More than 200 people gathered at the Record in Bentonville last Thursday for an Axios event focused on the recreation economy in the Natural State. At the event, Tom Walton, co-founder of holding company Runway Group, alluded to an announcement related to gravel cycling. What’s happening: Runway will on Monday reveal the Arkansas Rural Recreational Roads initiative — Arkansas R3 — that will designate specific routes where cyclists can enjoy low-traffic, dirt- and gravel-road cycling.
The Walton brothers appeared last month on a panel with AOL co-founder Steve Case during Gov. Asa Hutchinson’s policy forum known as the America Leads summit. The event, held in Bentonville, attracted politicians, business leaders and policy wonks from across the country.
As recently as five years ago, the brothers wondered if there would be enough opportunities in northwest Arkansas to keep them anchored. They’ve since learned the answer. They now think northwest Arkansas can be the best place to live in the country as long as it learns from mistakes made by other fast-growing areas.
As Downtown Bentonville Inc. celebrates its 20th anniversary, some local business leaders talk about Bentonville’s rapid growth.
The Walton brothers called the downtown environment in local cities “the beating heart of Northwest Arkansas.”
Bentonville-based RZC Investments, the investment platform for Steuart and Tom Walton, grandsons of Walmart founder Sam Walton, has invested an undisclosed amount in commercial real estate startup Loloft in Rogers.
Loloft is an acronym for “Local Logistics, Flexible Terms.” The business model operates similarly to a regular co-working concept but is marketed to early-stage or growing companies by offering warehouse spaces on a flexible basis with lease terms starting at 30 days.