MADISON - University Research Park, (URP) established in 1984, located three miles west of the University of Wisconsin-Madison campus, employs 3,400 people. The URP contributes more than $825 million to Wisconsin's economy each year, according to a study: The Economic Contribution of the University Research Park released yesterday. The study also found that the park supports nearly 9,300 jobs statewide, and generates $43 million in state and local tax revenue each year.
“This new study demonstrates the return that's being paid on the creation of University Research Park as part of the University of Wisconsin-Madison's efforts to transfer university-discovered technology to the private sector, where it can be refined and commercialized,” according to Mark D. Bugher, director of University Research Park.
"The results of the URP economic impact study reinforces the priority we've put on technology transfer and fostering the growth of companies born on this campus as a result,” Bugher said.
To read the full, original article click on this link: UW Research Park has $825M statewide economic impact (WTN News)
