Rent's growing burden on Arkansans

Data: Moody’s Analytics CRE; Chart: Axios Visuals
Data: Moody’s Analytics CRE; Chart: Axios Visuals

Rent is increasing faster than income nationwide, putting additional pressure on inflation-burdened households, Axios' Emily Peck writes.

State of play: The median renter in the U.S. would need to spend 29.6% of their monthly income to make an average rent payment in the first quarter of 2023, per a report from Moody's Analytics.

Alex Golden
May 16, 2023 - Health

What the Arkansas Children's expansion means for NWA

Illustration of a round bandaid in the shape of smiley face on a child's arm

Illustration: Sarah Grillo/Axios

Arkansas Children's earlier this month announced a $318 million expansion to include new construction, redesign and additional staff at its Little Rock and Springdale hospitals.

Why it matters: The hospital is in a position to serve as a hub for pediatric care for a four-state region. The development project aims to help kids who live in NWA and nearby out-of-state areas get the care they need closer to home, president and CEO Marcy Doderer told Axios.

Alex Golden
May 12, 2023 - Development

$10 million donation will add 5,000 square feet to Amazeum

Rain didn't dampen spirits for the announcement Thursday. Photo: Alex Golden/Axios

The Scott Family Amazeum will receive millions for its first major expansion since the interactive children's museum opened in 2015.

What's happening: Lee and Linda Scott, along with their sons Eric and Wyatt and daughters-in-law Elda and Janell, announced Thursday they will give $10.35 million to the science-focused center that bears the family name.

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