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Top 20 Projects of 2023-2024

From the state’s most populated metropolitans, to smaller communities, new and expanding companies are finding a place for themselves in diverse communities across Arkansas.

Collectively, the four Arkansas companies featured in the 2024 Fortune 500 saw more than $733 billion in revenue in 2023 and employed more than 2.2 million people — that’s more than 7.3% of the entire Fortune 500’s employment base.

Four international companies have created about 1,600 new jobs in Arkansas in the past year, and combined they invested $425 million in the state.

When it comes to economic development, there’s a lot of momentum in Arkansas. From entrepreneurs to established companies expanding and locating new facilities, Arkansas is winning more than its fair share of economic development projects with more in the project pipeline.

Arkansas Commerce Secretary Hugh McDonald calls the gigantic lithium deposit discovery in the Smackover Formation a game-changer for the Arkansas economy, but that’s not the only change coming to the state, he says.

Pilots from five nations friendly to the United States are beginning to arrive at Ebbing Air National Guard Base in Fort Smith, Arkansas.

Could Smackover become a name as affiliated with the Arkansas lithium boom as it was with the Arkansas oil boom when prospectors struck oil in 1921 in El Dorado?

The simple pleasures that come with building a life outside of a bustling urban landscape are not lost on Arkansas residents. Of the over 3 million residents who call the Natural State home, a majority choose to reside outside of Arkansas’ largest metros.

Corporate executives and site consultants have a new reason to consider Arkansas as a business destination: Arkansas has emerged as one of the most popular relocation spots for workers and their families.

It should come as no surprise that the third least expensive state in which to start a new business is getting a jump on the competition when it comes to entrepreneurship.

Arkansas has a long history of producing notable business leaders. Names like Sam Walton, William T. Dillard, J.B. Hunt, Don Tyson and Jack Stephens come to mind. They built companies into household names during their time in Arkansas.

If you want to know why so many companies thrive in Arkansas, it pays to listen to the people who run these firms.

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