News Items from UNC Greensboro

Dr. Albert Link (Economics) received new funding from the DOC Economic Development Administration for the project “The Regional Economic Impacts of University Research/Science Parks.

“The first university research/science parks were founded in the United States in the 1950s, but the growth in university parks did not accelerate until the mid-1980s.  Since then, the rate of park formation has been steady but well below the rate of formation in the 1980s. A distinguishing feature of the more recently established parks is that they are mostly at less research-active institutions, and they are located off campus. It is increasingly important for university research/science parks to demonstrate to their financial constituents and stakeholders their economic impact not only on the university but also on the regional economy and state,” that abstract states. “There is considerable value and there are lessons to be learned from an analysis of the portfolio of tools and metrics that universities do use to demonstrate the economic impact of their parks. We propose to initiate a step forward in this direction by studying the role and impact of university research/science parks on the development of their regional economy.”

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