University Research Parks

About Research Parks in the United States & Canada
Source: Association of University Research Parks

-Currently represent over 41,000 acres of land; have over 2,900 tenants in their parks and employ over 235,000 people. The total capital investment exceeds $9 billion.

-Represent over 94,000,000 million square feet of office and laboratory space, and plan to add another 32 million square feet over the next several years. More than 430 staff manage the parks.

-83% of the parks are not-for-profit entities

-62% have a business incubator component

-Medical/biotechnology is the leading dominant technology

-70% of the parks were established using public funds

-73% of the parks lease their land

-37% of the parks have an operating budget greater than $1,000,000 per year

-61% of the parks use public incentives to attract tenant development

-The majority of the research parks were established in the decades of the 1980's and 1990's