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: , , ,


Favorite

Comments

Subscribe to this thread:

Add a comment

More by Max Brantley

  • Jared Henderson outlines health goals

    Jared Henderson, the Democratic candidate for governor, has released a list of ideas to improve access to health care and reduce costs, leading with an end to the computer work reporting requirement for participation in the expanded Medicaid program. "Our focus needs to be ensuring that Medicaid funds are spent appropriately and effectively, not making it harder for citizens that need coverage to get it," he said.
    • Sep 18, 2018
  • Tuesday's open line and the daily news roundup

    The open line and the day's news roundup.
    • Sep 18, 2018
  • Bryant High School band withdraws from French Hill campaign rally

    The Bryant High School Band has withdrawn from a planned appearance at a campaign rally Friday for Republican U.S. Rep. French Hill after learning it was a political event.
    • Sep 18, 2018
  • More »

Readers also liked…

  • Trump immigration protest at LR: Quick and fierce

    It was not even 24 hours ago that Sophia Said, director of the Interfaith Center; City Director Kathy Webb and others decided to organize a protest today of Donald Trump's executive order that has left people from Muslim countries languishing in airports or unable to come to the US at all — people with visas, green cards,a  post-doc graduate student en route to Harvard, Google employees abroad, families. I got the message today before noon; others didn't find out until it was going on. But however folks found out, they turned out in huge numbers, more than thousand men, women and children, on the grounds of the state Capitol to listen to speakers from all faiths and many countries.
    • Jan 29, 2017
  • Payday lenders on the march at legislature

    Payday lenders are working hard to get legislative cover for the reintroduction of their usurious loan business to Arkansas. Some are fighting back.
    • Mar 10, 2017
  • Among the last words from Kenneth Williams: 'Finger Lickin' Good Fried Chicken'

    What's purported to be a final-words essay from condemned prisoner Kenneth Williams was distributed today by Deborah Robinson, a freelance journalist in Arkansas.  He reflects on his execution, his victims, reactions of inmates and big servings of fried chicken, which he says are given to all inmates on execution days.
    • Apr 27, 2017

Slideshows

Most Viewed

Most Recent Comments

 

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