp up EV production and get more commercial EVs on the road to our customers. We have been making tremendous progress. Final assembly is currently taking place in Osceola and facility renovations are underway. As the state’s only licensed auto manufacturer, we’re excited to have AEDC on board as we work to hire and train more than 850 employees,” said Envirotech Vehicles CEO Phillip Oldridge.

https://talkbusiness.net/2022/07/envirotech-aedc-enter-into-27-million-agreement/

Delta Variant Overrunning NEA Hospital Systems; Jonesboro Mayor Urging Vaccines

by George Jared (gjared@talkbusiness.net)

Arkansas has become one of the hot spots in the country for the spread of the Delta variant of the COVID-19 virus, and Northeast Arkansas is feeling the impact.

During the last 14 days, the number of hospitalizations in Arkansas has doubled to 687. UAMS Chancellor Dr. Cam Patterson recently told Talk Business & Politics the number of cases and hospitalizations is rising dramatically and is being fueled by the lack of vaccinations.

Patterson said the Delta variant is much more contagious, and has the potential to be more lethal. The average age of patients admitted during the last COVID-19 surge was in the 60s, but that number has dropped to people in their 40s and several patients have had to have lung and heart bypasses.

https://talkbusiness.net/2021/07/delta-variant-overrunning-nea-hospital-systems-jonesboro-mayor-urging-vaccines/

AUDIO: Governor Hutchinson’s Weekly Address | Sunken Lands Water Trail

LITTLE ROCK – On Wednesday, I traveled to Poinsett County for the dedication of the state’s newest water trail. Today I’d like to share a bit of the story behind the Sunken Lands Water Trail, which was created by the Arkansas Game and Fish Commission, the St. Francis Lake Association, the Trumann Area Chamber of Commerce, and by what insurance companies refer to as an act of God. The roots of the story reach back to the New Madrid earthquakes more than two centuries ago.

There is enough history, heartbreak, and political intrigue per square foot of this 37,000-acre patch of northeast Arkansas to keep genealogists, geologists, foresters, engineers, historians, and novelists busy for years.

The Sunken Lands Water Trail, which is a path for paddlers rather than pedestrians, is the Game and Fish Commission’s fourteenth water trail. Sunken Lands takes its name from the earthquakes in the early 1800s when the land literally sank and disappeared under water.

The quakes began in December 1811 and continued through March 1812. Land in the counties of Craighead, Mississippi, and Poinsett disappeared. An eyewitness wrote that the ground moved like waves on the land, and that the earth burst open and sent up huge plumes of water and sand. Where forests and hills once dominated, only flooded land remained. The quakes dug chasms as deep as fifty feet and dumped land into the St. Francis River. Many who survived the quakes lost everything they owned and moved away. Some who moved west settled at Crowley’s Ridge, the only high ground left.

For more than a hundred years, Arkansans worked to make something of the waterlogged regions. Their ingenuity produced the Steep Gut Floodway with a lock and sluiceway in 1926, and Marked Tree Siphons, which went into operation in 1939. A newspaper reporter for the Marked Tree Tribune wrote that the siphons lifted “the whole river thirty feet across a dam and deposited it on the other side.”

The siphons and the floodway controlled and drained the water, and allowed towns such as Lake City, Turrell, Lepanto, Marked Tree, Tyronza, and Trumann to thrive. A loop off U.S. 63 runs through much of the Sunken Lands region, including the St. Francis Sunken Lands Wildlife Management Area, famous for its hunting and fishing. The Marked Tree Siphons is on the National Register of Historic Places, which you can still see and which continues to siphon water.

More than two-hundred years later, Arkansas has found another use for the waterway by creating the water trail, which will draw thousands of tourists. The St. Francis Sunken Lands Water Trail was conceived by local officials and nature lovers, who were assisted in their dream by the Arkansas Game and Fish Commission. Game and Fish Biologists Jeremy Brown and Jessica Holman spent hundreds of hours on the project. Chris Colclasure, deputy director of Game and Fish, Neal Vickers, retired executive director of the Trumann Area Chamber of Commerce, and Congressman Rick Crawford supported the project.

On Wednesday, I saw the trail from the shore and from a boat. The day was sunny, and the scenery was beautiful. Sunken Land Water Trails is another jewel in the Natural State’s crown, a place packed with history and primed for the future.