How President Biden’s new relief plan could help Arkansas’s economy

Dr. Michael Pakko was interviewed about how President Biden’s 2 trillion dollar relief plan and new stimulus checks could help Arkansas’s economy.

What impact could a $15 minimum wage have on Arkansas workers?

The Biden Administration is looking at proposing a $15 federal minimum wage increase. Arkansas’ minimum wage is currently $11 an hour, much higher than the current federal minimum of $7.25. Michael Pakko said raising the federal minimum wage to 15 dollars would be a big change for Arkansas. The state’s median wage is $15.84, meaning […]

Latest Arkansas Revenue Report Shows Continued Above Forecast Growth

Arkansas’ economy continues to outperform its forecasts, according to the December revenue report from the Department of Finance and Administration. Arkansas’ net available general revenue is 7.3% above forecast, but $17.2 million or -3.1% below last year’s amount. Michael Pakko with the Arkansas Economic Development Institute says one area of the economy that continues to […]

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

The Arkansas Economic Development Institute (AEDI) has launched an interactive COVID-19 data dashboard that tracks the social and economic impact of COVID-19 on Arkansas. The dashboard provides a variety of socioeconomic data, such as employment and mental health, for the state, its communities, and surrounding states.  “We are excited and proud to offer this unique […]

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

AEDI recently completed a study of the economic impacts of the University of Arkansas – Fort Smith. In 2019, the university supported an estimated $142.7 million economic impact to Sebastian County. The study also covers the university’s impact on jobs, labor income, and its graduates’ financial future. To read the full article about the study on […]