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Thank you for stopping by the website. We are currently under construction, so please excuse the mess. In this future, this site will be a place to find local & national news stories that may directly impact your small business! This portion of the website is expected to be completed September 1st.

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10.19

» Whirlpool: Recall of 150 workers possible

A few laid off Whirlpool workers and, indirectly, the area economy may have a financially brighter holiday season. Whirlpool Corp. confirmed Friday the possible recall of up to 150 workers to support increased refrigerator production planned at its Fort Smith plant for at least the remainder of 2009. Sources have told The City Wire that up to 200 could be recalled, and that seven previously scheduled plant shutdown days around the Thanksgiving and Christmas holidays are now scheduled for production. Also, the sources said production is planned for seven Saturdays between Oct. 31 and Dec. 19. The only catch to the Whirlpool production increase is the ability of vendors to supply parts for the extra work. Suppliers to Whirlpool are not always able to bring back employees and ramp up production as fast as Whirlpool can generate the demand for parts.

Click to read more via The City Wire

Link posted at 9:32 AM (2 years ago) | Permalink

Tags: Arkansas, Business, Business News, Economy, Fort Smith, Ft. Smith, Jobs, Local, News, Small Business, Unemployment, Whirlpool, Manufacturing, Factory,


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09.21

» SBA to Ease Limits on Loans for Buyouts

The Small Business Administration, after enduring a backlash from lenders and business appraisers, plans Oct. 1 to modify a restriction it had placed on loans used to finance acquisitions of small companies.

In March, the SBA, capped the guarantee it was willing to extend on “goodwill” financing, which is the amount of a loan used to purchase an existing business’s intangible assets, such as an established name, brand or customer base. The market price of a small business is based partly on its tangible assets, such as property, equipment and inventory, but often primarily on its goodwill. For some firms for sale, such as professional practices, Internet companies and service firms, the value of intangible assets can range between 55% and 95%.

Link posted at 1:14 PM (2 years ago) | Permalink

Tags: SBA, Small Business Administration, Small Business, Business, Business News, News, Lending, Financing, Business Loans, Loans, Good Will,


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08.21

Tyson to pay 2 Million in Pollution settlement

Tyson will may more than two million dollars as a part of a settlement over pollution. Prosecutors say that the Tyson plant near dakota city, nebraska polluted the missouri river. Tyson says the company cooperated with state and federal regulators and made operational and equipment changes when it became aware of the wastewater issues.

Read the statement or watch the video: KNWA/Fox24

The good news: we can all move on from hearing this story!

Posted at 10:05 AM (2 years ago) | Permalink

Tags: Tyson, Tyson Foods, KNWA, Fox24, News, Business News, Pollution, Chicken, Arkansas,


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