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Stout Technology Park Development Corporation Economic development partners: City of Menomonie University of Wisconsin-Stout Xcel Energy Building Foundations.

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Presentation on theme: "Stout Technology Park Development Corporation Economic development partners: City of Menomonie University of Wisconsin-Stout Xcel Energy Building Foundations."— Presentation transcript:

1 Stout Technology Park Development Corporation Economic development partners: City of Menomonie University of Wisconsin-Stout Xcel Energy Building Foundations for Technology Jobs Lake Superior Business & Technology Conference

2 Development Corporation z501(C) 4 zIncorporated 1989 zOpened in 1990 z11 member board y3 Officers y7 Ex-officio Reps y1 Director 2

3 Strategic Location zI-94 IQ Corridor zProximity to Twin Cities zHigh quality of life zRegional workforce zBaldrige winner zMulti-level incentives zMultiple broadband options 3

4 Benefits to company zHigh Quality Workforce zStaff-training Mini-grants zMalcolm Baldrige quality award partner yAccess to grant/research Opps yClose tie to faculty/students yAdjunct status

5 Benefit to University/Community zReal world lab, opportunity for research zNext-step incubation possibilities zVisible contribution to community zMonthly Tech Talk Business Briefs 7

6 Impact zBuilding valuation over $65 million zAnnual real estate taxes nearly $715,000 zMore than 1,300 people work in the Park zAnnual payroll nearly $50 million zWage impact on community estimated to surpass $232 million annually 6

7 Statistics zTwenty-eight buildings zApproximately 403 total acres zCurrently 180 developable acres yIncludes City and Foundation properties yAvailable Commercial Zone acres = 13 yAvailable Technology Zone acres = 167 zFifty-nine entities conducting business 7

8 Advancing Polytechnic Focus The expertise of UW-Stout faculty, staff, students and other private sector specialists is harnessed to foster discovery and innovation. zFacilitate student learning through research zConnect faculty/staff experts with private sector businesses to solve technical problems and create intellectual property zAssist start-up businesses and assist the community with economic development 7

9 Inspiring Innovation Advance knowledge Enhance student education Produce economic impact Add value to industry

10 SUCCESS UNCERTAINSUCCESS CERTAIN LESS EXPENSIVE MORE EXPENSIVE Applying research Solving challenges Applied research carries product development from basic research to commercialization Product life cycle and collaborative resources drive project efforts Product lifecycle

11 Clients, Business & Industry NeedsResources Technology Real-world lab Support staff Co-op stations Problem solving Technical expertise Training Real-time problems UW-Stout, UW System, Partners Needs Resources Education interaction Faculty, staff, students Staff development Expertise New technology Technology New skills Facilities Bridging the gap and keeping the ball rolling… Discovery Center Results-focused, year-round innovative projects


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