What Does the Economic Future Look Like for Jonesboro - KAIT Jonesboro, AR - Region 8 News, weather, sports

Jonesboro, AR -- Brandi Hodges Reports

What Does the Economic Future Look Like for Jonesboro

JONESBORO, AR (KAIT) -- Many cities across the country are seeing dismal economic futures. 

"We're not immune we're suffering job losses just like everybody else," said Arkansas Governor Mike Beebe.

With the economy on the decline across the country, Arkansans are among those looking for work.

"All the new announcements you want to make doesn't help the guy or the girl who's just lost their job," said Beebe.

And for the state, things aren't looking too bad.

"The good news is we're not suffering as many as those other places are the even better news is and we're actually creating net new one's at a greater rate than we're losing them," said Beebe.

"We've been very fortunate here in Jonesboro that we've had several announcements really in the last nine months," said Jonesboro Regional Chamber of Commerce President and CEO Mark Young.

Mark Young said some of those include Startek, Nordex and Nice Pak.

"Nice Pak has already hired several individuals and has sent them to be trained and are in the process of retrofitting the former Haworth building," said Young.

The future outlook for Region 8 is still up in the air.  But all indicators suggest area businesses will weather this current economic storm well.

"Everyone's taking the wait and see attitude with the national economy but we've been very fortunate that the vast majority of our companies have continued to do quite well," said Young.

He said a lot of it has to do with the type of companies we have and the infrastructure we have in place.

"We have a lot of food companies we have a lot of consumer product companies that are located here and even in tough economic times, those type of companies have continued to do well," said Young.

And to keep it up we have to know our strengths to compete in an even more competitive world.

"We've always got to look at how we as a community can continue to get better and how we can continue to increase the opportunities that we have," said Young.

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