South Jersey Technology Park to Offer Home to Research, Business InitiativesFebruary 04, 2005
Rowan University expects to break ground this spring on the South Jersey Technology Park at Rowan University, designed to provide competitively priced, state-of-the-art facilities for start-up and established companies to bring innovative technologies to the marketplace.
Conveniently located at the Rts. 55 and 322 interchange in Mantua Township, approximately a mile from Rowan?s main campus in Glassboro, the Technology Park is expected to be a focal point for regional economic growth as it facilitates science and technology initiatives. The mission of the Technology Park is to establish a technology-based entrepreneurial economy; expand and strengthen the unique research and learning environment of Rowan University; and create value for its surrounding communities in their economic, physical and social development.
?Our goal is to attract, build and sustain knowledge-based companies that will help diversify the region?s economy by creating quality employment opportunities for students, faculty and area residents,? said Dr. Donald Farish, president of Rowan University. ?We envision this Technology Park as the home for researchers, inventors and entrepreneurs who will develop their projects in Gloucester County and make a difference throughout the region.?
The only suburban, university-based research park in New Jersey, the Technology Park is a public/private partnership that has received support from numerous organizations and individuals. In 2001, the New Jersey Economic Development Authority awarded Rowan a grant of $5.8 million to establish the Technology Park, which was incorporated in 2002 as a non-profit corporation. The Rowan University Foundation contributed $1 million to the project later that year. In June 2004, the Delaware River and Bay Authority Commissioners unanimously passed a resolution to approve $5 million in funding for the Technology Park. The New Jersey Department of Community Affairs awarded the Technology Park a $150,000 Smart Growth Planning Grant.
The University City Science Center, based in Philadelphia, helped develop the strategic plan for the Technology Park, and architectural planning firm Wallace, Roberts and Todd, in Philadelphia, developed a preliminary master plan for the 188-acre mixed Technology Park campus, which will be an integral part of the proposed 580-acre Rowan University West Campus.
In January 2004, the Technology Park board of directors signed an agreement with Lincoln Property Company, of Texas, to serve as developer for Phase I, including the first 50,000-square-foot building for which ground will be broken this spring. Lincoln Property has been involved with many local projects, including Penn Mutual Towers and 1760 Market Street in Philadelphia and the RiverWinds community center in West Deptford.
From small start-ups with modest needs to established technology firms seeking thousands of square feet of build-to-suit laboratory space, the Technology Park is being designed to respond to the demands of a rapidly evolving economy. Phase I development will commence in spring 2005 with groundbreaking on the 45,000-square-foot Innovation Center, with office, wet-laboratory and incubator space available for occupancy in summer 2006. Build-to-suit opportunities are available immediately for firms seeking 20,000 to 100,000 square feet of laboratory/office space. Complete buildout is projected at 1.5 million square feet.
Tenants at the Technology Park will have access to the research, development and commercialization expertise of the Rowan University engineering and business faculty. In addition, the Center for Innovation & Entrepreneurship, the Management Institute, the Entrepreneurs Forum of Southern New Jersey and the Technology Business Incubator can provide vital commercialization, marketing and business services to tenants.
The Rowan engineering program is recognized as one of the nation?s top engineering programs of its kind. For 2005, U.S. News and World Report ranked the Chemical Engineering, Mechanical Engineering and Civil Engineering programs third, 11th and 12th, respectively. Through its industrial affiliates program, the Rowan engineering program performs joint projects with companies such as Lockheed Martin, L3, Sony Music, Boeing, Johnson Matthey, Campbell?s Soup and others. During the past eight years, external research and development funding from federal, state and private sources to Rowan University has increased by more than a factor of 10 to a value of $8 million a year in 2003.
Dr. Anthony Marchese is project director of the Technology Park. Marchese, a professor of mechanical engineering in Rowan University's College of Engineering, is involved in the initial development of the Technology Park, including pre-construction facility planning; design of the first building; outreach to government, economic development organizations and local industry; internal communication; and fundraising.
On the board of directors are: Mel Baiada, vice chair, president/CEO of Sengen, Marlton; Edward Schoen, dean of the College of Business, Rowan University; Dr. Dianne Dorland, dean of the College of Engineering, Rowan University; Manning Smith III, treasurer, president of Diversified Technology Group Indel, Inc., Rancocas; Dr. Donald J. Farish, president of Rowan University; James Tarangelo, secretary, consultant, Moorestown; Sam Jones, Jr., founder/consultant for SJ Transportation Woodstown; Dr. Philip A. Tumminia, chair, special assistant to the president for advancement, Rowan University; Stanson Nimiroski, senior vice president/Operations, Sony Music Entertainment, Pitman; and Dr. James H. Yoh, president/CEO of Galaxy Scientific, Egg Harbor.