Tuesday, March 14, 2017

Northwest Arkansas’ Impressive Growth

Growing up in Stockton, California, Bill Schwyhart left home when he was 17 years old to begin his journey as an entrepreneur. Bill Schwyhart, is now a real estate developer with major investments in Rogers, Arkansas. 

According to a mid-2016 report by CBRE Real Estate, Rogers and the rest of Northwest Arkansas continue to enjoy impressive growth, with no indicative sign of slowing down. Payroll, population, and planning have been the major factors for the impressive performance. High-paying jobs have led to population growth, which has necessitated local government units as well as the private sector to plan accordingly and pour investments to meet the demand. 

There is synergy between the towns of Fayetteville, Rogers, Bentonville, Springdale, and Siloam Spring, drawing broader attention to the region. With a with a national average surpassing per capita income of $50,686 in 2014, Northwest Arkansas was only behind Houston in terms of having the highest per capita income across metropolitan areas in the South Central United States. Population growth has been recorded at 30 new residents per day in the region. Planned and tax-funded projects include the widening of Interstate 49.

Tuesday, December 6, 2016

Iacocca Family Foundation - Funding Important Diabetes Research

A real estate developer and founder of Pinnacle Hills in Arkansas, Bill Schwyhart began his career in the automotive industry. From 1982 until 2001, Bill Schwyhart was the owner and dealer principal of Hart Motor Company in Rogers, Arkansas. Owning a Chrysler dealership years prior, he was counseled by industry expert Lee Iacocca.

The former Chrysler CEO, Lee Iacocca established the Iacocca Family Foundation in 1984 after his wife, Mary Iacocca, passed away from type 1 diabetes complications. The foundation's aim is to fund innovative research and projects that seek to bring an end to type 1 diabetes and complications caused by the disease. Each year, the foundation invites independent researchers and sponsored research offices to submit grant applications.

Currently, two University of Miami doctors as well as one each from Vanderbilt University and Massachusetts General Hospital are using Iacocca Family Foundation grants to support type 1 diabetes research. To date, the foundation has funded projects worth a combined $40 million.