Research Parks Forming Strategies To Adapt To End Of Building-Boom

Of Building Boom Faced with decreased federal funding and corporate cuts in R&D, science complexes turn to economic development and incubation for help. 'GOOD NEWS': University Park at Southern Illinois University has seen small companies blossom. Research parks, like other facilities that house working scientists, are facing some new economic realities. Growth has slowed since the mid-1990s, government funding of research is down, and corporate tenants are looking to please Wall Street i

| 9 min read

Register for free to listen to this article
Listen with Speechify
0:00
9:00
Share

Of Building Boom Faced with decreased federal funding and corporate cuts in R&D, science complexes turn to economic development and incubation for help.


'GOOD NEWS': University Park at Southern Illinois University has seen small companies blossom.
Research parks, like other facilities that house working scientists, are facing some new economic realities. Growth has slowed since the mid-1990s, government funding of research is down, and corporate tenants are looking to please Wall Street investors by slashing staff. These challenges are making one thing clear to park administrators: Economic viability depends on finding new ways of doing business.

"If the research itself is going down, who's going to want a research park?" says Louis Padulo, president and chief executive officer of Philadelphia's University City Science Center, the home of 140 tenants (including The Scientist). "What are you going to do with a research park?"

Park administrators are exploring several ways to stay ...

Interested in reading more?

Become a Member of

The Scientist Logo
Receive full access to digital editions of The Scientist, as well as TS Digest, feature stories, more than 35 years of archives, and much more!
Already a member? Login Here

Meet the Author

  • Thomas Durso

    This person does not yet have a bio.

Published In

Share
3D illustration of a gold lipid nanoparticle with pink nucleic acid inside of it. Purple and teal spikes stick out from the lipid bilayer representing polyethylene glycol.
February 2025, Issue 1

A Nanoparticle Delivery System for Gene Therapy

A reimagined lipid vehicle for nucleic acids could overcome the limitations of current vectors.

View this Issue
Enhancing Therapeutic Antibody Discovery with Cross-Platform Workflows

Enhancing Therapeutic Antibody Discovery with Cross-Platform Workflows

sartorius logo
Considerations for Cell-Based Assays in Immuno-Oncology Research

Considerations for Cell-Based Assays in Immuno-Oncology Research

Lonza
An illustration of animal and tree silhouettes.

From Water Bears to Grizzly Bears: Unusual Animal Models

Taconic Biosciences
Sex Differences in Neurological Research

Sex Differences in Neurological Research

bit.bio logo

Products

Photo of a researcher overseeing large scale production processes in a laboratory.

Scaling Lentiviral Vector Manufacturing for Optimal Productivity

Thermo Fisher Logo
Collage-style urban graphic of wastewater surveillance and treatment

Putting Pathogens to the Test with Wastewater Surveillance

An illustration of an mRNA molecule in front of a multicolored background.

Generating High-Quality mRNA for In Vivo Delivery with lipid nanoparticles

Thermo Fisher Logo
Tecan Logo

Tecan introduces Veya: bringing digital, scalable automation to labs worldwide