The world has become increasingly globalized in recent decades, and because of that, many Arkansas companies have to think globally to succeed in today’s market. However, due to tariffs and ever-changing geopolitics, companies have had to adapt quickly to stay competitive on the global stage.
“Export has been a key part of our business for over the 30 years that I’ve been here and decades before that,” said Walter Burgess, co-CEO of Power Technology in Alexander.
PTI, which was founded in 1969, designs, develops and manufactures lasers for defense, medical instruments and technology, among other uses. Today, the company exports its lasers to about 35 countries.
As the business has grown, Burgess and his twin brother/co-CEO, William Burgess, could have moved it to one of the coasts but decided to stay in Arkansas for a few factors, mainly the business-positive incentives in the state and the work ethic of the state’s workers.
“We can overcome minor obstacles,” Walter Burgess said. “I think that’s our culture in the state.”…