University of Arkansas Technology Park To Celebrate 10 Years

Currently 38 companies and nearly 200 employees are based at the Technology Park on the University of Arkansas campus in Fayetteville. | (Photo by Beth Hall)

The University of Arkansas’ Arkansas Research & Technology Park in Fayetteville will celebrate the 10th anniversary of its opening on Thursday.

The park encompasses a total of 126 acres, with three multitenant facilities and three multidisciplinary research facilities comprising roughly 285,000 SF of research and development capacity. More than 20 UA research centers, institutes and labs call the park home.

At the close of the 2014 fiscal year, 38 public/private affiliate companies and 196 employees were based at the park, resulting in a total employment impact of 385 jobs statewide, according to Phil Stafford, president of the UA Technology Development Foundation, which oversees the park.

Based on expenditures by park affiliates for the last fiscal year, Stafford said the park generated $54.7 million in economic activity statewide and $1.8 million in state and local taxes.

Facilities at the park include the Genesis Technology Incubator, the National Center for Reliable Electric Power Transmission, the Engineering Research Center, the High Density Electronics Center, the Innovation Center (skills training, education, research, office and lab space), and the Enterprise Center (office, lab and manufacturing space).