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==Economy== {{See also|Economy of Arkansas}} [[File:Wash Reg Med Cntr in Fayetteville, AR.jpg|right|thumb|Washington Regional Medical Center is in Uptown Fayetteville]] {| class="wikitable" style="float:left; margin-right:1em" |+ Top Employers<ref name="CAFRFay">{{cite web |url= https://www.fayetteville-ar.gov/DocumentCenter/View/18363/City-Plan-2040-Update-7-6-2020?bidId= |title= Fayetteville City Plan 2040 |publisher= City of Fayetteville, Arkansas |page= 83 |year= 2020 |access-date= May 4, 2022 |archive-date= June 15, 2022 |archive-url= https://web.archive.org/web/20220615203758/https://www.fayetteville-ar.gov/DocumentCenter/View/18363/City-Plan-2040-Update-7-6-2020?bidId= |url-status= live }}</ref> |- ! style="width: 3em;" |2020<br />Rank ! style="width: 17em;" |Employer ! style="width: 3em;" |2010<br />Rank |- |align="right"|1 | [[University of Arkansas]] |align="right"|1 |- |align="right"|2 | Washington Regional Medical Center |align="right"|2 |- |align="right"|3 | [[Walmart]] |align="right"|5 |- |align="right"|4 | [[Fayetteville School District]] |align="right"|4 |- |align="right"|5 | [[Veterans Health Administration|Veterans Administration Medical]] |align="right"|3 |- |align="right"|6 | City of Fayetteville |align="right"|6 |- |align="right"|7 | APAC Central, Inc. |align="right"|NR |- |align="right"|8 | [[Pinnacle Foods]] |align="right"|NR |- |align="right"|9 |[[Tyson Foods]] |align="right"|NR |- |align="right"|10 |[[Washington County, Arkansas|Washington County Government]] |align="right"|7 |} [[Walmart]] is based in nearby [[Bentonville, Arkansas]], and is one of six Fortune 500 corporations based in the state (the others are [[Dillard's]], [[J.B. Hunt]], [[Murphy Oil]], [[Tyson Foods]], and [[Windstream]]).<ref name="f500">{{cite magazine |title= Fortune 500 |magazine= Forbes |url= https://money.cnn.com/magazines/fortune/fortune500/2013/full_list/index.html |year= 2013 |access-date= May 26, 2013 |url-status= live |archive-url= https://web.archive.org/web/20140327164549/https://money.cnn.com/magazines/fortune/fortune500/2013/full_list/index.html |archive-date= March 27, 2014 }}</ref> Tyson Foods is based in [[Springdale, Arkansas]], which is adjacent and to the north of Fayetteville. Although they are not based in Fayetteville, the corporations have a big impact through the [[University of Arkansas]]. The [[Sam M. Walton College of Business]] (named for [[Sam Walton]]) at the university has received numerous donations from the [[Walton family]]. Tyson also has a presence on campus at the Tyson Center for Excellence in Poultry Science, which holds classes for the [[Dale Bumpers College of Agricultural, Food and Life Sciences]]. The poultry science program at Arkansas is one of the Top 5 programs in the United States.<ref>{{cite web|title=Poultry Science Program Overview |url=http://poultryscience.uark.edu/4457.htm |publisher=Dale Bumpers College of Agricultural, Food and Life Sciences |access-date=July 30, 2011 |url-status=dead |archive-url=https://web.archive.org/web/20110928085605/http://poultryscience.uark.edu/4457.htm |archive-date=September 28, 2011 }}</ref> Transportation company [[J. B. Hunt]] is based in [[Lowell, Arkansas]], which is between [[Rogers, Arkansas|Rogers]] and Springdale. It has donated millions of dollars to the university's [[logistics]] program, including $10 million funding the [[J.B. Hunt Center for Academic Excellence]] that completed in 2010.<ref>{{cite news |title=Securities and Exchange Commission Form 8-K, Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |date=October 13, 2005 |publisher=J. B. Hunt Transport Services, Inc. }}</ref> The University of Arkansas has also been changing into a research-centered university since the late-20th century. The university's stated goals now include becoming the economic engine for the region, the state of Arkansas, and beyond. This focus on innovation has helped draw students who were interested in research to Fayetteville. This shift in emphasis was recognized by the [[Carnegie Foundation for the Advancement of Teaching]] with classification in the category of "R1, Highest Research Activity," in 2011.<ref>{{cite web |url=http://classifications.carnegiefoundation.org/lookup_listings/srp.php?clq=%7B%22basic2005_ids%22%3A%2215%22%7D&limit=50,50&orderby=sortname | title=Search result for Very High Research Institutions | publisher=[[Carnegie Foundation for the Advancement of Teaching]] | access-date= July 30, 2011 }}</ref><ref>{{cite web | url= http://news.uark.edu/articles/15540/university-of-arkansas-elevated-to-highest-carnegie-classification-among-u-s-universities-and-colleges | title= University of Arkansas Elevated to Highest Carnegie Classification Among U.S. Universities and Colleges | publisher= University of Arkansas | access-date= July 30, 2011 | url-status= live | archive-url= https://web.archive.org/web/20150517023627/http://news.uark.edu/articles/15540/university-of-arkansas-elevated-to-highest-carnegie-classification-among-u-s-universities-and-colleges | archive-date= May 17, 2015 }}</ref> In 2011, [[DataRank]], a company which provides businesses with tools for analyzing conversations about their brands and competitors, was founded in Fayetteville.<ref name=Perez2014>{{Cite web| url = https://techcrunch.com/2014/02/03/yc-backed-datarank-raises-1-4m-for-its-online-analytics-platform-for-brands/| title = YC-Backed DataRank Raises $1.4M For Its Online Analytics Platform For Brands| author = Perez, Sarah| publisher = TechCrunch| date = February 3, 2014| accessdate = February 13, 2014| archive-date = February 14, 2014| archive-url = https://web.archive.org/web/20140214044301/http://techcrunch.com/2014/02/03/yc-backed-datarank-raises-1-4m-for-its-online-analytics-platform-for-brands/| url-status = live}}</ref> In 2016, the City of Fayetteville announced its intention to become "The Startup City of the South" and work on further development of the entrepreneurial ecosystem. This endeavor is fostered through support from the University of Arkansas and non-profit initiatives such as the Walton Family Foundation and Community Venture Foundation.<ref>{{Cite web|url=https://talkbusiness.net/2016/12/fayetteville-civic-business-officials-seek-to-become-startup-city-of-the-south/|title=Fayetteville civic, business officials seek to become Startup City of the South|date=December 6, 2016|website=Talk Business & Politics|language=en-US|access-date=January 9, 2019|archive-date=January 10, 2019|archive-url=https://web.archive.org/web/20190110014152/https://talkbusiness.net/2016/12/fayetteville-civic-business-officials-seek-to-become-startup-city-of-the-south/|url-status=live}}</ref>
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