State puts $575,000 into Argenta innovation center | Arkansas Blog

Tuesday, February 25, 2014

State puts $575,000 into Argenta innovation center

Posted By on Tue, Feb 25, 2014 at 12:10 PM

click to enlarge ARGENTA CHECK: Gov. Mike Beebe delivered one. - ARKANSAS BUSINESS
  • Arkansas Business
  • ARGENTA CHECK: Gov. Mike Beebe delivered one.
Gov. Mike Beebe was on hand today for the announcement of a $575,000 Arkansas Economic Development Commission grant to the Argenta Regional Innovation Hub.

A building at Broadway and Poplar, North Little Rock, will house the center, which is aimed at encouraging tech startups, STEM education and after-school and summer programs for students.

Arkansas Business has full details. 

The investment provides an opportunity for me to add a comment I received from Grant Tennille, AEDC director, in response to a question about a $200,000 AEDC grant to move utility lines to clear the way for deveopment of two hotels and an apartment project catacorner at Fourth and Rock in downtown Little Rock. I'd received questions about the  state investment in utility work. The Little Rock City Board is supposed to vote today on a $48,500 matching grant. Wrote Tennille yesterday:

This is the kind of project that Economic Infrastructure Fund [part of the governor's surplus money allocation] is typically used to do: utility relocation, rail relocation, water & sewer, etc.

Not sure about what's typical, but in most states where I've done regulatory work, utility relocation is the responsibility of the utility and they pass the cost on to the ratepayers. Don't know what the negotiation with the developer and the utility was in this case, but the city contacted us and asked us to participate with them.

For AEDC, this was an investment in the city center, not unlike the role we played in locating Orbea downtown or the announcement we'll participate in tomorrow in Argenta.

Downtown Little Rock and North Little Rock serve as Arkansas's front door, and where we can, we try to participate in projects, large and small that we hope will have an impact. We've found that downtown Little Rock/North Little Rock has been a huge difference-maker with first-time visitors to our state, looking at Arkansas for business relocation.

Tags: , , ,

Sign up for the Daily Update email


Subscribe to this thread:

Add a comment

More by Max Brantley

Readers also liked…

  • A response to police arrests becomes a tutorial on race, class and policing in Little Rock

    John Walker, the 79-year-old civil rights lawyer, and his associate, Omavi Shukur, 29, a young lawyer devoted to criminal justice reform, talked to press this afternoon about their arrests Monday by Little Rock police for supposedly obstructing governmental operations in observing and attempting to film a routine police traffic stop. It was a tutorial on sharp views of race, class and governance in Little Rock.
    • Sep 29, 2016
  • Donald Trump declares war on Hillary Clinton's marriage

    Donald Trump gave a remarkable interview to the New York Times yesterday in which he declared open season on the marriage of Bill and Hillary Clinton and Bill Clinton's past infidelity. Seems like a loser, but I've been wrong before.
    • Oct 1, 2016
  • The inspiring Hillary Clinton

    Hillary Clinton's campaign for president illustrates again the double standard applied to women. Some writers get it. They even find the supposedly unlikable Clinton inspiring.
    • Oct 16, 2016

Most Viewed

Most Recent Comments

  • Re: Election night open line

    • Georgia Democrats have chosen a black woman as their gubernatorial candidate in the state primary…

    • on May 22, 2018
  • Re: Election night open line

    • the soap opera that has been supplanting the supposed summit between donny45 and kim was…

    • on May 22, 2018
  • Re: Election night open line

    • I saw it, Cato. I guess he is entitled to take some time off, particularly…

    • on May 22, 2018



© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation