A news conference is scheduled later this morning at the Little Rock Regional Chamber of Commerce to formally announce a corporate move first reported earlier this week in the Arkansas Democrat-Gazette.
Inuvo and Privacy Star, technology companies both currently in downtown Conway, are expected to move into space in D-G Publisher Walter Hussman’s Museum Center in the River Market District.
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A story in the Log Cabin Democrat in Conway details how the move apparently was inspired in part by difficulties getting expansion of space in Conway in a building also occupied currently by the Conway newspaper.
It’s a good addition to downtown Little Rock. It is also one of those unhappy times where a corporate welfare handout helped propel companies (Inuvo does Internet marketing and Privacy Star develops smart phone apps) into one Arkansas location and then they decamped for another. If Conway local agencies helped pave the way, they might be more disgruntled.
It is also an indication that fancy “tech parks” and government handouts aren’t always a necessity for company moves. Sometimes you just need plenty of available space. There’s plenty in downtown Little Rock.
Hurry the day when free market capitalists operate solely on the free market and not government handouts. No word yet if Little Rock offered any incentives to draw the Conway businesses here.
Former Acxiom CEO Charles Morgan, who’s CEO of Privacy Star and on the board of Inuvo, said the companies employ more than 100 and the move is in keeping with his advocacy of development of a tech park in downtown Little Rock. Rich Howe, CEO of Inuvo and also formerly at Acxiom, said he was confident the move to Little Rock would spur growth.