James + James
arkansas startups james james
James Smith, 25 and James Eldridge, 25

James + James, a handmade furniture company based in northwest Arkansas, was born out of simple necessity: "We needed money and jobs," said co-founder James Eldridge.

In 2011, while unemployed, James Smith tried his hand at carpentry. He spent $40 on materials and built a coffee table in his garage. He then listed it for sale on Craigslist and watched as orders for other pieces of furniture came pouring in.

Eldridge reached out to his old college friend after seeing a photo of the table on Twitter. They launched James + James in January 2012 in Springdale, Ark.

"Northwest Arkansas is a great place for young people who have have crazy ideas," said Eldridge. "There's lot of startup capital available, and business costs here are low."

The company has grown far beyond the two James's: It now employs 22 people and has already crossed $1 million in sales.

  @CNNMoney - Last updated August 13 2013 08:38 AM ET
Join the Conversation
10 most entrepreneurial states

Thinking about starting a business? These 10 states saw more startup activity than anywhere else nationwide, according to the Kauffman Index of Entrepreneurial Activity.

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.