Center for Business & Economic Research
Located in the Sam M. Walton College of Business, the Center provides applied economic and business research to federal, state, and local government, as well as to businesses currently operating or those that desire to operate in the state of Arkansas. The Center further works to improve the economic opportunities of all Arkansans by conducting policy research in the public interest.
2021 Arkansas Business Forecast
January 29, 2021
Each year, the Center for Business & Economic Research hosts the Arkansas Business Forecast event, bringing together national and international experts to discuss the economic outlook for Arkansas, the nation and the world. The event typically draws more than 1,200 business and community leaders.
The event was held from 11:30 a.m. to 1:30 p.m. Due to the current risk from the pandemic, the event was held virtually via Zoom. For questions please call 479-575-4151 or email firstname.lastname@example.org.
Registration is Closed
Panelists for the luncheon this year are:
Global Forecaster: Catherine Mann, global chief economist at Citibank.
Domestic Forecaster: Mark Palim, vice president and deputy chief economist at Fannie Mae.
State and Regional Forecaster: Mervin Jebaraj, director of the Center for Business and Economic Research.
Detailed biographies of the speakers are HERE.
Thank you Arkansas Business Forecast 2021 Sponsors!
We are extremely grateful to our Business Forecast Sponsors.
Please call the Center for Business and Economic Research for additional sponsorship opportunities at 479-575-4151.
State of Northwest Arkansas Region, Business Analysis Set for Oct. 8
U of A economist joined by Northwest Arkansas Council COO Mike Harvey to discuss economic trends and regional recruitment efforts.
The Center for Business and Economic Research in the Sam M. Walton College of Business at the University of Arkansas, in collaboration with the Northwest Arkansas Council, will release the ninth yearly State of the Northwest Arkansas Region Report on Oct. 8. The slides for the presentation are available here.
The State of the Northwest Arkansas Region Report, first published in 2011, was shared during a Zoom webinar which is now available to view here.
Mervin Jebaraj, the center's director, will outline the economic highlights in the State of the Northwest Arkansas Region Report and will report economic data and insights about the impact of COVID-19.
The State of the Northwest Arkansas Region Report is viewed as one of the best measures of the area's economy, comparing that to peer regions such as Madison, Wis.; Raleigh, N.C.; Provo-Orem, Utah; Des Moines, Iowa; and Austin, Texas.
Northwest Arkansas Council Chief Operating Officer, Mike Harvey, will give an overview of the Council's efforts to attract talent to the region by highlighting quality of life and job opportunities. The Finding NWA program uses social media platforms like LinkedIn to help recruiters identify top talent from places such as San Francisco, Seattle, Dallas and Kansas City for careers at Walmart, Tyson Foods and other companies. Human resources managers at these companies have praised the Finding NWA efforts since its program expanded in June, the council reports.
Karen Roberts, Northwest Arkansas Council 2020-2021 presiding co-chair, will moderate the event. Roberts is executive vice president and general counsel for Walmart. In this role, she oversees the legal department, which is responsible for handling all legal matters affecting the company in its domestic and international markets.Registration is closed
Download the State of the Region Report here.
The Center for Business and Economic Research in the Sam M. Walton College of Business at the University of Arkansas, in collaboration with the Northwest Arkansas Council, released the eighth yearly State of the Northwest Arkansas Region Report on Nov. 5. The State of the Northwest Arkansas Region Report, first published in 2011, was shared at a luncheon, beginning at 11:30 a.m. at the Northwest Arkansas Board of Realtors Event Center at 314 N. Goad Springs Road in Lowell. Highlights from Mervin Jebaraj, Center for Business and Economic Research, director, were presented.Registration is closed. Event filled to capacity
Speakers included Greg Pogue, of the IC2 Institute at the University of Texas which is a "think-and-do tank" that explores factors promoting economic development and creating programs to promote good business practices around the world, and economist Mervin Jebaraj, director of the university's Center for Business and Economic Research.
Greg Pogue and his team at the IC2 Institute at the University of Texas spent more than a year studying entrepreneurship in Northwest Arkansas. Pogue shared his final report, called "Innovate Again, Innovate Here,". His Northwest Arkansas research and assessment was funded by the Walton Family Foundation.
Economist Mervin Jebaraj, director of the university's Center for Business and Economic Research outlined the economic highlights in the State of the Northwest Arkansas Region Report as well as economic data and statistics from the Center for Business and Economic Research's Quarterly Business Analysis.
The cost for the program and luncheon was $45. Preregistration is required, and the deadline is Friday, Nov. 1. Reservations can be made at the link below or by calling 479-575-4151. Attendees can arrive at 10:45 a.m. for networking.
Gregory P. Pogue
Deputy Executive Director
Senior Research Scientist
The University of Texas at Austin
University of Arkansas
Center for Business and Economic Research
- State of the Northwest Arkansas Region Report 2019
- State of the Region Report (September 2018)
- Results from the 2018-19 Survey of the Labor Market for New PhDs in Economics (January 2018)
- State of the Region Report (October 2017)
- Results from the 2017-18 Survey of the Labor Market for New PhDs in Economics (January 2017)
- Estimating the Demand for and Supply of Early Childhood Education in Northwest Arkansas (September 2016)
- Examining the Status of African Americans and Hispanics in Arkansas (September 2016)
- Economic Impact of the Clean Line in Arkansas (November 2015)
- 2015 State of the Northwest Arkansas Region Report (October 2015)
- The Economic Impact of the University of Arkansas (February 2015)
- Results from the 2016-17 Survey of the Labor Market for New PhDs in Economics (January 2016)
- 2014 State of the Northwest Arkansas Region Report (October 2014)
- Arvest Consumer Sentiment Survey (June 2014)
- Economic Impact of Legalizing Retail Alcohol Sales in Craighead, Faulkner, and Saline Counties (May 2014)
- Visitor Spending at the 2013 Bikes, Blues & BBQ Festival (January 2014)
- Economic Impact of University of Arkansas Athletics (October 2012)
- Revisiting the Economic Impact of the Fayetteville Shale (May 2012)
Our Center in the News
- NWAOnline: NWA EDITORIAL: NWA's future unclear
- ArkansasOnline: Remote from Arkansas
- ArkansasOnline: Lumber prices rocket on demand surge
- fintechzoom.com: Mortgage rates Today-remote from Arkansas
- ArkansasOnline: Springdale enjoys westward expansion
- ArkansasOnline: Crystal Bridges plans expansion
- Arkansas Online: Development dilemma 'NIMBY': An obstacle to some, an insult to others
- ArkansasOnline: Land availability for housing in Northwest Arkansas shrinking
- ArkansasOnline: State's NW sees drop in vacant land for housing
- ArkansasOnline: Northwest Arkansas following urban sprawl pattern, housing squeeze
- Talk Business & Politics: Rapid Northwest Arkansas growth leads to higher housing costs
- ArkansasOnline: NW council turns efforts to housing
- NWAOnline: Attainable housing focus of new Northwest Arkansas Council center
- KUAF.com: U of A economist discusses potential impacts of American Rescue Plan in Arkansas
- Talk Business & Politics: Pandemic economics: Changed consumer, workplace patterns will be part of post-pandemic world
- KATV: Economist: New coronavirus package will have immediate stimulative effects
- Talk Business & Politics: Economist: New coronavirus package will have 'immediate stimulative effects'
- KNWA: Restaurant industry rocked by COVID-19, gets big boost from $1.9 trillion stimulus package
- KNWA: 'People are hungry.' Springdale man said he hopes new stimulus package addresses Marshallese community needs
- OPINION | EDITORIAL: Bringing it home
- KNWA/FOX24: Report: Northwest Arkansas real estate market remains healthy despite pandemic
- Talk Business & Politics: NWA home sales rise to record high; inventory hits record low
- Arkansas Business: Northwest Arkansas posts record home sales
- Arkansas Online: Sales of homes in 2 counties hits 5,726
- Talk Business: NWA home sales rise to record high; inventory hits record low
- Talk Business & Politics: Northwest Arkansas Council announces first round of Life Works Here recipients
- 4029 News: If approved by congress Arkansans can receive stimulus and unemployment checks
- KNWA: Second stimulus checks to impact economy differently
- KNWA FOX 24: Local researcher explains how second round of stimulus checks will help NWA economy
- Arkansas Business: Northwest Arkansas posts record home sales
- Arkansas Business: Northwest Arkansas Council focuses on diversity follow through
- Joplin Globe: Despite tough year, malls keep evolving Local News
- Arkansas Online: Bentonville to test 'work hub' design
- KUAF: Talk Business on KASU: Economist Mervin Jebaraj on jobs, alcohol sales
- Arkansas Online: Nature at heart of Luther George Park in Springdale
- KATV Channel 7: It's not necessarily that it's a consumer preference
- Arkansas Online: Experts cautious on recovery timeline
- Talk Business and Politics: U.S. economic rebound expected for 2021, but tough times ahead for bars and estaurants
- 5NEWS: US economic rebound expected for 2021, but tough times ahead for bars and restaurants
- Talk Business & Politics: Economist Liquor store sales up 28% during pandemic; bars down 33%
- KATV: Economist Liquor store sales up 28% during pandemic; bars down 33%
- Talk Business & Politics: Steep increase reported in Arkansas job numbers; December jobless rate falls to 4.2%
- ArkansasOnline: Covid: How retailers sprinted when the foot traffic stopped
- 40/29TV: Gov Hutchinson 53,000 more Arkansans are employed today compared to January 2015
- KNWA FOX24: We're not even holding our heads above water. Sales tax records show NWA bars struggle while liquor store sales skyrocket
- Talk Business & Politics: The Arkansas consumer ranked as top 2020 statewide business story
- Talk Business & Politics: State economists: Resurgence likely to depend on pace of vaccine distribution, extent of federal help
- Talk Business & Politics: State economists Resurgence likely to depend on pace of vaccine distribution
- Talk Business & Politics: Design work for XNA sky bridge is 90% complete; Jebaraj joins board of director
- Talk Business & Politics: UA announces Arkansas Business Forecast speakers, plans for virtual event in January
- UA News Economists to Discuss 2021 Outlook at 27th Arkansas Business Forecast
- WaltonToday: Economists to Discuss 2021 Outlook at 27th Arkansas Business Forecast
- KUAF: U of A economist weighs in on Biden's Cabinet picks
- Talk Business & Politics: Jebaraj outlines Biden economic agenda
- Newstral.com: Willow Bend housing project in south Fayetteville goes vertical
- NWAOnline: Willow Bend housing project in south Fayetteville goes vertical
- KNWA: Arkansas poll reveals economy is still a major concern for voters
- ArkansasaOnline: Economic think tank pitches NW's recovery
- Talk Business & Politics: Sales Tax down in Northwest Arkansas in October report
- KNWA: There's a lot more jobs and investment that could happen.' Economist says Arkansas could be ripe for renewable energy growth
- ArkansasOnline: Economic think tank pitches NW's recovery
- Arkansas Business: Jebaraj: Pandemic Crimps Consumer-Driven Economy
- NWAOnline: State's NW sees its momentum stall
- KNWA: 2020 State of the Region report released for NWA
- Kuaf.com: State Unemployment Up Slightly in August
- Talk Business & Politics:: State of region report highlights Northwest Arkansas growth in 2019
- Talk Business & Politics: Economists: No second federal stimulus plan will slow consumer spending, lead to an 'eviction crisis'
- ArkansasOnline: Springdale to tackle zoning for areas annexed from Bethel Heights
- Talk Business & Politics: Pandemic likely to alter normal Presidential election effect on economy
- nwahomepage.com: Razorback football to have little impact on local hotel, short-term rental industry, economist says
- KTLO.com: BC's tourism tax drop lowest among state's top 10 generating counties
- NWAOnline: Some bikers, football fans on way, Motorcycle rally canceled, game attendance limited because of pandemic
- Talk Business & Politics: Arkansas jobless rate rises in August, number of unemployed up 6.9% over July
- 5NewsOnline: Walton Arts Center announces new board members, officers
- Talk Business & Politics: Walton Arts Center announces new board members, officers
- Arkansas Business: Jebaraj gives passing grade to CARES Act
- KUAF: U of A Economist: Tourism, hospitality industries will need stimulus to survive
- KNWA: Economist breaks down COVID-19 impact on state's economy
- Arkansas Business: Despite Pandemic, NW Arkansas Real estate remains strong
- Talk Business & Politics: State partners with Baptist Health on COVID testing; Walton says tourism industry 'hardest hit'
- 5newsonline.com: Home improvement and remodeling jobs surge during COVID-19 pandemic
- Talk Business & Politics: Economist: Tourism industry needs a bailout to maintain jobs, quality of life
- KATV: Economist claims state tourism industry needs a bailout to maintain jobs, quality of life
- Talk Business & Politics: Economic worries escalate, fewer plan to travel during Labor Day weekend
- Talk Business & Politics: Fort Smith sales tax revenue beats budget expectations, but budget cuts to remain
- Hot Springs Sentinel-Record: An open letter to Arkansas legislators OPINION
- Talk Business & Politics: Reports show that consumer sentiment is on the decline
- KNWA: Report: Northwest Arkansas real estate strong despite pandemic
- Arkansas Online: Report Northwest Arkansas real estate strong despite virus
- Arvestshare.com: NWA real estate market remains healthy amid pandemic
- ArkansasOnline: Woes not hitting real estate in NW region, report shows
- NWAOnline: Report: Northwest Arkansas real estate strong despite virus
- Arkansas Business: Despite pandemic, NW Arkansas real estate remains strong
- Talk Business & Politics: Northwest Arkansas real estate market shows limited impact from COVID-19 pandemic
- Talk Business & Politics: State applies for FEMA jobless funds, will not make $100 weekly match
- KUAF: Checking in on the Economy in the Second Quarter
- KUAR.com: Checking tin on the Economy in the Second Quarter
- Mervin Jebaraj warned more financial turmoil is in store without Congressional agreement on new pandemic package
- Harrison Daily Times: Jebaraj to speak at economic update breakfast
- KATV: UA economist says unemployment benefits and $600 supplement propped up US economy
- Talk Business & Politics: UA economist says unemployment benefits and $600 supplement propped up U.S.
- Talk Business & Politics: Arkansas' fiscal year off to a good start with 47.2% increase in July revenue
- Episode 79-Mervin Jebaraj is economically in tune with Northwest Arkansas: I am Northwest Arkansas
- KUAR: Arkansas revenue soars above projections in July for good start to fiscal year
- KARK TV: Fayetteville business prepares for shorter Razorback football season amid COVID-19 pandemic
- ArkansasOnline: Walmart pledging increased severance
- KNWA: Fayetteville local business prepares for shorter Razorback football season amid COVID-19 pandemic
- ArkansasOnline: Voters to decide Bethel Heights' fate
- KNWA: Fayetteville local business prepares for shorter Razorback football season amid COVID-19 pandemic
- NWAOnline: Voters to decide Bethel Heights' fate
- NWAOnline: Walmart pledging increased severance layoffs part of US streamlining
- NWAOnline: Walmart cutting jobs, cites "changes"
- ArkansasOnline: Vote in 2 cities near; results to determine Bethel Heights' fate
- KNWA: A Closer look: Arkansas' COVID-19 economic impacts
- NWAOnline: JPs told county's expenses on target, official says virus impact not severe
- 40/29: Fayetteville police department receives many calls on people not wearing masks
- UA Newswire O'Leary-Kelly Named Chair of Walton Arts Center Council
- KUAF: UA Economist grades state, national response to COVID-19
- KNWA: Razorback football season in limbo as COVID-19 outbreak shows no slowing down
- ArkansasOnline: Some Arkansas cities' income climbs despite virus
- Talk Business & Politics: Economist grades state, national response to COVID-19
- 5News Facebook: University of Arkansas economist Mervin Jebaraj gives the federal government a pretty good grade for its economic response to the COVID-19 pandemic
- KATV News: Economist grades state national response to COVID-19
- UA Research Frontier podcast: Will we bounce back Jebaraj analyzes the pandemic's impact on Arkansas Economy
- UA News: New Short talks dives into lasting effects of COVID-19 on economy
- KNWA: International UA students run risk of inability to return to fall classes
- Fayetteville Flyer: Fayetteville fills 10 positions on city boards and committees
- KNWA: Special Report An unprecedented election year
- Talk Business and Politics: U.S. enters recession, ending longest economic expansion in U.S. history
- ArkansasOnline: Silenced Walmart fest echoes in NW
- Private Wealth: Walmart's celebrity -studded annual party is silenced by covid
- KATV: Economist: Stimulus checks, no stay-at-home order softened financial impact in Arkansas
- Talk Business & Politics: Economist: Stimulus checks, no stay-at-home order softened financial impact in Arkansas
- KWNA: We urge the administration to be more specific in its proposals to safeguard the UA community
- BloombergQuint: Walmart's celebrity -studded annual party is silenced by covid
- Financial advisor Magazine: Walmart's celebrity -studded annual party is silenced by covid
- KNWA: Millions of jobs lost in April due to coronavirus pandemic
- ArkansasOnline: Retailers in Northwest Arkansas hoping to stay afloat during pandemic
- Talk Business & Politics: US lost 20.5 million jobs in April as national unemployment rate soars to 14.7%
- KUAF: Economies of smaller cities, rural areas likely hit hardest during pandemic
- 40/29 News: Arkansas relaunches small business grants, additional $40 Million available
- Talk Business & Politics: Economist: 2Q GDP will be much worse than 1Q; no college football will zap regional economy
- Magnolia Reporter: Rural Arkansas will have longer path to economic recovery
- KATV Report: Arkansas' tourism industry handling COVID-19 better than other states
- UA Newswire: Economies of smaller cities, rural areas likely hardest hit by COVID-19
- KNWA: Governor makes false claim regarding COVID-19 testing
- Talk Business & Politics: Arkansas' tourism industry handles COVID-19 better than other states; leisure, hospitality industry most affected in state
- ArkansasOnline: Business leaders hoping U.S. delivers 2nd round or relief
- ArkansasOnline: Arkansas jobless rate rises to 4.8%
- ArkansasOnline: States execs on call with Trump to offer advice on recovery
- ArkansasOnline: Fayetteville housing authority to buy apartments
- NWAOnline: Pool of small-business benefits runs dry while Congress debates
- KNWA: Small business owner gets creative in making cash
- KNWA: Economist, policy analyst say cities need to prevent service cuts
- 40/29 NEWS: Almost 150,000 Arkansans have filed for unemployment
- ArkansasOnline: NW construction sites bustling as workers deemed essential
- Arkansas Online: Construction workers remain at Northwest Arkansas job sites
- KNWA (NWAHomepage.com): A closer look: 16m people are on unemployment due to COVID-19
- 5NEWS: Facts not Fear: UA economist answers your questions about coronavirus in Arkansas
- KNWA/Fox 24: A Closer Look: Businesses work to "make it" during COVID-19 crisis
- ArkansasOnline: Renters, landlords face crunch time as rent, mortgages come due