Winrock International, the Arkansas-based national and international economic development organization, announced Tuesday (Oct. 26) it will relocate its headquarters to the Arkansas Regional Innovation Hub, located in North Little Rock’s Argenta Arts District.
The Arkansas Regional Innovation Hub has been part of Winrock International since 2016. The move will take place in 2022.
Winrock said it will upgrade the Hub property to include new office space to accommodate both Winrock headquarters and Hub staff while enhancing program offerings and member services.
Like many organizations in the U.S. and around the world, Winrock adapted to extended remote work beginning in early 2020, it said. Winrock reassessed its real-estate needs after staff surveys found that only 20% of employees want an office space. Winrock’s new remote work policy allows employees flexibility to work from an office or work remotely, either part- or full-time.
Due to the significant decrease in demand for office space, Winrock sold its Little Rock headquarters building earlier this year and determined that its Hub building could be upgraded.
“Winrock’s commitment to Arkansas will never change. We were founded in Arkansas and our headquarters remains here,” said Winrock President and CEO Rodney Ferguson. “COVID-19 created an unexpected opportunity to optimize our real estate based on staff feedback while increasing our investment in the Hub. This greater integration of our Arkansas teams strengthens our competitiveness by positioning Winrock and Hub teams for new opportunities to innovate, collaborate and continue expanding our work in Arkansas and across the U.S.”