Before a crowd of more than 100 people at the Helmerich Research Center at Oklahoma State University-Tulsa, Oklahoma Gov. Kevin Stitt and Arkansas Gov. Asa Hutchinson signed a memo of understanding, agreeing to position the two-state region as a national hub of advanced mobility (AM), which includes drones, electric and autonomous vehicles, battery manufacturing, and transportation and logistics solutions.
Northwest Arkansas has the potential to be a leader in aviation, but creating a culture to support the industry is a slow process, Steuart Walton told Axios.
Driving the news: UP.Partners, Steuart and Tom Walton, and Ross Perot Jr. hosted UP.Summit in Bentonville this week, an event that draws established and startup companies to discuss the future of transportation.
“How long is it until all of us can get up in one of these things? I think it might be a little while,” Steuart Walton said of the new technologies on display at UP.Summit. “But this is about a long-term vision.”
The goal of holding the summit in Bentonville is to position the area as a leader in environmentally friendly transportation technology that brings jobs and innovation, Walton told attendees.