An example is the Fort Smith Convention Center that created an estimated economic impact of $40 million on an annual subsidy by the City of Fort Smith to the tune of about $777,000 a year.
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Communities thinking of building or owning convention centers must realize that these centers are community loss leaders. Municipalities will probably have to subsidize the operations of these centers every year. And if these centers are planned and managed well, the return in "tourists" dollars and sales tax generated should exceed the subsidies.
An example is the Fort Smith Convention Center that created an estimated economic impact of $40 million on an annual subsidy by the City of Fort Smith to the tune of about $777,000 a year. Read more...
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![]() Joseph E. Steinmetz has been selected as the sixth Chancellor of the University of Arkansas pending a formal vote by the Board of Trustees of the University of Arkansas System. UA System President Donald R. Bobbitt is expected to make a formal recommendation to the Board of Trustees later this week. Dr. Steinmetz, currently the executive vice president and provost at Ohio State University, will start at the U of A January 1, 2016. We’ll get to know him better soon but for now here’s more about Chancellor Steinmetz. Here’s to the continued transformation of this amazing university! Chris Wyrick Vice Chancellor for University Advancement & Brandy Cox Associate Vice Chancellor for the Arkansas Alumni Association ![]() Fayetteville, AR - The new Tacos 4 Life location in Fayetteville raised over 47,000 meals since opening its doors on September 8. For every meal purchased, the restaurant donates a meal to a starving child. "One of my favorite things about working at Tacos 4 Life is the moment when a customer believes in the mission, and it's not just about good food even though we provide that," said Tacos 4 Life team member Andrew Washington. For every meal purchased, Tacos 4 Life donates 22 cents to Feed My Starving Children, a nonprofit dedicated to :feeding God's children hungry in body and spirit." Tacos 4 Life has two Conway locations and recently opened its Fayetteville location in September. The Conway locations donate meals to Swaziland, Africa while the Fayetteville location donates meals to Honduras. Feed My Starving Children sends the meals, or MannaPacks, to Children's Cup, an on-ground organization in Honduras that distributes the food to CarePoints. A meal Provides Children with nourishment, but also an education, trade skills and hope. "It has been amazing to see our customers experience the food and join us in the fight against childhood hunger," said store leader Justin Young. "Also, seeing our team work hard daily to provide great food and excellent customer service so that we can raise as many meals possible makes my job worth it." Tacos 4 life uses the tortilla as a canvas to create fresh, fun and innovative tacos that range from comforting and familiar to bold and adventurous. They currently have 20 different tacos on their menu ranging from the Grilled Chicken taco, wrapped in a puffy tortilla and drenched in their house queso, to the Ono Shrimp taco covered with a pineapple cream sauce and sprinkled with toasted coconut. "we are excited to see how many meals we can raise in another month of business," said Austin Samuelson, owner. "The Meal 4 Meal Mission wouldn't be possible without the amazing customers we have been blessed with in Fayetteville and Conway." |
AuthorFayetteville Chamber Team Archives
November 2018
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