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.
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.