Expected to create 15,990 total jobs
LOUISVILLE, Ky. (Sept. 18, 2014) — The University of Louisville is offering a sneak peak at its still-in-development Belknap Engineering and Applied Sciences Research Park.
The park will include research facilities for the engineering school, offices for applied sciences researchers and space for private companies that want to form partnerships with the university. It will be anchored by the Institute for Product Realization, consisting of a co-creation hub, research and education space, micro-factory and “launch pad” for emerging private companies.
According to a 2012 independent report, the research park will have an overall economic impact to the state of up to $709 million over 30 years and will create up to 15,990 construction, research and development and other jobs.
Infrastructure work is well underway on the 39-acre site, and two flyover ramps providing access to the park are nearing completion. The Kentucky General Assembly provided $20 million toward the $31 million in road and ramp construction associated with the project.