LITTLE ROCK, Ark. (KTHV) - Investors will be watching the Federal Reserve this week, which is holding its monthly two-day meeting starting Tuesday to discuss its next steps.
Lance Turner with Arkansas Business said after the meeting wraps up on Wednesday, the bank will release its policy statement and Fed Chairman Ben Bernanke will hold another news conference.
In Arkansas, expansion plans at Oaklawn Gaming and Racing are now official. City planners in Hot Springs have approved a major expansion for the gaming area at Oaklawn Park.
The Hot Springs Planning Commission approved the site plan late last week for the racetrack, which has experienced major growth since the state legalized electronic gambling at the state's two racetracks in Hot Springs and West Memphis.
Oaklawn Park General Manager Eric Jackson said construction work will likely begin in May 2014 after Oaklawn finishes up its live racing season. The expansion will increase the park's warehouse and office area. It will also add nearly 35,000 square-feet to the park's gambling area, which will add about 500 new gambling positions.
Arkansas Business has a special edition this week, honoring its 20th annual '40 Under 40' class.
Each year, readers nominate hundreds of candidates for the honor and the Arkansas Business staff chooses from that group 40 of the state's outstanding business, nonprofit and political leaders under the age of 40.
This year's class was honored at a luncheon Friday at the Marriott in downtown Little Rock. Members include U.S. Rep. Tom Cotton, Georgia Mjarten of Our House, and Drew Chandler, the CFO of Farmers Bank & Trust of Magnolia.
"As a business, you want to hire the best and this shows you how you have successful people moving through your ranks and your top businesses are going to try and hire your best people," Chandler said. "This is a good sign of that."
You can read about each of the 40 honorees and look back at the previous 19 years of '40 Under 40' right now atArkansasBusiness.com