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Business Financing in Arkansas (AR)

Equipment Leasing in Arkansas

Population of Arkansas (AR)

  • Estimated Population: 2,937,979
  • Estimated Business Population: 51,425

Geography of Arkansas (AR)

  • Land Area (in kilometers squared): 134,856
  • Capital: Little Rock
  • Time Zone(s): Central

Economy of Arkansas (AR)

  • Arkansas Gross Domestic Product (GDP in $Millions): $105,800

Politics of Arkansas (AR)

  • Senator: Mark Pryor
  • Senator: John Boozman

History of Arkansas

Spaniard Hernando de Soto was among the early European explorers to visit the territory in the mid-16th century, but it was Frenchman Henri de Tonti who founded the first permanent settlement in 1686. Later, the area was acquired by the U.S. as part of the Louisiana Purchase in 1803. Part of the territory of Missouri, the area became a separate entity in 1819. In the following decades, Arkansas was known for its development of the cotton industry and spread of the Southern plantation system throughout the surrounding states.

Main Industries

Like the rest of the states, Arkansas generates most of its revenue through service industries including agriculture, manufacturing, aviation, mining, and other services such as retail and transportation. Arkansas's top five agricultural products are broilers, rice, soybeans, cattle and calves, and cotton.

Future of Industries

Aviation has become one of the most dynamic industries in Arkansas. Aircraft and spacecraft are the state's largest export and the revenue of which has grown from it has increased immensely in the past few years. This industry in Arkansas continues its expansion and it is expected to add over 350 new jobs in the next few years.

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