These 12 Business Success Stories Began in Arkansas
If you ever find yourself at a gathering full of Forbes 500 types, you can call out the name “Stephens” or “Walton” or “Murphy” and get a nod of recognition for these prominent business names who found their start in the Natural State. There are many companies that started in Arkansas that now have global recognition. Of course the political-minded Rockefellers brought their New York City money to Arkansas and helped spread their vast fortune around the state (and consequently the equally political-minded Clintons took their Arkansas money to New York City over half a century later), but nothing quite beats those who built their business from the ground up by themselves in Arkansas. Check out these business titans that built their fortunes right here in our home state.
In 1970 the company opened its first distribution center and its home office, both located in Bentonville. 1983 would see the opening of the first Sam's Club wholesale store and 1988 introduced America to the Wal-Mart Supercenter. The company's name was officially changed to "Walmart" in 2008. The business has become such a booming success that it's hard to imagine a time before there were Walmarts dotting every town in America. These supercenters did accomplish one important thing, which was to bring accessibly priced goods to people of all kinds in all areas of the country.
Founded by brothers Witt & Jack Stephens in Fort Smith, Arkansas in 1953 initially as an independent oil and gas company, the businessmen also purchased a controlling interest in the Arkansas Louisiana Gas Company a year later. Over the next six decades Stephens, Inc. became a national financial powerhouse, overseeing investment banking, capital management, public finance, and other businesses. It's quite a departure from the original oil business, but you can say it certainly pays the bills.
Walt Coleman (whose other profession is an NFL referee) and Cherb Coleman, members of the fifth generation of the family to operate Coleman, manage the Little Rock plant. It's pretty cool that the company, which started so small and has grown into such a huge corporation, has always been a family business. Out of all the companies
Tyson Foods is the second-largest food production company listed in the Fortune 500, the largest meat producer in the world, and according to Forbes one of the 100 largest companies in the United States. Any grocery store you visit in the country, you'll be able to spot Tyson products in the frozen food aisle.
Dillard's locations are concentrated in Texas and Florida with a major presence in other states as well. Like most department stores it offers a wide range of upscale merchandise from fashion and beauty to home goods.
The Murphy Oil Corporation now operates oil production facilities and processing plants across the world. It's come a long way from those tiny origins in the woods of Arkansas.
Founded in 1921 as a farmers’ cooperative to market crops, Riceland is the largest supplier of rice for the food industry in the United States, a major rice exporter to foreign countries, one of the nation’s largest grain storage companies, and is also one of the Mid-South’s largest soybean processors. You can say with certainty that they have the rice market on lock.
To the sadness of many Arkansans, Yarnell Ice Cream Co. ceased operations on June 30, 2011. Later that year, Chicago-based snack manufacturer Schulze & Burch Biscuit Co. bought out the company, including its headquarters as well as all ice cream flavor recipes. Yarnell's resumed operations under its new management in April 2012. Though it's not the original owners, it's still nice to be able to enjoy Yarnell's ice cream on a sultry summer day. Out of all the companies based in Arkansas, this may be the sweetest.
Diamond Bear derives its name from the fact Arkansas is the only state in the United States where diamonds are naturally found, and the fact Arkansas was once known as The Bear State. That's right, Arkansas has both glamour and the ruggedness to offer.
The building that housed the pickle plant now houses Atkins Prepared Foods. The new company employs more people than the pickle plant did at its end, but it does not provide the same level of recognition for the town once dubbed the "Pickle Capital of the World" and known as the home of the fried dill pickle. That's quite a flavorful legacy. And though the original plant isn't in operation, at least the land is still being used for the delicious recipes of the Atkins company.
Today this company has grown into one of the largest transportation companies in the United States with annual revenues of over $3 billion. J.B. Hunt primarily operates large semi-trailer trucks, and provides transportation services throughout the continental United States, Canada and Mexico. They've consistently kept up their prowess even as the transportation industry has grown and developed.
Mountain Valley Spring Water is distributed across the United States.
Mountain Valley water originates at a protected spring just west of Highway 7 North, approximately twelve miles from downtown Hot Springs.
Arkansas has numerous credits in the business world and these are just a few names to show off. A growing number of local restaurants, bakeries, and locally-owned arts/crafts stores around the Natural State are gaining nationwide recognition as well!
OnlyInYourState may earn compensation through affiliate links in this article.
Address: Arkansas, USA
Companies That Started In Arkansas
January 03, 2023
What other successful and exciting companies were started in Arkansas?
Arkansas has a robust business economy and many companies have been founded right here in the Natural State. These are a few other companies founded in Arkansas in addition to the famous businesses we listed above.
- ABF Freight System
- Alliance Rubber Company
- ArcBest Corporation
- Arvest Bank
- Mountain Valley Spring Water
- Ranger Boots
- Shake’s Frozen Custard
- Windstream Holdings
- Candy Bouquet
- Lion Oil
- USA Drug
- ArcBest
