2015 Donald W. Reynolds Governor’s Cup Winners Announced

Top teams to compete in Tri-State Competition in Las Vegas, NV.

Winners of the 2015 Donald W. Reynolds Governor’s Cup Collegiate Business Plan Competition that is managed by The Arkansas Economic Acceleration Foundation, an affiliate of The Arkansas Capital Corporation Group, were announced today at a luncheon hosted at the Statehouse Convention Center in Little Rock, AR.

Mike Preston, executive director of the Arkansas Economic Development Commission, served as the master of ceremonies for the event, which hosted approximately 760 business leaders, students, educators and supporters from across the state for the 15th annual Donald W. Reynolds Governor’s Cup.

This year, 47 teams submitted business plans from 12 colleges and universities from across Arkansas for a chance to win a share of the $152,000 prize pool. First and second place winners of the undergraduate and graduate teams will compete against the top two teams from Nevada and Oklahoma for the Donald W. Reynolds Tri-State Award in May, where they will be competing to win a share of the $118,000 prize pool.

The 2015 Donald W. Reynolds Governor’s Cup winners are: Continue reading

Social Entrepreneurship’s Impact on Education Abroad

By: Brad Cameron

In his book Social Entrepreneurship: What Everyone Needs to Know, David Bornstein argues that social entrepreneurship originally focused on identifying individuals talented in addressing social problems. Social entrepreneurship evolved to building and expanding entrepreneurs’ capacities to address widespread social issues through formalized organizations that borrow from best practices in business and organizational management.

Today, the Internet and other forms of electronic communication connect and empower people  to come together to take on local and global issues. The latest iteration of social entrepreneurship combines the strength of social enterprises with the passion of activists, enabling professionals from a variety of fields to use technology to develop solutions for problems ranging from political underrepresentation to disparities in health care. Continue reading

2015 Donald W. Reynolds Governor’s Cup Awards Luncheon Scheduled April 22

Donald W. Reynolds Governor's CupWho: The Arkansas Capital Corporation and The Arkansas Economic Acceleration Foundation, which manages the Donald W. Reynolds Governor’s Cup, invite the media to attend the event for photo and interview opportunities. Lunch will be provided.

What: 2015 Donald W. Reynolds Governor’s Cup Awards Luncheon

When: April 22, 2015 at 11:30 a.m. – 1:00 p.m.

Where: Wally Allen Ballroom, Statehouse Convention Center, Little Rock, Ark.

Why: The Donald W. Reynolds Governor’s Cup is a statewide collegiate business plan competition. This year, 47 teams submitted business plans from 12 colleges and universities from across Arkansas in hopes of winning a portion of the $152,000 prize pool. Winners announced at the luncheon go on to compete in the Tri-State competition in Las Vegas, Nevada, in May with cash prizes of $118,000.

How: To ensure a seat at the luncheon or to arrange for space to set up a camera, please RSVP as soon as possible to verkman@arcapital.com or call 501.374.9247. Luncheon seating is limited. Continue reading

Historic Rehabilitation Project Set for Downtown Little Rock’s Main Street

Raimondo Family WineryMore positive news on the redevelopment of downtown Little Rock. Moses Tucker announces today the purchase and plans to rehabilitate the former Fulk-Arkansas Democrat Building, located at 615 Main Street in downtown Little Rock. The project will consist of eight (8) loft-style unit apartments with a retail component on the ground floor that will be anchored by Raimondo Winery. The project is anticipated to start in mid May and will cost approximately $2 million.

The Fulk-Arkansas Democrat Building is not currently listed on the National Register of Historic Places, but is one of the more architecturally significant buildings on Main Street. The 2-story, 13,146 square foot building was constructed in 1916 and was designed by well-known architect, Charles Louis Thompson.

Charles L. Thompson was one of the more prolific architects in Arkansas, having been involved in designing more than two thousand buildings throughout his career. Some of his best known works in the state of Arkansas include the Washington County courthouse in Fayetteville, Little Rock City Hall, the El Dorado High School, and the Peter Hotze house in Little Rock among others. The Fulk-Arkansas Democrat Building originally housed The Arkansas Democrat newspaper, known today as the Arkansas Democrat Gazette, between 1917 and 1930.

This approximately 14,000 SF mixed-use project is situated on the east side of Main Street between 6th & 7th and is expected to be completed by mid 2016 to allow for tenants to open simultaneously. Raimondo Winery will be situated on the ground floor level of the development and will be open 7-days a week, serving only lunch. The winery will feature a wine tasting room and will offer select culinary events . Customers will also have the ability to purchase other products such as her homemade extra olive virgin oils and premium balsamic vinegars.

Owner and operator, Margie Raimondo said, “We are excited to bring our quality wines to Central Arkansas, as well as something new and different to the downtown Little Rock market. The urban development of the Main Street corridor and landscape will give our winery a European feel.”Raimondo Winery

Raimondo Winery is a family-owned winery owned and operated by Margie Raimondo of Little Rock. She and her family have been making wines in Italy and California for over 20 years. After more than two decades in a marketing and operations career in Silicon Valley high-tech, she moved from California to the Arkansas Ozarks to start a winery in Mountain Home, AR. Her wines are handcrafted using artisan techniques in small lots from premium California grapes. Margie specializes in Italian and Iberian wines and offers extra virgin olive oils and premium balsamic vinegars as well.

Moses Tucker Real Estate is the Project Developer and Cromwell Architect will serve as the project architect. Central Construction Group is serving as its general contractor, and financing will be provided by Arvest Bank.

Since it’s founding in 1984, Moses Tucker Real Estate has been the leader in development of commercial properties in Little Rock. Whether seen on the arm of a downtown crane, or perched in the window of a sleek, new office or retail space, the Moses Tucker logo is a fixture in today’s Little Rock landscape. The company’s three-decade history is perhaps best characterized by its pioneering efforts in revitalizing the urban core of downtown Little Rock. Moses Tucker is a dynamic real estate company dedicated to building a great city

Pediatric Workplaces Groundbreaking Ceremony

GroundBreaking

Join us at the groundbreaking ceremony for Pediatric Workplaces on April 22nd at 12:30pm at 900 South 52nd Street in Rogers, AR.

Click here for more information about Pediatric Workplaces and the groundbreaking ceremony.

Business Planning Basics

Business ModelA business plan is a document that describes your business and the future of your business. The business plan tells what you plan to do and how you plan to do it. Completing the business planning process can be the difference between success and failure, between obtaining financing and being denied, between growing your business and floundering, or between knowing your competition and owning your competition. Think of the business plan as a road map for your business.

In writing your business plan, you need to make sure that the plan is clear, focused and realistic. Below is a list of major sections that make up a sound business plan:

Executive Summary

The executive summary is the most important piece of your business plan when you share it with lenders, investors, or employees. The executive summary is often the only piece of the business plan that is even read by these groups and, therefore, may be your only chance to form someone’s opinion of your business idea. You will need to keep your executive summary brief (no more than two or three pages) in order to keep the reader’s attention. Continue reading

Businesses Can Save Money Through Energy Efficiency

By: Ashley Scott, CEM Program Specialist at CLEAResult

BusinessEnergyHave you ever wished for a pile of money to just appear on your doorstep? I think we all have. While we can’t make money magically appear, your public utility company can help you put more money in your pocket on a monthly basis by helping you reduce your energy bills. Continue reading