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Springdale leads Arkansas Tech Business Index for first time | Business

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Springdale leads Arkansas Tech Business Index for first time

RUSSELLVILLE, Ark. (September 24, 2015)--There is a new leader on the Arkansas Tech Business Index, a project created by the Arkansas Tech University College of Business and sponsored by Arvest Bank.
Springdale took the top spot for July 2015 with an index rating of 106.38, an increase of 1.09 points over June 2015. It is the first time in the 19-month history of the ATBI that Springdale has held the No. 1 position.
Three municipalities saw similar increases for July 2015. El Dorado (+1.50), Pine Bluff (+1.32) and Russellville (+1.28) also saw their ATBI rating jump by more than one point.
“The reason (El Dorado) is the largest gainer is because its tax rate declined from 1.25 percent to 0.25 percent in July,” said Dr. Marc Fusaro, associate professor of economics at Arkansas Tech and developer of the ATBI. “This led to an increase in retail activity in the city. However, watch for drop in October when the rate goes back up.”

The Arkansas Tech Business Index is a comprehensive measure that provides a snapshot of economic activity around the Natural State. It encompasses a labor index, housing market index, construction index and retail sales index. The index is based around 100. A city rating above 100 indicates that the city is currently doing better than the state average from 2009 to the present.
Joining Springdale with an ATBI rating above 100 for July 2015 are Fayetteville (2nd, 105.22), Bentonville (3rd, 105.16), Rogers (4th, 104.11), Fort Smith (5th, 102.50), Conway (6th, 102.10), Mountain Home (7th, 100.46) and Hot Springs (8th, 100.28).
Van Buren (9th, 99.19), Russellville (10th, 99.03), El Dorado (11th, 98.65), Searcy (12th, 98.01), North Little Rock (13th, 97.38), Jonesboro (14th, 96.92), Texarkana (15th, 96.25), West Memphis (16th, 95.93), Pine Bluff (17th, 94.50), and Little Rock (18th, 92.65) complete the ATBI for July 2015.
Visit www.atu.edu/atbi to access the data used to develop the ATBI.