The Arkansas Capital Corporation Group (ACCG) is a privately held group of for-profit and non-profit corporations dedicated to improving the lives of Arkansans.
The Arkansas Capital Corporation Group and its affiliate companies empower entrepreneurs by providing capital to businesses through its capital availability programs and advocating for entrepreneurs through capital, educational and technological improvements. ACCG serves as the platform from which new opportunities are launched and today includes eight affiliates including Arkansas Capital Corporation (ACC), Six Bridges Capital Corporation (6BCC), Arkansas Capital Relending Corporation (ACRC), Arkansas Economic Acceleration Foundation (AEAF), Diamond State Ventures (DSV), Heartland Renaissance Fund (HRF), Connect Arkansas, and Pine State Capital (PSC).
The Arkansas Capital Corporation Group, then named First Arkansas Development Finance Corporation (FADFC), was formed in 1957 by influential individuals and most of the state’s utilities. The company was formed to provide a mechanism for financing the state’s transformation from an agricultural economy to an industrial economy.
Since its founding, the company has diversified and grown, to include commercial financing needed for the information age. Along the way, ACCG has made hundreds of loans, representing projects of well over $500 million.
The article below by one of Arkansas Capital Corporation’s founders, Herbert L. Thomas, Sr., was first published in the Winter 1960 edition of The Arkansas Economist, a publication of the University of Arkansas’ College of Business Administration.