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New report from AURP describes significant impacts of research parks
Research parks in North America impact innovation communities in key areas, including the economy, jobs, occupancy, culture and placemaking, cluster development, entrepreneurship, and development and growth. In its recently released 2025 Economic Impact Report, The Power of North American Research Parks, the Association of University Research Parks (AURP) presents data that shows just how significant these impacts are.
For example, based on past performance, within a single large research park of nearly one million square feet may be located companies and research facilities that generate on average:
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15,700 jobs
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$1.8 billion in GDP
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$974 million in employment income annually
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$206.8 million in federal tax revenue each year
Dedicating land for research parks may enable co-located activities to benefit from proximity to each other and additional nearby R&D and innovation assets. Previous benchmarking research by TEConomy Partners and Perkins & Will indicated that startups in research parks have a 75% survival rate compared to 49% nationally.
Stiletto Consulting Ltd. (Stiletto: Make a Point) partnered with AURP to lead the organization’s 2023 Benchmarking Survey and 2025 Economic Impact Assessment.