Arkansas Business: Arkansas Insurance Department, economic development, quarterly earnings

Here's a look at your Arkansas Business headlines. -- THV11.com 05/02/16

LITTLE ROCK, Ark. (KTHV) - The Arkansas Insurance Department is considering building a new office building.

The department, which is now leasing space from the Arkansas Teacher Retirement System at 1200 W. Third St. in Little Rock, has had an appraisal done on an existing building at 1610-1614 W. Third St. That building is occupied by a group of government agencies and private companies.

According to documents obtained by Arkansas Business under a Freedom of Information Act request, Nabholz Construction Services of Conway has drawn up a $40 million plan to raze the building, replacing it with a new 113,000 square-foot building and a 307-space parking structure.

Governor Asa Hutchinson and state economic development officials on Friday capped a big week of job announcements.

The governor appeared with executives from Sprint Corp. of Overland Park, Kan., which announced that it will bring up to 100 jobs to Little Rock before the end of the year as it opens a new South Central regional headquarters at on Shackleford Road.

The regional headquarters will oversee the telecommunication company's operations in Arkansas, Louisiana, Mississippi and Oklahoma.

And finally, two trucking companies reported quarterly earnings.

PAM Transport Services Inc. of Tontitown reporting first-quarter income of $2.9 million, down from $5.4 million in the same quarter a year ago.

ArcBest Corp. of Fort Smith reported a first-quarter loss of $6.1 million, a drop from the $745,000 profit it reported in the same quarter of 2015.


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