Arkansas has posted its best economic growth in almost four years, and Governor Mike Beebe is hopeful the state can sustain that pace as lawmakers and business owners head into the new fiscal season.
Beebe, a Democrat, took office in January.
The state’s economy grew at an annualized rate of 6.4 percent in the second quarter, up from 6.3 percent in 2015, according to the latest data released Thursday by the Bureau of Labor Statistics.
Beece said the economy is expanding at a “substantial pace” and expects to continue to expand in the coming months.
Beeves administration, which took office less than a year ago, has made efforts to revitalize Arkansas, including an economic development program and an investment program.
Beebes administration has also boosted state aid to the state’s businesses and created a state innovation center to support the development of new technology.
Beebecs economic outlook remains bleak.
The unemployment rate has dropped from 6 percent in April to 5.7 percent in June.
Beebers administration has been criticized for not spending enough on public services and for its lackluster response to the Zika virus outbreak.
Beebs administration also has faced criticism for its decision to withhold nearly $1 billion in tax credits for the state that benefited businesses.
Beehes administration also faces scrutiny for its failure to adequately fund public health and education programs in the wake of the pandemic.
Beeys administration has faced backlash from business leaders, who say it has taken too long to tackle the pandemics outbreak and has not fully responded to the needs of business owners.
Beees approval rating fell below 50 percent in a recent Quinnipiac University poll.
Beeby’s approval rating has also been under scrutiny because of a growing number of controversies over his administration’s handling of the state economy.
Beebys approval rating also dipped below 50% in a Quinnipac University poll in May.
Beebies approval rating dropped below 50%.
Beebe has been under fire for his handling of economic growth, which has suffered from weak demand and an influx of imports, including oil and coal.
Bee’s approval ratings have been among the lowest in recent years.
Beeges approval rating declined from 52 percent in 2016 to 39 percent in 2017.
BeeBes approval rating is among the highest in the nation and the highest for any governor.
Beeces approval rating rose slightly from 42 percent in 2014 to 41 percent in 2018.