CONWAY — An Internet marketing and technology company is moving its headquarters to Conway, creating 50 "highly skilled" jobs, officials announced Thursday.
Inovu's corporate headquarters is currently in New York.
Inuvo will open on the second floor of Federal Plaza in downtown Conway, 1111 Main St., Gov. Mike Beebe and company officials announced at a news conference at the site.
The company says the 50 jobs will be added over four years. Beebe called them "very, very, very high-paying" and "the jobs of the 21st century that all of us want so badly."
Company Chairman and Chief Executive Officer Richard Howe said the jobs would largely pay between $75,000 and $95,000. And, he said, the jobs could come even sooner than four years and could outnumber 50 before long.
"There's a good chance it will grow even more," he said after the news conference, which drew more than 100 community members. "We want to do acquisitions. We're actively looking at that."
About a third of the jobs will be employees transferred into Arkansas with the rest hired in the state, Howe said.
Inuvo makes consumer Internet applications and delivers targeted advertising onto websites. It had revenue of more than $53 million last fiscal year.
The state will provide a $1.75 million grant from the Governor's Quick Action Closing Fund to help with relocation and equipment expenses, an Arkansas Economic Development Commission spokesman said.