WTC Arkansas Joins Trade Mission to Farnborough

July 25, 2022

HAMPSHIRE, England — The World Trade Center Arkansas hopped across the pond to showcase the Natural State’s burgeoning aerospace industry at the Farnborough International Airshow as part of a trade mission led by Gov. Asa Hutchinson.

The  aerospace industry in Arkansas  is a vital part of the state’s economy. It was  Arkansas’ No. 1 export sector  in 2020, accounting for $1 billion in trade — nearly 20% of the state’s total exports. The industry also employs more than 4,000 Arkansans.

“This was an incredible event that linked up several vital economic partnerships between Arkansas and the international aerospace industry,” said Denise Thomas, WTC Arkansas CEO.

The delegation was joined by Jorden Bearden, who handles community and corporate affairs at the NWA investment firm the  Runway Group , and Paige Jernigan, director of development with  Heartland Forward , a “think and do tank” focused on improving the Heartland economy.

Established in the 1940s, Farnborough has been a leading exhibition for executive and government leaders to learn about industry trends and networks, according to the Arkansas Economic Development Commission (AEDC). The four-day event generates an estimated $192 billion in business deals.

Major aerospace companies with Arkansas ties — Lockheed Martin, Aerojet Rocketdyne, and Dassault Falcon Jet — were among the 1,500 exhibitors and 96 countries attending the event, according to AEDC.

“We are proud to say that the aerospace industry thrives in Arkansas,” said Clint O’Neal, deputy director and executive vice president of global business at AEDC. 

“The state’s business-friendly climate and strong workforce have contributed to making Arkansas an aerospace industry hub."

More News

WTC Arkansas to Host Veteran for Export Series

August 12, 2022 - ROGERS — The World Trade Center Arkansas’ Get Ready to Be Ready series, which is designed to help small businesses prepare for export, will return this fall with a series of webinars from Dr. Michele Pfannenstiel, a veteran, and entrepreneur who specializes in regulatory medicine. “These sessions will be vibrant, fun and most importantly, educational for all those Arkansas companies interested in tackling issues suppliers face,” said Denise Thomas, chief executive officer of WTC Arkansas. The webinars will be on Tuesdays from August to November, with workshops to follow on Thursday. Each session should be about 30-45 minutes, followed by 15-30 minutes for Q&A. All of the events will be held at 1 p.m. CST. Dr. Pfannenstiel has worked in regulatory medicine as an enterprise since leaving her post in the U.S. Army, where she worked as a veterinarian responsible for food safety for the Department of Defense, spanning from military bases to the White House. Today she is the CEO of Dirigo Food Safety in Ohio, where she lives with her family. Dr. Pfannenstiel earned her bachelor’s degree at Wellesley College and her doctorate of veterinary medicine at the University of Georgia. Dr. Pfannenstiel said she was thrilled to bring leadership coaching on supply chain issues to the diverse WTC Arkansas membership “These webinars and workshops are packed with great insight, and we look forward to supporting regional leaders and food businesses,” she said. Approved Supplier Programs Aug. 30, Webinar This webinar is going to help you determine who should be a supplier. Very often, when we make a decision to work with someone, we don’t look at the whole picture of working with them. We pick them for price or convenience. Those aren’t bad reasons…but are they the ones that are going to help you build a strong and profitable relationship that nourishes your community? Sept. 1, Workshop Now that you’ve developed your supplier list based on something more sustainable than price and convenience, let’s look at all the ways you need to go about actually approving them…AND keeping them approved. Learn how to have the hard conversations that are going to save your company money and time Foreign Supplier Verification Sept. 6, Webinar Several years ago the FDA started enforcing a rule on Foreign Supplier Verification. It’s part of the Food Safety Modernization Act (AKA FSMA). Have you been ignoring this rule? Trying to skirt in and hope Customs and Border Patrol is going to not notice your products? Let’s fix that together. This webinar will explain what the FSVP rule is (and what it isn’t) and help you understand if you need to be compliant Sept. 13, Workshop Developing a foreign supplier program is not as hard as it seems. Mostly it is a matter of good Google skills and a tolerance for paperwork. In this workshop you will learn what you need to know to either write your own FSVP and/or learn how to know if the person writing it for you is doing a good job. Having paperwork you don’t understand is arguably as bad as not having the right paperwork. Let’s fix both of those issues. Recall and Business Disruption Sept. 27, Webinar Recall…a word to strike fear into the heart of any food business. Truth is, a recall is awful, but not even close to the sum total of things that can shut down a business. How do you protect yourself? By building systems that let you know as much as you can about your supply chain, work process and how your product is treated after it leaves your possession. Avoiding risk up and down the chain is what is going to let you sleep at night. This webinar will teach you to evaluate your risks and put in appropriate measures to mitigate them. Sept. 29, Workshop Do you know what to do when disaster strikes? This workshop is going to be a tabletop exercise for your business. In the Army we have a saying…how you practice is how you perform. In this workshop we will run a simulation on a business disruption exercise and you are going to get feedback in real time about your performance. CA Prop 65 and Product Testing Nov. 1, Webinar Do you sell a product in California? Because if you do, then you have to know about Prop 65. You must THINK about what you are selling, what the ingredients are and what risk they are for action by someone who sues for a living. We will cover what the Prop 65 law is, who is at risk for it, why selling on Amazon isn’t going to give you cover. Further, even if you are compliant, or not selling in California, you need to test your food for other things that can go wrong with it. But for what? How often? Nov. 3, Workshop You’ve determined that you need a Prop 65 testing plan. Let’s figure out one together. This plan depends on a lot of factors, like your ingredients and how they are prepared. This workshop is going to help you act on the knowledge you gained in the webinar to develop a testing plan that makes sense for your company. Then I’ll teach you how to read the COAs (certificate of analysis) that you get back from the lab, and make decisions about next steps based on the information we find out. The mission of the World Trade Center Arkansas is to grow trade and increase Arkansas exports by connecting Arkansas businesses to the world through international trade services. The center is part of the University of Arkansas and serves as the trade promotion arm for the Arkansas Economic Development Commission. To apply for funds, contact Trish Watkins, our STEP Grant director. For more information and valuable updates, please follow the center on Facebook and Twitter or subscribe to the World Trade Center Arkansas newsletter. Read More

WTC Arkansas Celebrates NWA Salvadoran Consulate

August 10, 2022 - SPRINGDALE — The first Salvadoran consulate in Arkansas co-hosted a community celebration on Aug. 6, marking the event with vendors from the community, civic groups and local business leaders. The World Trade Center Arkansas was honored to open the event alongside Mercedes Argueta, the Vice Consul of the consulate, and Terri Trotter, CEO of the Jones Center. “What an honor to speak at such a wonderful event dedicated to showcasing the diverse culture of Northwest Arkansas,” said Denise Thomas, WTC Arkansas CEO. The consulate opened in June and will provide administrative services to Salvadorian nationals, according to KFSM-TV. Before the NWA location opened, the closest consulate for Salvadorans was in Dallas, Texas. The high-energy celebration drew a large crowd to the Jones Center, and featured food and entertainment. The WTC Arkansas also attended the festival to show its support for El Salvadoran businesses in the areas and to open more trade opportunities with the Latin American nation. El Salvador was among the top 30 export destinations for Arkansas products last year. In 2021, the country accounted for $33.3 million in trade, according to the Arkansas Economic Development Commission. The mission of the World Trade Center Arkansas is to grow trade and increase Arkansas exports by connecting Arkansas businesses to the world through international trade services. The center is part of the University of Arkansas and serves as the trade promotion arm for the Arkansas Economic Development Commission. To apply for funds, contact Trish Watkins, our STEP Grant director. For more information and valuable updates, please follow the center on Facebook and Twitter or subscribe to the World Trade Center Arkansas newsletter . Read More