Arkansas Business

02/13/2025

After just three years in Osceola, the electric vehicle maker is moving on.

Envirotech Vehicles Inc. (Nasdaq: EVTV) announced plans to relocate its corporate headquarters from Osceola, Arkansas, to Houston by the end of the first quarter of 2025. The EV maker said it will expand manufacturing in an 86,000-SF Houston facility while retaining its 580,000-SF plant in Arkansas.

02/12/2025

The state also closed its requests for proposals as $54.1 million in federal funding hangs in the balance.

Nearly $15 million in Arkansas EV charging projects were halted after the Trump administration suspended federal NEVI funding, ARDOT announced Tuesday.

02/11/2025

Do you know an exceptional business leader under the age of 40? Nominations for Arkansas Business' annual 40 Under 40 class are NOW OPEN. >> Nominate today at www.arkansasbusiness.com/event/40

02/04/2025

It was a rough year for the state's largest health insurer.

Arkansas Blue Cross & Blue Shield, after a $100M loss and layoffs, explores a merger with Cambia Health, raises premiums, and cuts lobbyist contracts to reduce costs.

02/04/2025

Costs have risen due to “large increases” in the use of all medical services, especially prescription drugs.

Arkansas Blue Cross & Blue Shield laid off 2% of its workforce, around 75 employees, after reporting a $100.5M loss in the first three quarters of 2024. The company cited rising health care costs and membership declines as key factors.

02/04/2025

The transition marks the family-owned firm's third era of generational leadership.

Stephens Inc. of Little Rock announced leadership changes as Warren Stephens stepped down as CEO after 37 years, with his sons Miles and John named co-CEOs and daughter Laura Brookshire taking on a senior executive role.

02/04/2025

He rejected the sheriff's official version of events and went to court in search of the truth.

The Arkansas Court of Appeals ruled Kerry Baker can refile his lawsuit over his son’s 2015 death, reversing a lower court’s dismissal with prejudice.

02/04/2025

About 250 workers are losing their jobs.

Tokusen USA Inc. is shutting down its Conway, Arkansas, facility in March after 34 years, affecting 200-250 jobs. The closure stems from shrinking domestic tire markets, rising costs and international trade pressures.

02/04/2025

The city-owned venue with more than 275,000 SF of event space will be known as the Arvest Convention Center.

Arvest Bank has secured naming rights for the Cox Business Convention Center in Tulsa under a 10-year deal starting March 1. The city-owned venue will be renamed Arvest Convention Center.

02/04/2025

It was the company’s third consecutive quarter of year-over-year growth in sales, operating income and earnings per share.

Tyson Foods reported fiscal Q1 2025 net income of $359 million, a 235.5% increase from a year ago, on $13.6 billion in revenue. Earnings per share rose to $1.01, surpassing Wall Street expectations.

02/04/2025

Net available general revenue totaled $634.2 million, down $33.1 million from last year.

02/04/2025

A new distributor and new products have raised the Hot Springs brewer's national profile.

Origami Sake expands to 36 markets and launches Zero, the first U.S. nonalcoholic sake, tapping into the growing low- and no-alcohol beverage trend.

02/04/2025

Bengal, 73, served Arkansas and the state of Illinois well for more than 52 years.

Lawrence Bengal will retire after 20 years as Arkansas Oil & Gas Commission director, leaving a legacy in fracking regulation and the state's emerging lithium industry.

02/04/2025

A firm based in Aspen, Colorado, purchased the property.

West Little Rock office-warehouse properties sell for $6.33M, a 43-unit apartment complex trades for $3.97M, and downtown retail space changes hands for $1.25M.

02/04/2025

Check out this week's roundup of notable hires, promotions and personnel moves in Arkansas.

HoganTaylor LLP has announced several promotions in its Arkansas offices, including Hannah Gilliland to assurance senior manager in Fayetteville and Gregory Justus to tax senior manager in Little Rock.

02/04/2025

Here's this week’s roster of million-dollar real estate transactions and construction contracts.

This week’s real estate highlights: $7.1M self-storage project, $3M sale of 7811 Cantrell, and $1.5M purchase of Orleans Square Apartments in Little Rock.

02/04/2025

He has served as security for three Walmart Inc. CEOs and other executives.

Douglas Elms, founder of SafeHaven Security Group, prioritizes brains over brawn in personal security, protecting CEOs and handling threats discreetly without intimidation.

02/04/2025

Warren and Harriet Stephens are among the project's supporters.

Philanthropic donors have pledged $2.18M to the Artspace Windgate campus in Little Rock, including $1M from Harriet & Warren Stephens and $300K from Stan Hastings.