 Trends in Academic Research & University Research Parks
By Jim Damicis
A focus on the knowledge economy in the past two decades has seen an increase in university research parks. These parks are based on the premise that commercial real estate at or near academic institutions, when accompanied by synergies and agreements between academic research institutions and private companies, generate demand for real estate and business development, as well as for the research being conducted. The Association of University Research Parks (AURP) defines a university research park as a property-based venture, which:
- Master plans property designed for research and commercialization
- Creates partnerships with universities and research institutions
- Encourages the growth of new companies
- Translates technology
- Drives technology-led economic development.
To better understand the market environment and performance of university research parks, Jim examines trends in academic research and development (R&D).
Click here to read the full article, which was originally published in Expansion Solutions Magazine.
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Economic Development New Year's Resolutions
Some of our staff brought 2013 in with style by making economic development-related New Year's resolutions. To kick off their new endeavors, they each contributed an article related to their resolution:
Resolution: Volunteer in the community and be more active in local organizations.
5 Social Media Tips for Municipalities
Resolution: Be more active on Twitter and to connect with others in the economic development field from across the Country.
Resolution: Learn about best practices for disaster preparedness and economic recovery.
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Featured Indicator: Academic R&D
By: Sam Scoppettone
As a follow up to our November feature on private sector research and development (R&D), this month we turn our attention to research taking place in academia. With more than $61 billion spent by universities in 2010, academic R&D expenditures are much lower than the $282 billion spent by private businesses. We looked at which states have the most academic R&D as a percentage of their Gross State Product (GSP). Maryland placed first with 1.07% followed by Rhode Island with 0.88%. Coming in third was Massachusetts at 0.73%. The top 10 are shown in the chart below.
Why is this significant? Click here to read more and get the data!
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Camoin Happenings
Rob will be attending the IEDC Leadership Summit in Orlando Florida, January 27-29. More information about the 2013 Leadership Summit can be found here. NYSERDA Economic Development Growth Extension Program: The New York State Energy Research and Development Authority (NYSERDA) has selected Camoin Associates to provide regionally-based, economic development outreach and customer relationship services via the NYSERDA Economic Development Growth Extension (EDGE) Program. Our role will be to administer and run the EDGE program to promote the value of energy efficiency, sustainable growth practices, clean energy technologies, and energy-related innovation across New York State. We are partnering with various EDOs across the state to raise awareness and access to various NYSERDA assistance, building a reporting system for outreach activities, evaluating the effectiveness of the program and providing recommendations to NYSERDA for program improvements. |
