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Date ArticleType
12/6/2016 General
Little Rock Technology Park Announces Phase 1 Tenants

The Little Rock Technology Park has signed its first set of tenant agreements in anticipation of the Phase 1 developments opening March 1, 2017. The multi-tenant, 38,000 square facility, currently under construction, will be home to technology-focused entrepreneurs, startups and established companies in the 400 block of Main Street in Downtown Little Rock.

Venture Center
The Little Rock Technology Park’s first lease space tenant already plays a key role in the strategic plan to be more than just office space. A LR Tech Park tenant since January 2015, the Venture Center’s ability to support entrepreneurs, run valuable networking and community building events as well as the integration of their highly successful FinTech (financial technology) accelerator make them a natural partner in the expanded Main Street space. Over the past two years, the Venture Center has supported the creation of 153 new jobs in Central Arkansas, and their member companies have raised a collective $6.78 million.

This past summer, the Little Rock Tech Park provided space for the Venture Center run, FIS sponsored FinTech Accelerator out of the LR Tech Park @ 107 space on Markham St. Plans are for the two planned accelerators for 2017 to be hosted in the new facility. The Venture Center team is already taking applications in preparation to bring the next wave of innovators to Little Rock.

Phase 1 furnished space tenants include:

  • Corporate Insight Strategy
    CIS provides a corporate maturity assessment platform designed to speed corporate growth and reduce risk of mergers and acquisitions
  • iDatafy 
    iDatafy builds contributory database solutions that help companies fight fraud and improve marketing efficiencies
  • Labscoop
    Developers of a a science eCommerce engine designed to drive lab efficiency and savings via ordering and inventory management tools
  • LumoXchange
    LumoXchange is a currency exchange marketplace for global peer-to-peer payments
  • PC Assistance
    Technology Consulting Firm for small and medium businesses specializing in Cybersecurity, Network Management and full IT Managed Support
  • PFITR
    The Kelly Blue Book of fixed income securities using technology and education to empower institutional investors to better manage their portfolios
  • Redoxica
    Manufacturer of biotechnology and medical device products
  • Sparkible
    Sparkible builds data-focused online marketing co-ops for affiliate groups
  • Mary Lewis
    Executive Director of Accelerate Arkansas
  • Clay Simmons, Comcast
    Senior Manager, Software Engineering & Development

LumoXchange, previously of Atlanta, GA and PFITR, headquartered in St. Louis, MO are new to the market after successful exits from the aforementioned FinTech accelerator. LumoXChange subsequently formed a partnership with Arkansas’ Bear State Bank to grow its product. PFITR is taking advantage of Little Rock’s depth of bond market and institutional investing knowledge while seeking clients coast to coast.

Not including the Venture Center’s 1,955 rentable square feet, the facility’s furnished space is 65% reserved with more tenant announcements coming in the very near future. The placement of these companies equates to nearly 50 combined technology-focused jobs set to operate out of the Phase 1 buildings on day one.

The Little Rock Technology Park’s space includes facilities for startups and established technology-focused tenants and will include a retail coffee shop on the first floor. The Little Rock Technology Park’s mission is to serve and support a burgeoning technology industry with state of the art space, conference facilities, dedicated 1 GB internet and onsite parking with the premise to foster the growth of the area’s technology community.

Remaining availabilities range from coworking desks, small 1-2 person suites and two 5,800 square feet full floors that may be broken down into smaller suites depending on tenant needs.

The Little Rock Technology Park Authority (“LRTPA”) is a nonprofit public corporation of the state of Arkansas formed in 2011 to acquire, develop and manage a researchtechnology center in Little Rock, Arkansas. The projected five phase project has been financially supported by sponsors: University of Arkansas for Medical Science (UAMS), University of Arkansas at Little Rock, the City of Little Rock as well as Arkansas Children’s Hospital. The citizens of Little Rock endorsed the development by approving a sales tax allocation that will provide $22,000,000 in capital funding disbursed over the period 2012 – 2021.

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