Year of review: Northwest Arkansas’s Top 10 Business Stories 2020

We have prepared a list of what we consider to be the ten most significant accounts of the last 12 months before we say goodbye to 2020 and start in 2021. It is always an enormous challenge, and your stories are the best. We are sure you can agree, however, that much has been discussed in 2020.

1. 19 VAC-19

The ongoing pandemic of COVID-19, death, joblessness, and trade losses, was a famous story from 2020. COVID-19 was labeled a pandemic in the second week of March by the World Health Organisation. On Pine Bluff on 11 March, the first instance of Arkansas occurred. Fayetteville confirmed one week later the first case in Northwest Arkansas. Since then, there have been many challenges to the global pandemic—from healthcare professionals, universities, restaurants, banks, and small and big businesses. Northwest Arkansas health care professionals have initiated a Healthy and Strong campaign in partnership with the Northwest Arkansas Board, other city representatives, and regional leaders to help mitigate the lethal virus’s effects.

2. The Major Science THE

The Walton Family Charitable Support Foundation in Arkansas University revealed in July that they won a $194.7 million grant. The donation is one of the most critical private contributions to promoting research and economic development in a university.

This funding would also boost the University’s research efforts by building a new research facility on Campus Fayetteville. It is named the University of Arkansas Institute of Integrative and Artistic Science (I3R). Chancellor Joe Steinmetz has described this building as a fully integrated and interdisciplinary institute for science.

3. Business Strength Power

Residential property is a significant factor in the regional economy. The housing market test in North West Arkansas was one of the most substantial economic downturns in decades – a global century-old pandemic. It led to low stock and low-interest rates. Households sold in the Benton and Washington counties grew by almost 6 percent in 2019 by June 2020 compared to 2019. The number rose to 10 percent as the COVID-19 pandemic struck in September.

Read More About: [pii_email_e7ab94772079efbbcb25]

Leave a Reply

Back to top button