Research, science and technology parks are catalysts for job creation. As communities look for ways to create jobs and drive economic growth, many are finding innovation to be a key element.
“University research parks are having a major impact on their communities – by creating high-wage jobs,” said Kevin Byrne, AURP President and the Chief Operating Officer of the University Financing Foundation.
One example of this is the Purdue Research Park Network. According to a recent economic impact study, the park network is responsible for a $1.3 billion annual impact for the State of Indiana and “more than 4,000 high-tech, high-quality jobs paying an average annual salary of $63,000 – 65 percent higher than the Indiana average.”
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