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Innovation Park Restructured!
Ownership of land and buildings within Innovation Park has undergone an exciting change, with Florida State University and Florida A & M University each receiving great opportunities for future development. This restructuring is also paving the way for the Leon County Research and Development Authority to concentrate its efforts on helping to enrich the local economic development environment.
Innovation Park is a research and development park located in Florida’s Capital City. It is located on 208 acres of scenic woods and rolling terrain with building sites available for immediate development.
For the past 25 years, Innovation Park has been the heart of Tallahassee’s technology future. The university-related research park was established as a unique location for technology industry and government scientists to work hand-in-hand with Florida A&M University and Florida State University
Innovation Park is home to a wealth of high-tech and research-based organizations that are creating the technology of tomorrow. Community members represent the university, governmental and industrial sectors. To learn more about the community please click here.
With the technological infrastructure already in place and a positive business climate supported by state and local government, Innovation Park is a prime location for companies seeking an edge over the competition.
Innovation Park Receives Approval for Land Restructuring, Paving the Way for New Development and Job Creation in Leon County
Approval creates a stronger partnership between LCRDA, FSU, and FAMU, with a clearly defined focus for Innovation Park, leading to more innovation opportunities and increased economic development
TALLAHASSEE - The Leon County Research & Development Authority (LCRDA), together with its partners Florida State University (FSU) and Florida A&M University (FAMU), has completed the restructuring of Innovation Park, allowing the Authority to focus on its core missions of commercializing innovative research and technology and creating economic development opportunities for the region. This restructuring is based on a Memorandum of Understanding (MOU) which was signed in November of 2013 by FSU President Eric Barron, FAMU Interim President Larry Robinson and LCRDA Board of Governors Chair, Leon County Commissioner Kristin Dozier. The land transfers in the MOU were approved and facilitated by the Florida Department of Environmental Protection acting on behalf of the Board of Trustees of the Internal Improvement Trust Fund.
“Previously, the Park was required to manage certain responsibilities that took away from its core focus of research and innovation, and this restructuring both creates a clear path forward for the Authority and the Park, while also positioning the Authority to be a key partner in the economic development future of Leon County,” said Commissioner Dozier. “This agreement is only the first step, and all the partners have begun planning for new developments and programs at the Park. I’m excited about what the future holds for the Authority, and I believe our renewed partnership with FAMU and FSU is stronger than ever.”
“Innovation Park has been an important part in the research mission of Florida State University, and has allowed us to build a culture of discovery that can compete for the brightest scientific minds in the world,” said FSU Vice President for Research Gary K. Ostrander. “This new agreement gives us the flexibility to expand on our research successes, maintain our technological edge and create economic development opportunities that will benefit Tallahassee and the rest of the North Florida region in exciting new ways.”
Larry Robinson, Ph.D., Interim President Florida A&M University agrees saying “this agreement represents a significant moment in FAMU’s rich history. Acquiring ownership of the Centennial Building and the 26.8 acres of land transferred from Leon County and the LCRDA will allow us to expand our research, business development and community outreach activities. It also better enables faculty to compete successfully for research awards and allows us to attract top students and faculty from around the nation. Providing state-of-the art facilities to conduct world-class research and engage in entrepreneurial activities will lead to positive economic impacts in Leon County and the State of Florida.”
The MOU created a framework for the continued operation of Innovation Park and ensures that the partners’ commitment to providing a common campus will create an environment that fosters ideas and innovations which translate into commercial application. FSU and FAMU each received approximately 17 acres of developable land in Innovation Park. In addition to land on which FSU has already developed buildings it owns, FSU received the Sliger and Shaw Buildings, while FAMU received the Centennial Building. The LCRDA retained 5 buildings, several properties leased to private companies, and approximately 19 acres of developable land in and adjacent to the Park.
“Now that the restructuring is completed, we are very eager to move forward with the continued development of Innovation Park,” said LCRDA Executive Director Ron Miller. “We are working in earnest to create a strategic plan and development concept that will help transform Innovation Park into a more vibrant center for research and technology commercialization.”
Innovation Park of Tallahassee has been the hub of scientific research in North Florida for decades. The university-based research park is overseen by the Leon County Research and Development Authority. Among the partnerships highly valued by the LCRDA are those with Florida State University, Florida A & M University, and Tallahassee Community College, as well as those with governmental and industrial sector representatives. The LCRDA is governed by a nine-member Board of Governors with representatives appointed by Leon County, the City of Tallahassee, Florida State University, Florida A&M University, and Tallahassee Community College.
The mission of the Leon County Research and Development Authority is to work in affiliation with Florida State University, Florida A&M University, and Tallahassee Community College to:
- Promote scientific research and development activities.
- Foster economic development and broaden the economic base of Leon County.
The Leon County Research and Development Authority owns and manages Innovation Park by an appointed Board of Governors, comprised of prominent business and community leaders, working together to guide the growth and development of Innovation Park.
Board of Governors
Chair: Kristin Dozier, Leon County Commissioner
Vice-Chair: David Ramsay, (Retired, SunTrust Bank)
Treasurer: Tom Allen, Capital City Bank Group
Keith Bowers, Alternate Designee, Florida A&M University
Timothy Edmond, The Edmond Group
Dr. W. Ross Ellington, Alternate Designee, Florida State University
Dr. Shawnta Friday-Stroud, Florida A&M University
Nancy Miller, City of Tallahassee Commissioner
Kimberly Moore, Alternate Designee, Tallahassee Community College
Dr. Jim Murdaugh, President, Tallahassee Community College
Holly Newell, Florida State University