State of Arkansas

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Arkansas

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Arkansas is a state located in the southern region of the United States. Its name is an Algonquin name of the Quapaw Indians. Arkansas shares a border with six states, with its eastern border largely defined by the Mississippi River. Its diverse geography ranges from the mountainous regions of the Ozarks and the Ouachita Mountains, which make up the U.S. Interior Highlands, to the eastern lowlands along the Mississippi River. The capital and most populous city is Little Rock, located in the central portion of the state.

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The state's gross domestic product for 2005 was $87 billion. Its per capita household median income (in current dollars) for 2004 was $35,295, according to the U.S. Census Bureau. The state's agriculture outputs are poultry and eggs, soybeans, sorghum, cattle, cotton, rice, hogs, and milk. Its industrial outputs are food processing, electric equipment, fabricated metal products, machinery, paper products, bromine, and vanadium.

Several global companies are headquartered in the northwest corner of Arkansas, including Wal-Mart (the world's largest public corporation by revenue in 2007), J.B. Hunt and Tyson Foods. This area of the state has experienced an economic boom since the 1970s as a result.

In recent years, automobile parts manufacturers have opened factories in eastern Arkansas to support auto plants in other states. Additionally, the city of Conway is the site of a school bus factory.

Tourism is also very important to the Arkansas economy; the official state nickname "The Natural State" was originally created (as "Arkansas Is A Natural") for state tourism advertising in the 1970s, and is still regularly used to this day.

According to Forbes.com Arkansas currently ranks 21st for The Best States for Business, 9th for Business Cost, 40th for Labor, 22nd for Regulatory Environment, 17th for Economic Climate, 9th for Growth Prospects, 34th in Gross Domestic Product, and positive economic change of 3.8% or ranked 22nd.

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