A year ago I blogged about the $5 million dollars that Richmond had available to promote high-tech business growth in our city.
An article in Sunday's Palladium-Item reports that the City of Richmond is proposing to use the funds to purchase 14 acres of land and buildings on the city's northwest side, which they will use to create a space for technology entrepreneurs.
For the record, as someone who created a technology business in Richmond, I'm against this use of the Certified Technology Park funds as it's currently described.
There are a lot of things that technology entrepreneurs in our community could benefit from, but a new physical space is generally not one of them. There are myriad available buildings already suitable for businesses of all kinds - retail, office, manufacturing, etc. With the advent of cloud computing, global distribution systems and other niche service providers, few tech start-ups have specialized space needs.
Not the least of the existing structures is the Uptown Innovation Center, originally designed and built to - you guessed it - house technology entrepreneurs looking for space to get their business up and running. I supported that effort and it's a great space with some great possibilities, but as far as I know, that building has not exactly operated at capacity in its lifetime, and when it has come close it's not been with high-tech businesses.