Arkansas Money & Politics April 2019

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KATHY LIGHTLE Animal Lover Cardiology Patient Grandmother Arkansas Neighbor HOSPITALS • CLINICS • SPECIALISTS Unity Health celebrates the authentic relationships formed by living, working and caring for each other. The spirit of Unity in these relationships is what we call Community.

Unity-Health.org


A POWERFUL HISTORY OF POWERING FUTURE MINDS. The mission to deliver affordable power by our 17 electric distribution cooperatives remains as strong today as it was when we were first charged with bringing electricity to rural Arkansas. Now covering more than 60 percent of Arkansas, we’re providing reliable service to more than half a million homes, farms and businesses. Through educational progams like SeaPerch, the next generation of robotic engineers and scientists will put our next generation power to work in ways we can only imagine. And we’ll be right with them, powering our future, together.

1 Cooperative Way • Little Rock, AR 72209 (501) 570-2200 • www.aecc.com AMP | APRIL 2019


What started as a small automobile accessory company in downtown Little Rock in 1919 has grown into one of the largest private family-owned auto parts operations in the country. Today, we employ more than 1,300 employees, represent Bumper-to-Bumper as one of its largest affiliates and serve thousands of customers across seven states. We’ve enjoyed 100 years of helping to grow our State’s economy, funding hundreds of scholarships for local vocational students, and serving our communities by donating to hundreds of charities through the Crow Burlingame Foundation.

And we're ready for our next 100 years with the fourth generation of our family in the driver’s seat. AMP | APRIL 2019


Pictured left to right: Bill Schlatterer Fletcher Lord Jr. Ben Butler Bobby Lord Crow Lord Fletcher Lord III

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INDUSTRY

ESTIMATED EMPLOYMENT

PROJECTED EMPLOYMENT

MANUFACTURING

154,599

158,865

FINANCIAL SERVICES

51,595

55,761

EDUCATION

289,821

335,447

GOVERNMENT

96,273

103,462

PROFESSIONAL SERVICES

142,483

163,220

LABOR FORCE

EMPLOYED

UNEMPLOYED

RATE

PULASKI COUNTY

186,927

179,341

7,586

4.1

BENTON COUNTY

132,573

128,096

4,477

3.4

WASHINGTON COUNTY

120,789

117,128

3,661

3.0

FAULKNER COUNTY

60,695

58,368

2,327

3.8

SALINE COUNTY

56,993

54,915

2,078

3.6

LABOR FORCE

EMPLOYED

UNEMPLOYED

RATE

CALHOUN COUNTY

2,459

2,314

145

5.9

LAFAYETTE COUNTY

2,497

2,353

144

5.8

MONROE COUNTY

2,743

2,604

139

5.1

WOODRUFF COUNTY

2,818

2,631

187

6.6

SEARCY COUNTY

2,831

2,680

151

5.3


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SBIR Funding Per Capita

$6.29

$1.52

SBI R

“America’s Seed Fund”


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R EL AT IONS VA LU EXPE SERV T R A DI TE IN TE EXC

H E R I T A G E

IPS S IENCE CE ION MWOR K R IT Y LLENCE

We are proud to celebrate 65 years of service and solutions. Since 1954, the foundation of our law firm has been, and continues to be, our solid, long-term relationships with clients — they are the core of who we are.

Little Rock | Rogers | Jonesboro | Austin | MitchellWilliamsLaw.com Mitchell, Williams, Selig, Gates & Woodyard, P.L.L.C. | R.T. Beard, III, Managing Director 425 W. Capitol Ave., Suite 1800 | Little Rock, AR 72201

LPL Financial, Inc. 2018

New name. Same location. Lara Wilkerson Durham Financial Advisor LPL Financial lara.durham@lpl.com AR Insurance #8913727

49 years combined experience serving our investors.

John P. Hoefl, CRPC®

501-760-3400 2228 Albert Pike Rd., Suite R, Hot Springs, AR

Financial Advisor LPL Financial john.hoefl@lpl.com AR Insurance #1197665

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WE ARE HIRING! Hiring in positions across the company. Sales, Client Experience, Development, and more. 2015

Hired first full-time employee. 2016

Expanded product into 20 states. 2017

Hired 50th employee + raised significant growth investment. 2018

Maintained 100%+ year over year revenue growth + hired 85th employee. 2019

You’ll decide.

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Are you ready for the challenge? Apptegy.com/careers careers@apptegy.com


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THE HORSES HAVE REACHED THE FINAL STRETCH! Get your seat at the finish line to see these top college thoroughbreads and pick your winners at the Governor’s Cup Awards Luncheon! Thursday, April 11 - 11:30 a.m. - 1:00 p.m. | Statehouse Convention Center, Little Rock

For seating and other info, call Arkansas Capital Corporation at 501-374-9247 or visit: argovernorscup.org

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IT TAKES JUST ONE IDEA TO MAKE A CHANGE Delta Plastics started with a vision to change how the Mid-South irrigates. Now, 22 years later, more than 100 billion gallons of water have been saved and a billion+ pounds of plastic recycled.

Delta Plastics is honored to be a title sponsor of the

2019 ARKANSAS GOVERNOR’S CUP

Where Ideas Are Encouraged, Recognized, and Rewarded DP AD_ AR Governors Cup 2019.indd 2

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IGNITING ARKANSAS’ POTENTIAL ASMSA offers an experience that combines the best parts of both high school and college in a unique community of learning. It is the only school in the state to provide advanced course opportunities in STEM, arts, and entrepreneurship in an on-campus residential experience. ASMSA alumni have been involved in startups related to technology, solar energy, fashion, manufacturing, cryptocurrency, communications and other topics of global interest. We can’t wait to see what our next generation of innovators and entrepreneurs bring to the state and world. Ignite your curiosity by visiting the state’s premier public high school!

asmsa.org

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Empowering

Innovators & Entrepreneurs • Consulting • Workshops and Programs • Mentors • Intellectual Property Strategy • Leadership and Team Development • Venture Finance and Budget Development

Where entrepreneurs, startups, and growth-oriented companies receive no-cost consulting on everything from strategic planning to Kickstarter campaigns.

StartupJunkie.org

IT ALL STARTED ON A NAPKIN Great business ideas often get their start on a simple napkin. And once that idea has legs, that’s when the Arkansas Economic Development Team can provide valuable assistance with investment incentives, workshops, tax credits and grant programs to get your business up and running. To learn more about these programs, visit ArkansasEDC.com/Start.

Go to ArkansasEDC.com/Start for more information. AMPPOB.COM | 9


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MAKING IDEAS HAPPEN The best part of startup law is helping innovators bring their visions to life. PPGMR Law is proud to support Arkansas entrepreneurs. With offices in Little Rock, El Dorado and Stuttgart, PPGMR Law is a business-focused law firm known for its experience in helping entrepreneurs, technology companies, startups and investors. Visit us at ppgmrlaw.com.

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OPENING DOORS FOR Arkansas B U S I N E S S .

First Security offers solutions and local expertise to turn your passion into profit. What’s your better? Get there with us.

Member FDIC

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HALL OF BUSINESS

AP ATIVE REC M • LEGISL KS & TOURIS FAME • PAR

FEBRUARY 2019 AMPPOB.COM

MER HALL of FANS STI LL RRE N STE PHE WA ACY FOR GIN G HIS LEG

Dr. Ali Krisht’s BOLD VISION Ne uroforsci enc e in Arkansas

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GO WHERE

BIG DREAMS ARE CUTTING EDGE.

A

t the University of Central Arkansas, we make smart management, marketing, accounting, entrepreneurship and cybersecurity our business. Through our one-of-a-kind innovation and entrepreneurship programs, we prepare students to navigate a global economy, overcome real-world business challenges and tackle complex cybersecurity issues in a rapidly-evolving business world. Learn more at gouca.com today.

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ENTREPRENEURSHIP COLLABORATION COOPERATION INTELLIGENCE HARD WORK CREATIVITY INGENUITY SUCCESS IDEAS

The characteristics you need to launch a new business are the same ones needed to succeed in agriculture. Congratulations to all competitors in the Arkansas Governor’s Cup.

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arfb.com


ENTREPRENEURS:

WE MEAN BUSINESS

H

2018 Governor’s Cup teams

arding salutes our 2018 teams who represented five of the top 12 finishers in the 2018 Arkansas Cup Collegiate Business Plan Competition. We wish continued success to our 2019 teams. We believe the seeds of ideas planted by these teams will lead to new businesses in the marketplace in the coming years. Harding’s award-winning Paul R. Carter College of Business Administration prepares students for the business world with a Christ-centered, ethics based education. Our Waldron Center for Entrepreneurship and Family Business partners with business owners to help them succeed. Utilizing the skills and ingenuity of our students enables enriching entrepreneurial experiences and benefits our communities. Come do business with us!

HARDING.EDU/BUSINESS

ARKANSAS CA

PITAL PHOT O

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Corey Thompson, Ph.D. Hailey Carter

Founder and CEO, WattGlass Alumnus, College of Engineering Entrepreneurship Certificate Program Brewer Family Entrepreneurship Hub University of Arkansas

The McMillon Innovation Studio activates multi-disciplinary student design teams focused on prototyping new models of delivery, services, products and policies.

The Brewer Family Entrepreneurship Hub off the Fayetteville square is a training, networking and co-working space for student, alumni and faculty entrepreneurs.

Class of 2019, University of Arkansas Biomedical Engineering, College of Engineering Discover Director, McMillon Innovation Studio Sam M. Walton College of Business

Iyali Ruiz

International Pricing Analyst ArcBest Alumna, Executive MBA Sam M. Walton College of Business

The Walton Executive MBA Program allows working professionals to complete an innovative MBA degree over two years, combining online instruction with one face-to-face Saturday a month.

Be epic. walton.uark.edu AMP | APRIL 2019


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Fly Smarter. Fly Charter. Sporting Events

Vacations

Business Travel

New to our Fleet the Citation Jet

Charter Flight Training Aircraft Sales & Management

® in the Continental US, Carribean, Mexico or Canada

Avionics Jet & Prop Maintenance Airline Component Repair Custom Paint & Interior Refurbishment

8

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Since 1939

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YEARS OF FLIGHT 1939-2019

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1501 Bond Avenue |

Little Rock

|

Arkansas

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WWW.DASSAULTFALCON.COM I LITTLE ROCK: +1 501 372 5254

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| 375.3245

|

central.aero


AMP half pg island 5.5 x 7.375 Ad 2-27-19.pdf 1 2/27/2019 10:17:15 AM

SERVICE W I T H N O CE I L I NG

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For more than 30 years, TAC Air has been committed to providing the very best in aviation services to Arkansans as the state’s premier FBO company. Every day across our network, including 3 FBOs in Arkansas, we work hard to take our commitment to even higher altitudes. Learn more at TACair.com

FORT SMITH PH: 479-646-1611

LITTLE ROCK PH: 501-374-6682

TEXARKANA PH: 870-773-6969


ARKANSAS AEROSPACE AND DEFENSE MANUFACTURING COMPANIES* COMPANY

CITY

PRODUCT

EMPLOYEE CODE**

Hot Springs

Designing and building plastic molds, product development and mathematical modeling

A

ADVANCED INTEGRATED TECHNOLOGIES, INC.

Mountain View

•M icro resistance welding electrodes and soldering tips • Micro machining and custom automation; robotics and test

B

AEROJET ROCKETDYNE

East Camden

• Solid rocket motors and rocket systems • Warheads

G

AEROTECH MACHINE CORPORATION

Batesville

Machined aerospace parts - AS 9100, mil specs CNC; laser, paint alodine, CMM inspection, welding, aluminum and stainless steel

B

AIRMOTIVE, INC.

Clinton

Aircraft engines and parts/FAA Certified Repair Station

A

AIRTECH SUPPLY, INC.

Hot Springs

• Manufactured airplane parts • Sheet metal work for aerospace

B

ALLIED AG CAT PRODUCTIONS, INC.

Walnut Ridge

Aircraft for agriculture industry

B

AMARK ENGINEERING & MANUFACTURING, INC.

Gravette

• Molds and short run production • EDM and CNC milling and turning, conventional surface, outside and inside diameter grinding and honing • Tools and dies • Welding; complete assembly

B

AMERICAN RHEINMETALL MUNITIONS, INC.

Camden

High velocity 40mm MK 281 projectiles/ training cartridges

A

AMERICAN STITCHCO, INC.

Mountain Home

• Hunting vests • Custom embroideries • Stitched specialized components and accessories for the automotive and aerospace industries • Game bags • Car and truck front masks, tonneau and tire covers, cargo liners, and luggage carries

F

AMFUEL (AMERICAN FUEL CELL & COATED FABRICS COMPANY)

Magnolia

• Insulating of rocket motors • Aircraft fuel tanks • Coated fabric containers for water and fuel

E

ARKANSAS TURBINE SERVICE, INC.

Pocahontas

Honeywell TPE 331 turbo prop

A

AVIONICS & SYSTEMS INTEGRATION GROUP (ASIG)

North Little Rock

Electrical harness and cable assemblies and electromechanical assemblies

B

B & M PAINTING COMPANY, INC.

Camden

•M etal stampings; military, industrial and automotive • Process and paining of aircraft components; fluorescent penetrant

B

BEI PRECISION SYSTEMS & SPACE COMPANY, INC.

Maumelle

Electrical optical encoders

D

BEMCO, INC.

Centerton

Air and fuel ducting for aircraft and commercial uses

B

BISHOP AVIATION, INC.

Hot Springs

•H ydraulic systems, cabin environment and other aircraft instruments • Aircraft engine instruments

B

BOYD INTERIORS

Mena

Build and refurbish aircraft interiors (seats, cabinets, sheet metal and components)

A

C & M MACHINE HOLDING, INC.

Rogers

Machined parts for the aerospace and other industries

B

CLASS A TOOLING

Cabot

• Plastic injection molding • Dies for the plastic industry

B

CMT, INC. (CRAFT MANUFACTURING & TOOLING)

Hot Springs

Aircraft and helicopter parts, sheet metal and machined parts

C

CONWAY MACHINE, INC. (JET MACHINE)

Conway

Replacement gripper bars for die cutters

B

COORTEK BENTON

Benton

Ceramic seal faces (alumina and silicon carbide)

E

Mena

• Aircraft paining; Cessna 140 to 727 • Aircraft refinishing and painting - full paint service and restoration on all makes and models of aircraft

B

ADVANCE DESIGN, INC.

CRIDER AIRCRAFT PAINTING, INC.

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COMPANY

CITY

PRODUCT

EMPLOYEE CODE**

CUSTOM AIRCRAFT CABINETS (CAC)

North Little Rock

Aircraft cabinetry

C

D & N MACHINING,INC.

Greenwood

Metal parts for the aerospace industry

C

DASSAULT FALCON JET CORPORATION

Little Rock

•M aintenance and repair (MRO), overhead Falcon aircraft only • Falcon jet aircraft models 50EX, 900B, 900EX, and 2000

H

DEFIANCE METAL PRODUCTS OF ARKANSAS, INC.

Heber Springs

•P owder coating manual spray of parts up to 90” x 60” x 42” for the automotive and defense industries • E-coat, electrode position epoxy coating with a package size of 48 x 52 x 96 for the automotive and defense industries • CNC laser cutting machine sheet size up to 5/8 inch with table sizes up to 60” x 120” capacity; precision fabricator of metal parts and assemblies, standard and robotic welding for the automotive and defense industries

E

DELTA GROUP ELECTRONICS, INC.

Fayetteville

Assembly of custom wiring harnesses, printed circuit boards and turn-key assembly services for the aerospace industry

B

DUCOMMUN ELECTRONIC SOLUTIONS GROUP

Huntsville, Berryville

•E lectronic assemblies; defense, aerospace and air/ground support equipment • Printed circuit assemblies • Electric cable harnesses

D

ESNA ARKANSAS

Pocahontas

•L ocknuts and specialty fasteners for the aerospace and military industries • Machined metal components

C

ESTERLINE DEFENSE TECHNOLOGIES (ARO)

East Camden

Various combustibles and infrared flares

E

EVERETT PLATING, INC.

Magnolia

Anodizing and conversion coating of aluminum for the aerospace industry

B

FREEDOM WORKS MANUFACTURING, INC.

Hot Springs

Machine shop

B

Sherwood

Primary interior components: locks, latches, retainers and hinges for the aviation and defense industries

B

GENERAL DYNAMICS ORDNANCE & TACTICAL SYSTEMS, INC.

Hampton

•E xplosives; plastic bonded (PBX), melt cast TNT based compositions for demolition and small/large diameter warheads • Load assembly and pack (LAP) weapon systems

E

GRANDEUR FASTENERS, INC.

Danville

Military and commercial cold headed fastener products

D

HIGHLAND MACHINE WORKS, INC.

Camden

General machine job shop

B

HITCO CARBON COMPOSITES, INC.

Arkadelphia

Carbon and graphite products for the automotive and aerospace industries

B

JONESBORO TOOL & DIE COMPANY, INC.

Jonesboro

Tools, dies, jigs, and fixtures

C

KEYTRONICEMS

Fayetteville

Custom electronic and mechanical assemblies

E

East Camden

• Multiple launch rocket systems • Ammunition rockets

G

MAYNARD, INC.

Fayetteville

• Aircraft parts, MIL 45208 • Miscellaneous structural metal work • Guided missile and space vehicle parts and auxiliary equipment • Machining, CNC small to large • Industrial patterns • Sheet metal assemblies • Fabricated plate work (boiler shops) • Complete tool and die shop

D

MENA AIRCRAFT ENGINES, INC.

Mena

•M anufacturing and remanufacturing of jet engine parts • Painting of aircraft components

A

MT. IDA MACHINING, INC.

Mt. Ida

CNC machine aerospace parts for Dassault Falcon Jet

A

GALLEY SUPPORT INNOVATIONS

LOCKHEED MARTIN MISSILE & FIRE CONTROL

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COMPANY

CITY

PRODUCT

EMPLOYEE CODE**

MUNDO-TECH, INC.

Rogers

•T ube fittings and assemblies • Aluminum, steel, and titanium tubing fabrication and precision tube bending • Custom sheet metal and welding • Aluminum tubing and sheet metal parts for the aerospace, defense and commercial industry • Machine job shop • Stamped machine parts and pressed metal

ORC PRODUCTS, INC.

Springdale

Machining for the aerospace and automotive industries (special operations including heat treat, black oxide, alodine and paint)

B

PINNACLE NORTH CORPORATE AIRCRAFT INTERIORS

Little Rock

Aircraft interiors (cabinets, finishing and upholstery)

A

POWER TECHNOLOGY, INC.

Alexander

• Laser diode modules and units • Power supplies for lasers and fiber optic splicers

B

PRATT & WHITNEY PSD, INC.

Springdale

Manufacturing and remanufacturing of jet engine parts

E

RAYTHEON MISSILE SYSTEMS - WEAPON INTEGRATION CENTER CAMDEN

East Camden

Missile guidance systems and equipment

C

ROSE AIRCRAFT SERVICES, INC.

Mena

• Aircraft interiors • Maintenance and repair services for aircraft; aircraft refinishing and painting

B

ROTORCRAFT, INC.

Black Rock

Manufacture and repair roto and tail rotor blades

A

SAFRAN ELECTRICAL & POWER USA, LLC

Little Rock

Aviation support center (electrical contractor/ wiring installation)

B

SEMAHTRONIX, LLC

Flippin

Electrical harness and cable assemblies and electromechanical assemblies

D

SEMAHTRONIX, LLC

Newport

Electrical harness and cable assemblies and electromechanical assemblies

B

SOLIMIDE FOAMS -DIVISION OFBOYD CORPORATION

Magnolia

• Polyimide insulation and cushioning • Polystyrene insulation and cushioning

B

SPECTRA TECHNOLOGIES LLC

East Camden

Load assembly and pack of weapon systems; ordnance supply: including 40 mm ammunition

E

STAINLESS STEEL FABRICATORS, INC.

Beedeville

Stainless steel dry chemical spreadors for agricultural aircraft

A

White Hall

•C NC lathes, long bed lathes, and plasma cutters • Aircraft arresting device system • Machine shop; jobbing and repair • Pumps and pumping equipment • Metal stamping • Metal fabrication • Construction machinery, equipment and aggregate mixers

B

TECHNICAL MACHINING SERVICES, INC.

Rogers

•T ools and dies, jigs and fixtures • Production stamping • Custom machining and wire EDM; contract or single tool jobs • Aluminum die cast mold

C

TRIUMPH FABRICATIONS - HOT SPRINGS

Hot Springs

Aircraft and helicopter parts, sheet metal fabrication and weldments of doors, control surfaces and fuselage components

F

TRIUMPH FABRICATIONS - HOT SPRINGS

Hot Springs

Aircraft and helicopter parts assembly

C

Springdale

Automatic pilots for experimental aircraft and light sport aircraft

B

STRONG MANUFACTURING COMPANY, INC.

TRUTRAK FLIGHT SYSTEMS, INC.

TWH ENTERPRISES, LLC

Batesville

WOLFSPEED FAYETTEVILLE, INC.

Fayetteville

• • • •

B

roduction machine shop P Plastic injection molding Sheet metal fabrication Anodizing of aluminum (MIL-A-8625F), alodine, chromate conversion, electro polishing of stainless steel: 300 series • Custom screw machine products

B

Develops electrical engines and motors that can withstand extremely hot and/or cold temperatures for the aerospace industry

C

* Source: Arkansas Department of Workforce Services, 2nd Quarter 2018 QCEW 202 Data; Reference USA; Dun & Bradstreet, Hoover’s Database; Company websites ** Employe Codes: A. 1-10, B. 11-49, C. 50-99, D. 100-199, E. 200-299, F. 300-499, G. 500-999, H. 1,000-2,499, I. 2,500+


Here’s to the Searcy Success Story! Congratulations

to Searcy for winning a starring role in “Small Business Revolution – Main Street,” along with a $500,000 investment for its local businesses. As a company that has helped local small businesses succeed for more than 100 years, Simmons Bank is proud of the Searcy community for receiving this well-deserved national recognition!

WE HELP SMALL TOWNS DO BIG THINGS. Arkansas’ greatest towns become even better with improvement projects. Throughout our 40-year history, we’re proud to have invested in various projects for the city of Searcy and White County including water & sewer, primary/secondary education, higher education and healthcare. Contact us today and see what Crews can do for you.

Do you have an idea you’d like to pursue or a problem you’d like to solve but don’t know where to start or who to start with?

Your idea in 48 hours! NORTHWEST ARKANSAS STARTUP WEEKEND: A “hackathon” competition for entrepreneurs. Northwest Arkansas Startup Weekend is the place to look for a team, create a prototype of your idea, validate your business idea and receive feedback from experienced entrepreneurs, all in one weekend.

StartupJunkie.org Member FINRA & SIPC

crewsfs.com

Media Sponsor: Arkansas Money & Politics

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$

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A club for golfers who prefer the 19th hole.

Now taking new members. | The1836Club.com

We have the numbers to back us up.

23,061 employees

39,904 patients

47,115

The Arkansas Health Care Association represents more than 90% of the state’s licensed long-term care facilities, which create more than $3.5 Billion of economic activity in Arkansas. Quality care for the fragile lives entrusted to us is the number one objective of every facility and caregiver. The result is quality of life for our patients and residents, and peace of mind for their families and friends.

jobs

1

common goal www.arhealthcare.com | 501.374.4422

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Almost 40 flights a day to 16 destinations.

Nashville


WE WORK HARD SO YOU CAN TOO.

The Arkansas Department of Workforce Services is dedicated to providing education and assistance to our state’s job seekers. We also help connect employers with the people they need to get the job done. To learn more about how we’re preparing employees for rewarding careers and making it easier for businesses to hire them, visit DWS.Arkansas.gov.

adws Arkansas Department of Workforce Services

Equal Opportunity Employers/Programs.

855-225-4440 DWS.Arkansas.gov ARJobLink.com Call or Visit a One-Stop Career Center Today! Services are Free.

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