June 29, 2005

Successful ResearchParks

Patricia H.C. ArdigoDirector, Life Sciences Group

CB Richard Ellis

Successful Research ParksSuccessful Research Parks

MedicalHospital Clinical

UniversiUniversity ty

InstitutiInstitutionsons

ResearchResearchInstituteInstitute

Service Related Companies Service Related Companies

R&DR&D

R&DR&D

R&DR&D

Service Related Companies Service Related Companies

R&DR&D

Benefits of a Research HubBenefits of a Research Hub

• Opportunities for faculty and staff

• Employment opportunities for students

• Economic returns for endowment funds

• Stimulate patent licensing revenue

• Foster technology transfer

• Opportunities for faculty and staff

• Employment opportunities for students

• Economic returns for endowment funds

• Stimulate patent licensing revenue

• Foster technology transfer

To a University or Medical Center

Benefits of a Research HubBenefits of a Research Hub

• Increased overall tax contribution

• New job creation / Work force enhancement

• New neighbor retail

• New housing/higher residential value on existing homes

• Strengthened community quality of life

• Donation of equipment

• Contributions to civic projects

• Supported educational issues

• Increased overall tax contribution

• New job creation / Work force enhancement

• New neighbor retail

• New housing/higher residential value on existing homes

• Strengthened community quality of life

• Donation of equipment

• Contributions to civic projects

• Supported educational issues

To a City

Benefits of a Research HubBenefits of a Research Hub

• Improved state image for research

• Development of research corridor, Port St. Lucie to Miami

• Higher development standards

• More effective marketing

• Stimulation of other park development

• Potential for creating a special Office of Bioscience specifically geared toward creating economic development incentives that are attractive to bioscience companies.

• Potential for creating an innovation fund

• New job creation

• Improved state image for research

• Development of research corridor, Port St. Lucie to Miami

• Higher development standards

• More effective marketing

• Stimulation of other park development

• Potential for creating a special Office of Bioscience specifically geared toward creating economic development incentives that are attractive to bioscience companies.

• Potential for creating an innovation fund

• New job creation

To a State

Benefits of a Research HubBenefits of a Research Hub

• Access to students for employment

• Collaborations with universities and medical centers

• Pro-rata shared use of specialty rooms (i.e. libraries, vivariums, special equipment)

• Professorship at research institutions and medical centers

• Access to students for employment

• Collaborations with universities and medical centers

• Pro-rata shared use of specialty rooms (i.e. libraries, vivariums, special equipment)

• Professorship at research institutions and medical centers

To Local Companies

Palm Beach Research ParkPalm Beach Research Park

Be a Part of the Vision, Be a Partner in Success

MedicalHospital Clinical

UniversiUniversity ty

InstitutiInstitutionsons

The The Scripps Scripps ResearchResearchInstituteInstitute

Service Related Companies Service Related Companies

R&DR&D

R&DR&D

R&DR&D

Service Related Companies Service Related Companies

R&DR&D

Palm Beach Research ParkPalm Beach Research Park

A place for:

• Cutting edge innovation

• National and international collaboration and partnerships

• Global connectivity

• Quality Education

• Skilled workforce

• Quality of life environment

A place for:

• Cutting edge innovation

• National and international collaboration and partnerships

• Global connectivity

• Quality Education

• Skilled workforce

• Quality of life environment

Be a Part of the Vision, Be a Partner in Success

June 29, 2005

Successful ResearchParks

Patricia H.C. ArdigoDirector, Life Sciences Group

CB Richard Ellis