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…]