Arkansas: Headquarters Of Home-Grown Giants
Every Fortune 500 company headquartered in Arkansas began as a small, family-owned business. BF Staff
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Arkansas: Headquarters Of Home-Grown Giants
Every Fortune 500 company headquartered in Arkansas began as a small, family-owned business.
April 8, 2021
By the BF Staff From the January/February 2021 Issue
Why Arkansas? Leaders from companies such as Walmart, Stephens and Dillard’s can answer that question.
It has been almost a year since the country was hit with the pandemic. Thanks to thoughtful, pragmatic leadership, Arkansas’ economy has fared well and continues to grow. Most businesses in the state have remained opened throughout the pandemic and most that did temporarily close are coming back to life. The bottom line: just like in the recession of 2008, there are many reasons for the state’s ability to come back.
Almost 11,500 companies across the state received CARES Act funds through the Arkansas Ready for Business Grant Program. The deadline is rapidly approaching for grant recipients to expend funds.Arkansas companies must use the grant funds received by Dec. 30. According to the program’s terms and conditions, companies are required to return any unused funds to the Arkansas Economic Development Commission.The list of eligible expenditures has grown since the Arkansas Ready for Business Grant Program was announced in May. Click here to view examples of qualified expenditures. These include purchases for sanitation, reconfiguration, marketing and other purposes.
Businesses are required to verify funds were used for eligible expenditures. The deadline to report expenditures to the Arkansas Economic Development Commission is Jan. 31, 2021.