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Tech-Led Economic Development

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Tech-led Economic Development

Technology-led development is the foundation of the economy and the quality of life it supports. Universities, communities and companies partner in various ways to apply their resources to advance the tech-led economic development objectives. The partners of George, Henry, George Partners continue to work closely with them in this effort. Research assessment, feasibility analysis, financing and organizational strategies and continuing implementation support are among the tools they use to work closely with top leadership to achieve impressive results

For a printable copy of our Tech-Led brochure, click here


Services

Research Resource Assessment

Market Demand and Marketing Strategies

Location and Site Assessment

Feasibility Analysis

Optimum Financing Approach

Organization and Governance

University "Value Added" Policies

Technology Transfer Policies and Approach

Continuing Implementation Services


Recent Clients

Illinois Institute of Technology

Ohio State University

Mississippi State University

Maryland Technology Development Corporation

Los Alamos Research Park, NM

Scranton/Lackawanna County, PA

Delaware State University

City of Denver

University of Georgia and Medical College of Georgia

Auburn University

University of Maryland-Baltimore

City of Cleveland

UNC-Greensboro/ NC A&T University

City of Sioux Falls, SD

City of Dayton, OH

Tech-led Economic Development Services:

Research Resource Assessment
Evaluates key researchers, their grants and their relationships with potential corporate tenants for the park.

Market Demand and Marketing Strategies
Combines the research resource assessment and our comparable research park marketing experience model to predict floor space absorption. Recommends relationship marketing program, needed collateral and other features.

Location and Site Assessment
Considers site characteristics and essential interrelationships with researchers, as well as availability. Recommends the properties which will best support the development program.

Feasibility Analysis
Revenue estimates from the market analysis and cost estimates from the development planning are input into our research park financial model used to determine cash flow and financial requirements.

Optimum Financing Approach
Potential financing sources are identified, based on comparable research park experience, and their availability explored. Recommends alternative financing approaches to meet capital and operating needs. The recommendation of financing approaches for speculative multi-tenant buildings is an important part of the services, including optimum use of creative private developer financing approaches.

Organization and Governance
Successful approaches from other parks are tested with the key participants in the subject park. The optimum approach is recommended.

University "Value Added" Policies
Potential park tenants seek committed access to university faculty, facilities and services. Creating this "Value Added" approach requires both new and revised policies, which we recommend.

Technology Transfer Policies and Approach
Documents the financial and recruitment benefits of effective technology commercialization. Recommends the staffing and procedures which will be most cost effective.

Continuing Implementation Services
These services include: working with local leadership in putting the implementation organization in place; identifying, screening and attracting key staff; gaining agreement on the operating and capital financing approach; identifying and assisting staff in contacting high potential marketing prospects; and other services as needed.

Virginia Biotech Center, Richmond18th and Vine Cultural CenterRed Lion Row, Georgetown University Housing