The Little Rock Technology Park Authority was created in 2007, under enabling legislation passed by the Arkansas General Assembly as Act 1045 of the 2007 Session. The Authority is sponsored by the University of Arkansas at Little Rock (“UALR”), University of Arkansas for Medical Sciences (“UAMS”), and the City of Little Rock under a Memorandum of Agreement dated September 10, 2010.
The Little Rock Technology Park Authority (“LRTPA”) is a nonprofit governmental unit formed in 2011 to acquire, develop and manage a research-technology facility in Little Rock, Arkansas. The LRTPA is governed by a seven-member Board of Directors appointed by the sponsors. The Director reports to the Board of Directors through the board chairperson. The citizens of Little Rock endorsed the tech park development by approving a tax which will provide $20,000,000+ in capital funding allocated over the period 2012 – 2021.
Key Benefits of the Little Rock Technology Park
Fostering economic growth and regional competitiveness through our facilities in Downtown Little Rock.
Phase 1 opened in March 2017 in downtown Little Rock after 11 months of construction. The development consists of two renovated nearly 100 year old buildings designed to form an integrated environment for start-up and mature technology companies. The facility opened with 12 initial companies and by the end of the first quarter 2018, over 40 companies call the Little Rock Technology Park home. Wittenberg Delony & Davidson of Little Rock served as design architect on the project with Little Rock's East Harding Construction as the contractor.
Phase 2 is currently in early stage planning mode and is targeted to be combination of wet/dry lab space plus office. UAMS, UALR and Arkansas Children’s Hospital (“ACH”) have significant and growing research activity, which will provide opportunities for commercialization and new business ventures. The lab facility is crucial to the attraction and retention of biomed and nanotechnology companies and talent to the Little Rock region.
Additional details on the phased development can be found here.