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: , , , , , , ,


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

  • 'Photographing Frida,' the artist as art: coming to the Arts Center

    Frida Kahlo was every much an artist as her on-again, off-again husband, Diego Rivera, but her personal glamor has gotten as much, if not more, attention as her paintings. The Arkansas Arts Center is exhibiting images of the artist in "Photographing Frida," opening Feb. 1.
    • Jan 21, 2019
  • Rally for Reproductive Rights on Saturday: UPDATE

    The annual Rally for Reproductive Justice will be held on the Capitol steps at 1 p.m. this Saturday, Jan. 19. Keynote speaker will be Pamela Merritt, the co-founder of Reproaction, and others on why these bills are hurting, not helping, women and their families.
    • Jan 17, 2019
  • A skeptical take on psychology and men

    Gene Lyons gets literary in his most recent column's leadup to a critique of a new psychological theory on the toxicity of manliness.
    • Jan 15, 2019
  • More »

Readers also liked…

  • Is Arkansas in or out on Kobach voter data effort?

    The Washington Post has published a map that counts Arkansas as among states that will "partially comply" with a sweeping request for voter data by the so-called election integrity commission set up by Donald Trump in an effort to cast doubt on Hillary Clinton's 3 million-vote popular defeat of him in 2016.
    • Jul 2, 2017
  • Greenbrier's paddling of student protester goes worldwide

    The paddling of Greenbrier High School students who joined in te national school walkout Wednesday has produced headlines worldwide.
    • Mar 17, 2018
  • Rep. Mary Bentley's website now supports gay rights

    Somebody has cybersquatted on Republican Rep. Mary Bentley's website, replacing her messaging with a call for equal rights for LGBTQ people.
    • Jul 18, 2017

Slideshows

Most Recent Comments

 

© 2019 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation