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Arvest gains rights for ballroom's name

Arvest Bank on Monday said it has secured naming rights to the grand ballroom in the new Embassy Suites hotel and Red Wolf Convention Center in Jonesboro.

The hotel/convention center complex, with a combined 15,000 square feet, is scheduled to open in October. It is on the Arkansas State University campus, at 223 Red Wolf Blvd.

Arvest secured the naming rights for the next 17 years in an agreement with O'Reilly Hospitality Management LLC. The Arvest Ballroom can accommodate up to 1,500 guests and may be partitioned off to create seven individual meeting spaces.

O'Reilly Hospitality Management said it anticipates that more than 25,000 guests will attend events at the Red Wolf Convention Center during the first year. The all-suite hotel consists of 203 suites, a restaurant, on-site catering, an indoor pool and a fitness center. Event and meeting space can accommodate 200 trade-show booths.

"Jonesboro continues to flourish as a regional destination for entertainment events, and certainly university-related activities, and we look forward to hosting guests in this beautiful new space," said Kevin Hufstedler, community bank president of Arvest Bank in Jonesboro.

-- Stephen Steed

Gathering to focus on workforce skills

The Rural Workforce Development Southern Region Summit is scheduled for Oct. 2-3 at the Winthrop Rockefeller Institute on Petit Jean Mountain near Morrilton.

The event, designed to help workers learn skills that will help their businesses thrive in rural America, is set to continue Oct. 4 at the Workforce Training Center at the University of Arkansas Community College at Morrilton, according to the event's Web page.

Attendees will hear from keynote speakers with expertise in rural workforce development and will participate in discussions, said Julia Dossett Morgan, the institute's director of marketing and communications.

Attendance fees range from $50 to $350, depending on lodging and days of attendance. Registration and further details are available at rockefellerinstitute.org.

-- Nathan Owens

Index rises by 5.49; Murphy Oil up 6.3%

The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, closed Monday at 430.40, up 5.49.

Among stocks that rose, Murphy Oil led the way at 6.3%. USA Truck and America's Car-Mart rose more than 4.5%. Tyson Foods fell 2.88%.

"The Dow Jones industrial average posted its fourth straight gain as investors were more optimistic around U.S.-China trade agreement," said Chris Harkins, managing director at Raymond James & Associates in Little Rock.

The index was developed by Bloomberg News and the Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.

Business on 09/10/2019

Print Headline: Arvest gains rights for ballroom's name Gathering to focus on workforce skills Index rises by 5.49; Murphy Oil up 6.3%

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