In a recent government meeting, Jay Cheshire, representing the Little Rock Regional Chamber of Commerce, delivered an optimistic economic development update, highlighting significant progress in employment and investment in the region. Cheshire reported that the metro Little Rock area has achieved record low unemployment rates, with over 317,000 people currently employed—an increase of 40,000 jobs compared to a decade ago. The ambitious goal is to reach 400,000 jobs by 2032.

Cheshire noted that while only one project has been officially closed this year, there are currently 19 active projects in the pipeline, which could create over 3,000 new jobs and attract more than $4 billion in capital investment. He emphasized the importance of city investment, citing that the $30 million invested over the past six years has catalyzed over $786 million in private investment, demonstrating a significant return on investment.

The meeting also addressed the importance of education and workforce development, with Cheshire highlighting successful partnerships with local school districts to enhance educational opportunities. He reported an increase in attendance at high schools with specialized academies, indicating a growing interest in vocational training.

Cheshire concluded by discussing ongoing infrastructure projects, including the development of the newly named Little Rock Mega Site, which is being marketed for large-scale economic opportunities. He expressed gratitude for the city's support and investment, which he believes is crucial for sustaining growth and attracting new businesses to the area.

City officials praised the economic development team's efforts, noting the impressive return on investment and the potential for future growth. The meeting underscored a collective commitment to fostering a thriving economic environment in Little Rock, with a focus on job creation, education, and infrastructure development.