Arkansas Business: Our House meets $3.8 million fundraising goal

    6:33 AM, Apr 11, 2013   |    comments
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    LITTLE ROCK, Ark. (Arkansas Business) -- Technology stocks roared back Wednesday, driving the S&P 500 and the Dow to record highs.

    In all, tech stocks rose 1.8 percent, the most of the 10 industry groups in the S&P.

    2013 Donald W. Reynolds Governor's Cup

    Here in Arkansas, student entrepreneurs from the state's colleges and universities honored yesterday with cash prizes at the 2013 Donald W. Reynolds Governor's Cup awards.

    The annual event, once again held at the Statehouse Convention Center, awarded the best graduate and undergraduate student business plans and pitches.

    Among the winners: University of Arkansas startup Picasolar, which won first prize in the graduate division, taking home $25,000 for its plan to increase the efficiency of solar cells.

    And Catch-22, a startup from UALR, winning another $25,000 for its business, which would take Asian carp, an invasive fish that is harming the Mississippi River basin, and turn them into liquid fertilizer.

    Gov. Mike Beebe helped present awards to all the participants in front of about 1,000 business leaders in attendance

    In all, 47 teams from 13 Arkansas colleges and universities submitted business plans for competition.

    American Airlines adding flight to LA from NW Ark.

    Also yesterday, good news was announced for northwest Arkansas business travelers. American Airlines is adding nonstop flights to more cities from Los Angeles, where it's battling other airlines for dominance.

    American said Wednesday that it will begin service to seven cities, including Bentonville, which begins Aug. 27.

    Our House meets $3.8 million fundraising goal

    And finally, Our House, the Little Rock nonprofit that helps the working homeless, announced that it has met its $3.8 million fundraising goal and will begin construction of a new Children's Center on May 9.

    In December, Our House announced a campaign to raise the final funds needed to pay for construction of the planned, 19,000-square-foot center.

    Our House said the new Children's Center will serve as many as 142 children per day, up from its current capacity of fewer than 50.

    The money raised so far will cover construction costs. Our House is raising more money to cover playgrounds, furnishings and equipment for the new building.

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