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Month: August 2023

Arkansas’ jobless rate dips to 4.4%, tourism sector continues to post most job losses

  Arkansas had 18,549 fewer employed in March compared to March 2020, with 60% of the job losses coming from the state’s hard hit tourism sector, according to Friday’s (April 16) report from the U.S. Bureau of Labor Statistics (BLS). The state’s jobless rate in March was 4.4%, down from 4.5% in February and below…

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Montrose Environmental Group relocates executive offices to Arkansas

  Montrose Environmental Group Inc. said Tuesday (Aug. 10) it will locate its principal executive office from Irvine, Calif., to North Little Rock. The move is expected to create 90 new, high-paying jobs eventually. State officials said they offered tax incentives to lure the company’s move, including the create rebate and tax back programs. Publicly-traded…

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Westrock Coffee Company creates financial shared services center

  Westrock Coffee Company announced Tuesday (Aug. 3) the creation of a Financial Shared Services Center in Concord, North Carolina. The division will support the company’s domestic operations. Westrock Coffee acquired Concord-based S&D Coffee & Tea in February 2020 and the combined company now employs about 1,200 people globally. “We are pleased to announce the launch…

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Parts in a gas-powered car

Is Driving a Tesla Better for the Environment? It Depends…

Are Teslas and other electric vehicles perfect for the environment? The answer is “no”, since nothing can be perfect. Electric vehicles are still a source of GHG emissions as a result of the manufacturing and raw material extraction processes. Further, and more importantly, lifetime emissions for electric vehicles also depend on the sources of fuel…

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Highway official: Memphis bridge fracture could have caused ‘catastrophic event’

    The “significant fracture” that shut down the 48-year-old Hernando de Soto Bridge across the Mississippi River between West Memphis and Memphis on Tuesday (May 11) could have led to a “catastrophic event,” according to Arkansas Department of Transportation (ArDOT) Director Lori Tudor, and it’s too early to tell when either a short-term or…

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