Acxiom Corp. began a round of layoffs this week that corporate leaders suggested would be forthcoming when they last reported earnings. Roughly 50 workers, some in middle management positions, are part of this round of layoffs, although less than half are in Arkansas.
A smaller contingency of upper management personnel were let go last year after Acxiom announced a “restructuring program,” and more job cuts may be forthcoming before the end of March when the company’s fiscal year ends. A spokesperson for Acxiom said the Little Rock-based data marketer would not comment on moves related to what was outlined in the November earnings announcement.
Arkansas tax revenues jump in December on one-time boost
December tax revenues in Arkansas saw a small spike from a one-time gain, which led to a 3.5 percent increase in overall collections at the halfway mark in the state’s fiscal year.
Year-to-date net available general revenues climbed to $2.52 billion, up $85.2 million or 3.5 percent above year ago levels. That figure is 1.3 percent above forecast. In December, overall net revenues totaled $472.1 million, a 3.4 percent rise from a year ago and 0.6 percent above forecast.
AG McDaniel approves wording on minimum wage initiative
Attorney General Dustin McDaniel approved the ballot title for an effort to raise the minimum wage in Arkansas from $6.25 per hour to $8.50 per hour by 2017. Give Arkansas a Raise Now, which submitted the ballot proposal, now has until July 7 to gather more than 62,000 valid voter signatures in order to qualify for the Nov. 4 general election ballot.
Morrilton, Conway County to seek quarter-cent tax for jobs
The Morrilton Area Chamber of Commerce and Conway County Economic Development Corporation are seeking a five-year, one-quarter-cent sales tax to be used for job recruitment to Conway County. The Conway County Quorum Court approved a special election for March 11.
The tax, if passed, will be used to recruit new jobs to Conway County and assist existing businesses and industries in Conway County with work force training and expansion needs, including infrastructure such as water, sewer, gas, electric and rail projects. It is estimated to generate roughly $4.25 million over the five-year period proposed and the tax would sunset unless re-authorized by voters.
Mitchell Williams Law Firm opens Jonesboro office
Little Rock-based law firm Mitchell, Williams, Selig, Gates & Woodyard PLLC has opened a new office in downtown Jonesboro. Lance Miller, located in Little Rock where he manages the firm’s Litigation Practice Group, will oversee operations of the new office and will serve as the liaison between the Jonesboro and Little Rock locations. Miller is a Jonesboro native. He graduated from Arkansas State University in 1982 and UALR School of Law in 1985. His practice focuses primarily on business litigation and bankruptcy. Brad Shumpert, also a graduate of ASU the UALR law school, will staff the Jonesboro office initially.
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Roby Brock, a freelance journalist based in Little Rock, writes weekly for the Arkansas News Bureau. His weekly television program airs at 10 p.m. Sundays in Central and Northwest Arkansas. His email address is email@example.com; his website address is www.talkbusiness.net