1. Quarterly Report (January – June 2016 Activities)
Economic Development
Quarterly Report (January – June 2016 Activities)
July 12, 2016

2. Business Attraction July 12, 2016 150,000 SF available Project Flight
Manufacturer from Dallas
Multi-Family Housing
Charter School
Anaerobic Digester
Data Center
160 affordable houses
Walmart US Summit
July 12, 2016

3. Business Attraction July 12, 2016 Point of Contact:
Innovation Center for Food Product Development
Interviews for national and international magazines
Speaker
Businesses moving in – Ft Smith, Idaho, Colorado
Hosted business guests – Hot Springs, Manhattan (KS), Fab Lab Conference attendees
WAC Parking Lot
July 12, 2016

4. Business Attraction July 12, 2016 Business Expansion
The Uptown under construction
JJ’s Beer Garden & Brewing Company
Purchase of EJ Ball Building
Marshalltown
Butterfield Trail Village
Whataburger’s second location on Joyce Blvd
Raising Cane on MLK Blvd under construction
Walmart Neighborhood Market on MLK Blvd.
Metova
Pieology
July 12, 2016

5. New Businesses July 12, 2016 Type (Jan – June ‘16) # of Businesses
Total FTEs
Home Grown
133
223.50
Out of Town Owners 52
592.00
Total
185
815.50
# of Businesses
Total FTEs
Jan – June 2016
185
815.50
Less
Inactive businesses
( 56)
(127.50)
Net Total
129
688.00
July 12, 2016

6. Business Retention & Expansion
July 12, 2016

7. Business Retention & Expansion
Acquisitions & Mergers
NWA Mall
IO Metro to Erdos at Home
Clarion Inn
North Forty
EJ Ball Building
Physician Specialty Hospital
JJS & Young Design merged
Pratt Place Inn
Expansion:
First Security Bank in former Iberia Bank on Mission
Bio Tech Pharmacal expansion
Brookside Assisted Living expansion
Washington Regional Medical Center
July 12, 2016

8. Business Retention & Expansion
Technical Assistance
Completed 34 one-on-one business site visits
Training
Intro & Intermediate Quickbooks
5 Small Business Strategies for Social Media
Women in Workforce Conference
Website in A Day
Choosing the Proper Legal Entity
Cyber Summit
Marketing for the Construction Industry
ISO 9001
Programs/Events:
Celebration of Arts in Fayetteville
Rural Friendship Day
NWALeaderCon
July 12, 2016

9. Entrepreneurship July 12, 2016
Prospective entrepreneurs interested in:
Antique store, food trucks, athlete club, karaoke bar, distillery/brewery, online retail, escape room, liquor store, repair business, baking school/retail, retail boutique, meat store, flower business, physical therapy office
Responded to inquiries or requests for information
FabLab – MakerGirl
Teen Entrepreneur Boot Camp
July 12, 2016

10. Infrastructure July 12, 2016 AEDC Commissioners visit
AEDC’s Modern Workplace & Lean 101
Meet & Greet of the new U of A Chancellor
AT & T Fiber Ready Sites
Regional Robotics Training Center, R2TC
OzarkGo
City’s various public input events
Redeveloping College Ave
Annual Job Expo
Workforce Development & Internships
Arkansas Workforce, NWA Econ Dev District,
Jefferson Adult Education Center, NTI, NWACC
35 partner organizations, 30 Fayetteville non-profits, 344 local businesses, 79 out of town contacts
July 12, 2016

11. Good News, Challenges, Things to Do
Strengths:
Local businesses expanding
New out of town businesses
Weaknesses:
Inadequate supply of large buildings
Topography and soil conditions
July 12, 2016

12. Good News, Challenges, Things to Do
Opportunities:
Infrastructure improvements
Regionalism
Competitiveness
Threats:
Merger & Acquisitions
Low unemployment
Workforce housing
July 12, 2016

13. Thank You! July 12, 2016 Chung Tan, CEcD
Fayetteville Chamber of Commerce
123 W Mountain
Fayetteville, AR 72701
July 12, 2016