ABOUT THE LITTLE ROCK TECHNOLOGY PARK
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 center (“Center”) in Little Rock, Arkansas. LRTPA is the result of many organizations working together with the common goal of creating an environment serving technology organizations in Central Arkansas. The Center will be developed in a downtown Little Rock Business District location, likely comprised of new and renovated buildings developed to form an integrated environment for start-up and mature technology companies.
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 citizens of Little Rock have endorsed the Center’s development by approving a tax which will provide $22,000,000 in capital funding allocated over the period 2012 – 2021.
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.