Venture Center new Tech Park tenant | Arkansas Blog

Thursday, December 18, 2014

Venture Center new Tech Park tenant

Posted By on Thu, Dec 18, 2014 at 5:48 AM

The Block 2 Tech Park space.
  • The Block 2 Tech Park space.


Starting in January, the Arkansas Venture Center will be the Little Rock Technology Park's tenant in its temporary space in the Block 2 Building on Markham, where it will offer its pre-accelerator and incubation programs for early-stage businesses and its coding classes. In exchange for use of the space, AVC will pay $20,000 toward the park lease ($6,500) and utilities. Brent Birch, director of the park, said the larger benefit for the Tech Park will be to sustain the current momentum of interest in tech startups while the Tech Park works toward a permanent home and "to show the tech park is happening."

The board of the Tech Park agreed to the arrangement in a special meeting at the Little Rock Regional Chamber of Commerce Wednesday night.

Other revenue will be generated by workspace leases at $150 a month. The city is picking up the tab for the lease of the space through June, a cost of $47,808 for the first half of 2015. July-December renta is estimated at $53,784 and operational expenses at $18,804 for the entire year. The park board anticipates "incubator desk" revenues of $21,600, and that income coupled with AVC's $20,000 should cover all but about $5,500 $44,488 of the 2015 lease cost. if my reading of the budget is correct. AVC head Lee Watson said he has commitments from seven companies to lease desks in Block 2, which was music to the board's ears.

Board Chairman Dr. Mary Good caused a few nervous chuckles when said she wanted AVC to add to its board representatives from park sponsors the University of Arkansas for Medical Sciences and the University of Arkansas at Little Rock. In fact, she said "it is essential" that the tech park sponsors be represented. She even intimated that it could be a condition of the lease before board member Jay Chesshir reined her in, noting the Tech Park board could make no such demand on the private nonprofit AVC. Even Dr. Good laughed, but you could tell she absolutely expects AVC to make room for UAMS and UALR.

Good also suggested AVC investigate the research going on at Arkansas Children's Hospital, which is not a sponsor of the park but has committed funding. Watson and others replied that since AVC's new "full stack" engineering program will be led by Mark Doderer, husband of ACH CEO Marci Doderer, the two entities have a good line of communication open already.


Tags: , , , , , , ,

From the ArkTimes store

Favorite

Comments

Showing 1-1 of 1

Add a comment

 
Subscribe to this thread:
Showing 1-1 of 1

Add a comment

More by Leslie Newell Peacock

  • Matt Damon to portray LR charlatan famed for goat testicle implants

    John Romulus Brinkley is one of Arkansas's greatest frauds, famed for his claim, fatal for some, that surgery to implant goat glands into testicles would restore virility. Thanks to the upcoming movie "Charlatan," we might get to see Matt Damon handling goat gonads, birthmoviesdeath.com reports.
    • Sep 20, 2017
  • Alley parties returning downtown

    The Downtown Little Rock Partnership will host its first Alley Party of the fall at 5:30 p.m. Thursday, Sept. 21, at 409 Main St., in the open lot between the Little Rock Technology Park and KATV. Arkansas Rice Depot and the tech park are sponsors; the Buh Jones band will perform and Stone’s Throw Brewing will serve craft beer and wine. Things will wrap up around 8:30 p.m. The Alley Parties are a project of the partnership to promote life downtown.
    • Sep 14, 2017
  • For pop-up tacos, visit Viva Vegan

    Viva Vegan is now serving its tacos, nachos and Strawberry Cheezecake from 5 p.m. to 8:30 p.m. Fridays from an order window at the in-the-works brick and mortar restaurant it will lease at 4601 W. 12th St., on the corner of 12th and Adams streets.
    • Sep 14, 2017
  • More »

Readers also liked…

Most Shared

  • ASU to reap $3.69 million from estate of Jim and Wanda Lee Vaughn

    Arkansas State University announced today plans for spending an expected $3.69 million gift in the final distribution of the estate of Jim and Wanda Lee Vaughn, who died in 2013 and 2015 respectively.
  • Bad health care bill, again

    Wait! Postpone tax reform and everything else for a while longer because the Senate is going to try to repeal and replace the Affordable Care Act one more time before September ends and while it can do it with the votes of only 50 senators.
  • Sex on campus

    Look, the Great Campus Rape Crisis was mainly hype all along. What Vice President Joe Biden described as an epidemic of sexual violence sweeping American college campuses in 2011 was vastly overstated.
  • The inadequate legacy of Brown

    LRSD continues to abdicate its responsibility to educate poor black students.

Most Recent Comments

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation