According to the Global Entrepreneurship Monitor, startups rose nearly 60% nationally from 2010 to 2011 (from 8-12%). In early January, Price Waterhouse revealed a 22% increase in venture capitalist funds over the same period, rising to $28.4 billion.
Homebuilders and commercial construction firms registered a healthier pulse across Benton and Washington counties last year. The cumulative new building permit values in Fayetteville, Springdale, Rogers, Bentonville and Siloam Springs jumped 27.3% during 2011.
Seven banks in Arkansas are still on the hook to the Treasury Department for more than $93 million they took as part of a government initiative in early 2009 known as the Troubled Asset Relief Program or TARP.
Walmart’s Sam’s Club is breaking new ground appointing its first female chief executive officer in company history. Rosalind Brewer, 49, will replace Brian Cornell, 52, who is returning to the Northeast for family reasons, according to a company statement issued Friday morning (Jan. 20).
The first physical work associated with a planned $192 million investment in new and expanded medical facilities in the Fort Smith area by St. Louis-based Mercy was recognized Thursday with a groundbreaking for the $4.4 million medical clinic.
President Barack Obama’s refusal to approve construction of the Keystone XL pipeline sparked an intense round of political finger-pointing, with Arkansas’ two Democratic members of Congress also expressing disappointment with the President’s decision.
BancorpSouth reports that 2011 net income reached $37.6 million, a gain over 2010 income of $22.9 million. For the fourth quarter, the company posted net income of $13.3 million, up over the $11.9 million in the 2010 period.