Is Fayetteville Arkansas the next Austin Texas?

Question

Im curious about what everybody thinks about all the predictions on Fayetteville Arkansas area becoming the next huge thing like Austin Texas. Thought? Predictions?

Ryan Blackstone · Answer

We are certainly booming, and at a rate faster than the most of the US. However, there need to be much more bigger players (companies) to move in to get us to become the next Austin. Now, the Walton family foundation, Tyson and Jb Hunt are making NWA a destination for people. The quality of life has gone up a great deal in the past 10 years for anyone in NWA. And so we you can attracting human capital and make it a place of desire it may attract the other big players.

The only three things that could stop us. 1. Taxes (Texas has no income tax, and we do.) 2. Government Regulations. We are honestly old in our thinking with some governing bodies. 3. Infrastructure. Can we build it fast enough.

To end on an awesome note. Amazon is building a distribution center here!

Brandon Carlson · Answer

@Zachary Stanley I saw on Yahoo Finance that tech companies are offering $10k of bitcoin if they relocate to Fayetteville. It seems interesting...

Ryan Blackstone · Answer

@Esteban Garcia Yes. They did buy a couple years ago just south of JB hunts home office. They went public about it a couple months ago. I think it is more of a public facing partnership with JB Hunt than a competition with Walmart. However, that would probably be a second motivation.

Esteban Garcia · Answer

I have heard about the Amazon warehouse. It’s supposed to compete with Walmart. Last I heard they were buying a giant lot to build the warehouse. That’s going to bring in a lot of people to NWA with it.

Jordan Moorhead · Answer

What large tech companies have moved there? That's what made Austin.

Bruce Lynn · Answer

I think that is probably a stretch....but who knows. Who would have thought Austin would be the center of the universe 10 years ago....or 20 years ago. I think there were some things building there, but still. I guess you could ask Elon if he plans to put a Tesla plant there.

Is Fayetteville Arkansas the next Austin Texas?

Is Fayetteville Arkansas the next Austin Texas?

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