Horace Cabe (Arkansas Capital Corporation)
Overview
Horace Cabe was a prominent businessman and philanthropist known for his significant contributions to the economic development of Arkansas. As a founder of the Arkansas Capital Corporation, Cabe played a pivotal role in transforming Arkansas's economy from an agricultural base to a more diversified industrial and commercial one. Besides his business ventures, he established the Horace C. Cabe Foundation, providing substantial grants to various educational, healthcare, and cultural institutions in Arkansas and Texas.
Recent Developments
- 2023: Arkansas Capital Corporation continued its impact on the economy, providing over $1.5 billion in flexible financing to support small businesses across multiple sectors. This was in part due to the foundational work of its founders, including Horace Cabe.
- 2021: Arkansas Capital, a company closely associated with Cabe, received $90 million under the U.S. Treasury's New Markets Tax Credit Program to facilitate investments in low-income communities in Arkansas, enhancing the economic landscape further as envisioned by its founders.
- 2020-2018: The Horace C. Cabe Foundation maintained its mission to support nonprofit organizations focused on education, healthcare, and human services, reflecting Cabe's lasting philanthropic ethos.
- Annually: Arkansas Capital Corporation has actively participated in developmental projects, maintaining Cabe's vision of economic growth and providing a robust mechanism for financing industrial expansion.
Personal Information
| Attribute | Information |
|---|---|
| Full Name | Charles Louis (Horace) Cabe Sr. |
| Born | TBD, Gurdon, Arkansas |
| Nationality | American |
| Occupation | Businessman, Philanthropist |
| Known For | Founder of Gurdon Lumber Company, Arkansas Capital Corporation, Horace C. Cabe Foundation |
| Net Worth | N/A |
| Education | N/A |
Early Life and Education
Horace Cabe was born in Gurdon, Arkansas, where he would later establish his entrepreneurial roots. Growing up in a state predominantly reliant on agriculture, Cabe's vision was shaped by a desire to transform and modernize the economic framework of Arkansas. Details about his early education remain sparse, but his subsequent ventures indicate a strong acumen for business and development.
Career and Notable Achievements
Horace Cabe's career is marked by several pivotal achievements:
- Gurdon Lumber Company: Founder and leader, leveraging Arkansas's rich timber resources to establish a thriving business.
- Arkansas Capital Corporation (ACCG): Co-founder, aimed at facilitating financial support for small businesses transitioning Arkansas from an agricultural economy to an industrial one.
- Horace C. Cabe Foundation: Established to grant funds to nonprofits in Arkansas and Texas, focusing on sectors such as health, education, and human services.
- Community Development Initiatives: Through ACCG, Cabe influenced the distribution of $500 million in loans directed towards Arkansas's industrialization efforts.
Current Work and Impact
While Horace Cabe himself has passed, his legacy continues through the Horace C. Cabe Foundation and the ongoing operations of the Arkansas Capital Corporation. The ACC maintains its mission to support economic growth in underserved areas across Arkansas, fulfilling Cabe's vision of diversified economic development. His foundation continues to impact lives through its grants supporting various non-profit initiatives in education, healthcare, and cultural development.
Arkansas Population
In the broader context of Horace Cabe's efforts, Arkansas's population dynamics have played a crucial role. The economic development spearheaded by entities like Arkansas Capital Corporation has influenced demographic shifts, contributing to urban growth and diversification of the workforce in the state.
Mississippi Capital
While Horace Cabe's primary focus was on Arkansas, the broader region, including neighboring areas such as Mississippi, has also been touched by similar economic development models. However, the primary impact of Cabe's work was localized within Arkansas, showcasing his dedication to his home state's progress.
Conclusion
Horace Cabe was a visionary business leader whose initiatives significantly altered Arkansas's economic landscape. Through the Arkansas Capital Corporation and his philanthropic foundation, Cabe left a legacy of growth and opportunity that continues to benefit the state. His work laid the foundation for a diversified economy, enabling growth that matched the evolving demands of the modern industrialized world.