Dickson Street Flowers on the Square Local Music National Cemetary Penguin Eds


Home

Economic Development

News Around Northwest Arkansas Region and the State of Arkansas

Northwest Arkansas Ranks 15th for Growth from '00-'10 (March, 2012)

Northwest Arkansas' population grew at among the fastest rates in the country from 2000 to 2010, according to new information releaased by the US Census.  The region's urbanized growth rate ranked 15th among the top 20 fastest growing urbanized areas in the country.  No other urbanized area in Arkansas ranked in the top 20.  The report shows that urban areas account for 80.7% of the US population.  In Arkansas, the urban population accounts for 56.2% of the population with 39.5% living in urbanized areas.  Urbanized areas are areas with at least 50,000 people while urban population consists of "urban clusters" of at least 2,500 people.  Urbanized areas are based on population density of census blocks and do not follow established boundaries for cities and counties.

Asian Population Increases (March, 2012)

Asian Indian residents have surpassed Vietnamese residents as the dominant Asian group in Arkansas.  The US Census Bureau released a new report that Arkansas had a 77% increase in its Asian population from 2000 to 2010 and that the Asian population was the fastest growing race group in the nation.  Eight Arkansas counties--Benton, Craighead, Crawford, Faulkner, Pulaski, Saline, Sebastian, and Washington--had at least 1,000 Asian residents in 2010, compared to four--Benton, Pulaski, Sebastian, and Washington--in 2000.  Pulaski county has the highest number of Asian residents in both 2000 and 2010, with 9,232 in 2010.  Benton county experienced the most growth, a 269% increase in its Asian population.  It grew from 2,012 in 2000 to 7,428 in 2010, according to the 2010 census.


Vehicle Registrations Up Again In State (March, 2012)

Vehicle registrations jumped significantly in February compared with the same month last year.  It was the 17th consecutive month of increased registrations on a year-over-year basis.  There was 6,968 new registrations in February, an increase of 57% from 4,448 in February 2011.  Year-to-year registrations saw an increase of 26%, from 67,500 in March 2010 through February 2011 to 85,300 registration from March 2011 to February 2012.  Sales nationally was also robust in February, though the increase was not as high as Arkansas' growth rate.

Area School Districts To Submit Technology Plans (March, 2012)

Northwest Arkansas school districts will submit their three-year technology plans to the Arkansas Department of Education in March.  Schools are required to draft plans to the state in order to receive federal school technology money.  School districts plan to increase internet access, teacher training, and the number of computers, laptops, and tablets in classes.  The Fayetteville School District plans to spend $10 million on technology over the next three years.  Administrators can cover about $8 million leaving them to search for the remaining $2.1 million in the form of grants or federal programs to pay for the technology plan.  Springdale plans to spend $25 million over the next 3 years, Rogers would have to pay $11.9 million while Bentonville plans to spend about $20 million in technology money over the next three years. 

Lincoln High Set To Open In August (March, 2012)

Lincoln High School and its athlete complex is proceeding well.  The facilities are set to open in August.  The project was made possible by a 2.9 mil property tax increase in 2010 that was approved by District voters. The tax increase is expected to generate $700,000 to help pay back $6 million in qualified school construction bonds.  The state also contributed $5.3 million towards the construction.  The 100,000 SF facility will serve eigth through 12th grades.  The school will have state-of-the-art classrooms for science, technlogy, engineering and math labs as part of the new Tech program which will be launched schoolwide next year.  The program offers integrated courses and student-led project-based learning with emphasis on real-world experiences. 

The vocational area will include an agriculture building, a classroom for food science classes, and two green houses, one of which will be used for hydroponics gardening.  Students also will have opportunities for some industry certification courses. 

State To Get $4.9 Million To Train Nurses (February, 2012)

The Arkansas Department of Workforce Services has received a $4.9 million federal grant to train more than 1,500 residents to become nurses.  Arkansas is one of 43 states that received more than $183 million.  UAMS Medical Center, Arkansas Association of Two-Year Colleges, Arkansas State Board of Nursing, Arkansas Hospital Association, Arkansas Health Care Association, Arkansas Chamber of Commerce, and the Arkansas Community Foundation are partners with the Workforce Services to implement this grant.  The project will target qualified individuals who are on waiting lists to enter nursing programs, unemployed and dislocated workers, and those currently working the healthcare fields and are looking to further their education.

Area Foreclosures Continue to Slide (February, 2012
)

Foreclosures in northwest Arkansas remained at significantly lower rates than a year ago. Last month, Washington and Benton counties had 110 foreclosures in the pipelines compared to 711 reported in January, 2011. This was a decrease of 84.53%. Nationally, foreclosures were down 19% from January 2011. While overall foreclosure activity was down from a year ago for the 16th straight month in January, this might be partly due to a frozen-up foreclosure process. One factor holding up the state's foreclosures was a September 29th ruling by US District Judge Audrey Evans that allowed lenders "authorized to do business in the state" to use nonjudicial method of foreclosure. Banks are challenging this ruling. Another factor that might impact foreclosures was the recent mortgage settlement. Five of the largest mortgage providers in the nation reached an agreement with the federal government and 49 state attorneys general to provide about $25 billion in relief. The state of Arkansas would receive $39.4 million. These monies would be used to pay first and second-lien principal reduction and other forms of loan modification relief; to refinance loans for underwater borrowers; to help those who lost their homes to foreclosure between January 2008 and December 2011 and to government agencies that offer housing assistance and legal help.

 

 

 

Harding University Plans Permanent Campus (January, 2012)

The Harding University satellite campus in Bentonville is building a permanent home in Rogers.  The site will be at 901 S. 52nd St. in Rogers and the building will be 12,000 SF with room on the site for expansion.  The Harding campus offers nontraditional students who do not have time to return to the classroom full time to complete a bachelor's or master's degree.  Students who have 60 hours of college credit can take evening and weekend classes or work online to receive a teaching or business degree.  The local campus cuurently has an enrollment of about 350 students. 

Archive

2011
2010

 

 

 

 

Fayetteville, AR makes the Top Lists 

 

 

U of A ranked among the top 108 (top 2%) universities to receive the Highest Classification awarded to colleges across the US by the Carnegie Foundation for The Advancement of Teaching.

Top 100 Leading Locations for 2011 by Area Development Magazine.

Fayetteville High School named to Newsweek's 2010 Best US High School List.

No. 15: Best Places to Retire, CNN Money.com

Top 25: University of Arkansas' Supply Chain Management and Logistics Specialty in "2011 America's Best Colleges" guide, US News and World Report

No. 15: Fayetteville led the way for Arkansas in Forbes' annual list of the top 100 metropolitan areas in the nation for businesses and careers. 

Top Tier: University of Arkansas' Sam M. Walton College of Business and the School of Law in the 2011 edition of America's Best Graduate School, US News and World Report 

No. 7: Top College Sports Towns, 2010 Forbes

No. 4: Best Places for Business and Careers, 2009 Forbes

No. 9: Healthiest Housing Markets, 2009, Builder magazine

No. 6: Top College Sports Towns, 2009 Forbes

No. 7: Best Places to Live, Work and Play, 2008, Kiplinger

No. 2: Best Cities for Recession Recovery, 2009, Forbes.com

No. 6: Smarter Cities Ranking, 2009, Natural Resources Defense Council 

Back to top