Economic slog forecast till end of ’22

Economists predicted Thursday that it likely will be the end of 2022 before the state and the nation experience a full economic recovery from the coronavirus pandemic. The projections were outlined as part of an annual briefing on the national, state and Little Rock economies hosted by the St. Louis office of the Federal Reserve […]

Employment to Return to Pre-Pandemic Levels by Late 2022

Arkansas economist Michael Pakko told Arkansas Business on Friday that the state could see a return to pre-pandemic employment figures by the end of 2022 — an outlook that could be affected by the release of a vaccine, more stimulus payments and new shutdowns. But income and consumer spending will likely see more rapid growth, […]

UA-Pulaski Tech Gets $2.5M Grant for STEM Park

The U.S. Economic Development Administration on Friday awarded a $2.5 million grant to the University of Arkansas-Pulaski Technical College of North Little Rock to launch the first phase of its STEM Park project. The proposed, $10 million STEM Park aims to help fill a demand for jobs in the science, technology, engineering and mathematics fields. […]

AEDI Creates New COVID-19 Initiative to Track Virus’s Social and Economic Impact on Arkansas

The Arkansas Economic Development Institute (AEDI), based at the University of Arkansas at Little Rock, has developed an interactive COVID-19 data dashboard that tracks the social and economic impact of COVID-19 on Arkansas. The dashboard will provide Arkansans access to timely and relevant information on how the virus affects their employment, mental health, food security, […]

Arkansas Unemployment: Metro vs. Rural Areas

The unemployment rate in Arkansas moved up slightly in August, to 7.4%, as it did in six of the state’s eight metro areas. Only Fort Smith and Texarkana posted declines between July and August. The “unemployment statistics seem to suggest that non-metro parts of the state showed relative improvement in August,” the state’s economic forecaster, […]

UAFS Touts $142M Economic Impact in Sebastian County, says Independent Study

The University of Arkansas – Fort Smith is a substantial academic and economic powerhouse in its region, supporting an estimated $142.7 million economic impact to Sebastian County in 2019, according to an independent study released today.    The university, which contributes more than 1,400 jobs and $55.4 million in labor income to the regional economy, enrolls […]