Monthly Archives: May 2017

Sam Walton’s Desire For A Good Time

When the first Wal-Mart Stores shareholders’ meeting was held in Little Rock, nobody came. That didn’t sit well with Sam Walton. He decided to dedicate a whole week to raise awareness with Wall Street analysts. And like with almost everything else, he succeeded.

The star-studded concert extravaganza at the company’s annual shareholders’ meeting has grown through the years from those simple beginnings that originated after the company went public in 1970. That year, the company posted revenue of $30.862 million. Wal-Mart Stores now generates that revenue in about 35 minutes.   MORE

Ideas On Healing Arkansas “Fractures”

An “aggressive and uncommon” approach to education, efforts toward boosting “cultural competency” and the need to push a rural state toward “demands of the modern economy” are some of the many recommendations in the 2017 Under 40 Forum report delivered Tuesday (May 30) to Gov. Asa Hutchinson.

The report was compiled and produced by the Winthrop Rockefeller Institute, the Clinton School of Public Service, Arkansas Business and the Northwest Arkansas Business Journal. The report is being mailed to political, business and community leaders across the state. (Link here for a PDF download of the report. A short video about the report is at the end of this report.)   MORE

Arkansas Tech Board Approves Tuition Hike

The Arkansas Tech University Board of Trustees approved tuition and fee increases and an operating budget of $161 million for the 2017-18 fiscal year during a meeting at the Ross Pendergraft Library and Technology Center on Tuesday (May 30), according to a press release.

Included in the budget is a 3.2% tuition increase, from $219 per credit hour this past school year to $226 in 2017-18, for undergraduate students attending ATU in Russellville.

Graduate and doctoral tuition will increase 3.7%, from $274 per credit hour to $284. Tuition on the ATU campus in Ozark will increase from $118 to $122, according to the press release.  MORE

Smeltzer Awarded $11 Million COBRE Grant

LITTLE ROCK — University of Arkansas for Medical Sciences (UAMS) Professor Mark Smeltzer, Ph.D., has been awarded $11 million in federal funding for Phase II of a program that supports microbiology and immunology research.

Phase I of the Centers of Biomedical Research Excellence (COBRE) grant was awarded by the National Institutes of Health (NIH) in 2012 at $10 million. Phase II began May 1 and is $11 million.

The first COBRE grant allowed Smeltzer to establish the UAMS Center for Microbial Pathogenesis and Host Inflammatory Responses. Its focus is pathogens – bacteria, viruses and microorganisms – and the disease responses they cause in humans.

COBRE grants include funding for individual projects by junior research faculty — those who have just received their first academic appointments. The first grant supported projects on viruses and malaria. The $11 million award continues funding of the center, with individual projects on cancer, Lyme disease, pneumonic plague and chlamydial infection.    MORE

Suppliers Of Wal-Mart & Jet At Risk For Audits

The low cost mission of Wal-Mart is similar to that of, and the recent purchase of Jet by Wal-Mart could spell audit trouble for suppliers who have done business with both.

A new report from Bentonville-based Harvest Revenue Group outlines several risks for suppliers now that Wal-Mart knows the price Jet paid suppliers for like products.

Harvest Revenue President Boyd Evert, told Talk Business & Politics the suppliers facing the biggest audit risks could be those companies that have used distributors to unload remnant products at closeout prices.    MORE

Apptegy Receives $5.7 Million

Apptegy, a Little Rock-based tech startup company that received support from Hayseed Ventures in Fayetteville, received a $5.7 million investment from Five Elms Capital of Kansas City, Apptegy announced Tuesday (May 30).

The startup created Thrillshare, a digital content sharing framework used in hundreds of K-12 schools in 38 states, according to the release. The company builds a custom mobile app and website for each district, and the system allows school districts to manage all digital interactions, including from various devices and social networks, in once place.  MORE

ASBTDC To Host QuickBooks Online Training Sessions

JONESBORO – Small business owners have a couple of opportunities to jumpstart accounting needs by attending QuickBooks Online training sessions at Arkansas State University.

The Arkansas Small Business and Technology Development Center (ASBTDC) will have four total seminars for entrepreneurs and small business owners, Tuesday, June 6, and Thursday, June 8, in the Delta Center for Economic Development, 319 University Loop Circle.

Event fees are $75 per class, and a certified personal accountant teaches each course.

“QuickBooks for Beginners” is a class that allows online users to start up business accounting needs. This session, June 6, from 9 a.m. until 12 p.m., familiarizes the user in preparing QuickBooks Online, including the set up process for lists, customers, vendors, assets and liabilities.    MORE

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