Region 8 Looks Into Future Industrial Growth, Conway Gets HP - KAIT Jonesboro, AR - Region 8 News, weather, sports

Rebecca Smith Reports

Region 8 Looks Into Future Industrial Growth, Conway Gets HP

JONESBORO, AR (KAIT)- Thursday's announcement that Hewlett Packard will set up a location in Conway came to the relief of many. The creation of thousands of jobs right in the heart of Central Arkansas.

This coming at a time when statewide, unemployment is up to 5.1 percent in May.

"Northeast Arkansas' economy is diverse and continues to grow and continues to do well," said Alan McVey, Director of the Delta Center for Economic Development.

Region 8 news asked Arkansas Governor Mike Beebe what the likelihood is that a company like Hewlett-Packard would settle in Northeast Arkansas.

"I'd like to be able to tell you some good news about economic opportunities for Northeast Arkansas. But, it's a sensitive process and a lot goes into it," said Beebe.

Beebe was on hand Friday, touring some of the region's expanding companies. He says when it comes to job creation, that's where the real focus should be ... companies already here.

"At the same time that we try to bring in new businesses we want to try to grow and expand existing businesses as well," he said.

Echoing that view, McVey says companies in Region 8 are growing.

"We've seen expansions that are taking place currently in the food processing industry and with Nestle's continued growth," said McVey. "We've seen continued growth within the steel-related industry."

There's one standout characteristic of Region 8's industries that McVey says is a saving grace in these volatile economic times.

"You see a lot of agricultural-related companies to steel-related companies. That diversity gives us the opportunity to weather some of the ups and downs of the economy rather than having large economic hits to one particular sector."


Questions or Comments? E-mail me at rsmith@kait8.com

  • Region 8 News</span><a class="customMoreLink" href="/Global/category.asp?C=4391" target="_top">More >></a>Region 8 NewsMore>>

  • Man killed in Missouri crash

    Man killed in Missouri crash

    Sunday, June 24 2018 10:19 AM EDT2018-06-24 14:19:27 GMT
    Sunday, June 24 2018 10:32 AM EDT2018-06-24 14:32:32 GMT
    Missouri State Highway Patrol (Source: Missouri State Highway Patrol Facebook page)Missouri State Highway Patrol (Source: Missouri State Highway Patrol Facebook page)
    Missouri State Highway Patrol (Source: Missouri State Highway Patrol Facebook page)Missouri State Highway Patrol (Source: Missouri State Highway Patrol Facebook page)

    A Southeast Missouri man was killed in a single-vehicle crash in Stoddard County, according to an online crash report from the Missouri State Highway Patrol. 

    A Southeast Missouri man was killed in a single-vehicle crash in Stoddard County, according to an online crash report from the Missouri State Highway Patrol. 

  • NEA Humane Society holds cat adoption event

    NEA Humane Society holds cat adoption event

    Saturday, June 23 2018 6:25 PM EDT2018-06-23 22:25:19 GMT
    Saturday, June 23 2018 6:48 PM EDT2018-06-23 22:48:36 GMT
    (Source: KAIT)(Source: KAIT)
    (Source: KAIT)(Source: KAIT)

    The Northeast Arkansas Humane Society is hosting a Feline Freedom Adoption Frenzy in honor of July 4th.

    The Northeast Arkansas Humane Society is hosting a Feline Freedom Adoption Frenzy in honor of July 4th.

  • Mayor: Corning Walmart set to close in July

    Mayor: Corning Walmart set to close in July

    Wednesday, June 20 2018 11:26 AM EDT2018-06-20 15:26:48 GMT
    Saturday, June 23 2018 3:05 PM EDT2018-06-23 19:05:53 GMT
    (Source: KAIT)(Source: KAIT)

    A Walmart in Region 8 is closing within the month, according to the Corning mayor.

    A Walmart in Region 8 is closing within the month, according to the Corning mayor.

Powered by Frankly