November 2017

New Company Plans Generic Drug Making in Fayetteville

A business unlike anything else in Arkansas will begin building its new facility in Fayetteville early next year.

OurPharma is a startup that’ll begin manufacturing generic medications on a 14.9-acre site in the Fayetteville Commercial Park, employing 10 to 12 workers once the manufacturing begins. The company’s long-term vision is for the company to make low-cost alternatives to pricy prescription drugs and to employ more than 100 people within seven years. The company plans to invest approximately $31.1 million in the Fayetteville facility.

Northwest Arkansas Ranks High in Income Analysis

An analysis by researchers at the Federal Reserve Bank of St. Louis shows few metropolitan areas can match Northwest Arkansas’ remarkable combination of high income and low cost of living.

The researchers, who shared their calculation at an economics conference this fall, used 2015 Bureau of Economic Analysis data and found that the Fayetteville-Springdale-Rogers Metropolitan Statistical Area ranked No. 11 nationally in per capita personal income if the region’s low cost of living is taken into account.

Division Dedicates Don Tyson Center for Agricultural Sciences

The University of Arkansas System Division of Agriculture dedicated its new Don Tyson Center for Agricultural Sciences today in Fayetteville, making it the second time in three days that Tyson Foods and the Tyson family helped Northwest Arkansas make a major advancement.

The opening of the new 54,000-square-foot building, which was funded in part by a $5 million gift from Tyson Foods and the Tyson family, came just two days after Tyson Foods celebrated the opening of a new Springdale facility that will become the company’s technology hub in the city’s downtown area.

 

Tyson Foods Celebrates Opening of Downtown Springdale Site

Tyson Foods celebrated the opening of its new downtown Springdale office building, bringing approximately 300 workers to the the heart of the city.

The 56,000-square-foot building at 319 E. Emma Avenue sits on more than seven acres and was built on the site of the company’s original headquarters and adjacent building formerly known as the Brown Hatchery building.

Summit’s Keynote Speaker Focuses on Importance of Work Ethic, Soft Skills

The Center for Work Ethic Development’s chief executive officer will be the keynote speaker at this year’s Northwest Arkansas Workforce Summit.

The Nov. 15 event, which is in its third year in Springdale, brings together hundreds of business and policy leaders with educators from every school district in the region. It will be held at the Northwest Arkansas Convention Center.