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Tech 2020 winding down operations; Pro2Serve among its success stories

Posted at 1:53 pm January 31, 2016
By John Huotari Leave a Comment

Technology-2020-Jan-27-2016

The board of directors for Technology 2020, which is located in Commerce Park in south Oak Ridge, voted Tuesday, Jan. 26, 2016, to wind down operations after more than two decades. (Photo by John Huotari/Oak Ridge Today)

 

Tech 2020—a nonprofit organization that counts Pro2Serve, a technical and engineering services firm, as one of its early success stories—announced last week that it is winding down operations after more than two decades.

Facing increased financial pressures, the Tech 2020 Board of Directors voted Tuesday, January 26, to begin an orderly process to wind down their operations, a press release said. The organization has been focused on technology-based economic development activities in the Knoxville-Oak Ridge region.

Tech 2020 once had 12 to 15 employees or more, but it is now down to less than five full-time employees, said Tom Ballard, past Tech 2020 chair and longtime Executive Committee member who was on the founding board. The organization has one building at Commerce Park in south Oak Ridge and manages a second building, an entrepreneurial center, for the City of Oak Ridge.

Tech 2020 was established in 1994 in Oak Ridge with significant grants from BellSouth, now part of the AT&T enterprise, and others, the press release said. The organization’s initial focus areas were telecommunications and entrepreneurship. One of its early creations was Digital Crossing Networks LLC, which is located in downtown Knoxville.

Pro2Serve is another success story, Ballard said. The company went from a home office to the Tech 2020 building to headquarters in the National Energy Security Center in the Oak Ridge Science and Technology Park at Oak Ridge National Laboratory. The company now has more than 350 employees. [Read more…]

Filed Under: Business, Business, Community, Knoxville, Nonprofits, Oak Ridge, Slider, Top Stories Tagged With: AT&T, Barry Goss, Battelle Memorial Institute, BellSouth, CEG, Center for Entrepreneurial Growth, City of Oak Ridge, Digital Crossing Networks LLC, Don Sundquist, economic development, Knoxville, Launch Tennessee, Mark Watson, National Energy Security Center, Oak Ridge, Oak Ridge Entrepreneurial Center, Oak Ridge National Laboratory, Oak Ridge Science and Technology Park, ORNL, Pro2Serve, Tech 20/20, Technology 2020, Tennessee Technology Development Corporation, Teri Brahams, Tom Ballard, University of Tennessee, UT

Pinnacle Financial Partners to acquire CapitalMark Bank and Trust

Posted at 10:50 pm April 7, 2015
By Oak Ridge Today Staff Leave a Comment

CapitalMark Bank and Trust Oct. 9, 2012

The front of CapitalMark Bank and Trust in Oak Ridge is pictured above on Oct. 9, 2012. (File photo)

 

David Bradshaw will continue to serve as Oak Ridge president

Pinnacle Financial Partners Inc., the second-largest bank based in Tennessee, on Tuesday announced an agreement to acquire CapitalMark Bank and Trust, which has a location in Oak Ridge. The merger is expected to close late in the third quarter or early in the fourth quarter of 2015.

David Bradshaw, CapitalMark’s Oak Ridge president, will become Pinnacle’s city president for Oak Ridge. CapitalMark clients will continue to work with their banker teams, which in Oak Ridge includes Bradshaw and Andy Boyer.

“CapitalMark is excited to partner with an organization that shares our commitment to excellent client service and has demonstrated strong operating performance and a long-term track record of growth,” said R. Craig Holley, CapitalMark’s chairman, president, and chief executive officer. “I strongly believe that, collectively, the two franchises can accomplish more, grow more efficiently, and realize more value for our shareholders together than independently. Since CapitalMark’s founding in 2007, we have focused on businesses and their owners, and we will continue that tradition with Pinnacle.” [Read more…]

Filed Under: Business, Front Page News, Oak Ridge, Top Stories Tagged With: CapitalMark, CapitalMark Bank and Trust, Charles E. Brock, David Bradshaw, Kenneth C. Dyer III, Knoxville, Launch Tennessee, M. Terry Turner, Oak Ridge, Pinnacle, Pinnacle Financial Partners, R. Craig Holley, R. Ryan Murphy III, Robert A. McCabe Jr.

2014 Startup Day emphasizes startup-friendly culture, assets in ET

Posted at 2:24 pm November 23, 2014
By Oak Ridge Today Staff Leave a Comment

Startup Day Logo

KNOXVILLE—Knoxville’s second annual Startup Day kicked off Thursday afternoon at The Standard in downtown Knoxville. The event celebrated the success of Knoxville’s growing startup community and raised awareness about resources that support East Tennessee entrepreneurs.

Among the presenters were Oak Ridge National Laboratory and Tech 2020.

“When most Americans think ‘startup community,’ they think Silicon Valley in California, New York City, or Seattle,” said Knoxville Mayor Madeline Rogero. “It’s significant that East Tennessee is nurturing its startup culture, making resources available to startups, and generally creating a welcoming environment for entrepreneurs. Creating a startup-friendly city will keep and attract talent, capital, and more resources.” [Read more…]

Filed Under: Business, College, Education, Oak Ridge National Laboratory, U.S. Department of Energy Tagged With: Ben Brown, East Tennessee, entrepreneurs, General Graphene, Innova, Ken Woody, Knoxville, Knoxville Entrepreneur Center, Launch Tennessee, Madeline Rogero, Oak Ridge National Laboratory, Pershing Yoakley and Associates, Startup Day, Startup Day 2014, startup-friendly culture, SwiftWing, Tech 20/20, University of Tennessee Business Incubator, University of Tennessee Research Foundation, Vig Sherrill, Vuture

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Classifieds

Public Notice: Comment period extended for Draft EA for Lithium Processing Facility at Y-12

EXTENSION OF THE COMMENT PERIOD FOR THE DRAFT ENVIRONMENTAL ASSESSMENT FOR THE LITHIUM PROCESSING … [Read More...]

Public Notice: Draft Environmental Assessment Available for Lithium Production Facility at Y-12

AVAILABILITY OF THE DRAFT ENVIRONMENTAL ASSESSMENT FOR THE LITHIUM PROCESSING FACILITY AT THE Y-12 … [Read More...]

Availability of the Final Environmental Assessment for the Oak Ridge Enhanced Technology and Training Center (ORETTC) (DOE/EA-2144), Finding of No Significant Impact, and Wetland Statement of Findings

The U.S. Department of Energy (DOE) National Nuclear Security Administration (NNSA) announces the … [Read More...]

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