I would like to weigh in with my thoughts for Eddie, who submitted the question.
Eddie, it's great that you are in a fast-growing area. I am firm believer that you can find opportunity anywhere, but if you have the advantage of being in an area that's on fire economically, then it makes it a little easier.
The best sources for identifying local opportunities are:
(1) reading the local newspaper, watching the local news and generally keeping your eyes and ears open;
(2) consulting with your local SCORE chapter or Small Business Development Center (SBDC) office; and
(3) checking with State or local economic development officials. For instance, the state of Arkansas has an economic development website, 1800Arkansas.com, which has lists of helpful resources and market research.
A quick review of the site yields a downloadable Arkansas fact book (PDF) with all kinds of business and demographic information:
And on this page you will find helpful links for conducting market research:
Ask around and talk with a lot of people around you in the local area. In those discussions you are bound to uncover some interesting opportunities -- or at least confirm or validate some of the opportunities listed in the blog post referenced.