Research parks have proven to be a strong source of job growth due to the collaboration among private companies, higher education, federal labs and nonprofit R & D institutions.
- Research parks lead to the growth of existing companies, the creation of new companies and the commercialization of intellectual property.
- More than 300,000 workers in North America work in a university research park.
- The typical park has 750 employees. Every job in a research park generates an average of 2.57 jobs in the economy.
- University research parks in North America encompass more than 47,000 acres and include 124 million square feet.
- At full buildout, these research parks will include 275 million square feet of space.
Source: Characteristics and Trends in North American Research Parks: 21st Century Directions, prepared by Batelle and The Association of University Research Parks, 2007.