Business
Stillwater technology, research park staff expects slow growth
The goals for the eventual build out of the Oklahoma Technology and Research Park are quite lofty.
Board members and staff hope the site will eventually have one million square feet of office and research space. Oklahoma State University officials think the site is suited to house more than 3,000 researchers.
But, at present, those goals have been revised. Officials had at first hoped the build out would take 15 years. Those have now been revised to about 35 years.
“It’s a slower process than what original planners thought it would be,” OTRP Marketing Manager Josh McKim said.
McKim, who also is Stillwater Chamber of Commerce’s economic development director, was recently named to the unpaid position by the park’s board. He and two other representatives from OSU and the neighboring Meridian Technology Center make up the park’s unpaid staff.
Their selection as staff members for the park were natural, McKim said. They represent the three partners who pay for the park’s maintenance and operations and already were intricately tied to OTRP because of their roles as economic developers.
OSU, Meridian Technology Center and the city of Stillwater each contribute about $20,000 a year to the facility.
Max Kunisch, director of OSU’s Center for Innovation and Economic Development, acts as the park’s operations manager. Meridian Technology Center’s Director of its Center for Business Development Ron Duggins was selected to be the facility’s director.
So far about 100,000 square feet of office space have been constructed and filled at the facility. Tenants include research firms, scientific laboratories, a homeland security research and development company and a licensing company which specializes on radioactive facilities.
Duggins said the research park offers a one-of-a-kind location for the creation and success of startup technology companies. New business owners can hone business plans at the neighboring Meridian Technology Center’s business incubator.
Meridian helps start ups get past the first five years, the most volatile time for a new company, Duggins said. Then the research park comes in to play.
“We envision that is when the tech park comes into play, the next level of service, the next level of high growth activity,” he said.
OTRP is one of two technology parks in Oklahoma, McKim said. It offers more than just a place for companies to build. The proximity of high-value research university like OSU, the amenities and culture of Stillwater and potential for ongoing training make the park second to none, he said.
“You have this tremendous marriage of the three entities, which is really unique,” McKim said.
It is a natural place for companies to spin out of OSU, Duggins said. The facility houses OSU research at its Venture I facility, McKim said, and at least one firm is run by an OSU alum.
- Business
-
-
Economy shows signs of turnaround as Best Buy, others consider Stillwater
Target is interested. Best Buy is coming and Stillwater is positioned for retail growth.
-
Business Watch
Best Buy will open a store in Stillwater this summer
-
Stillwater residents opens crafter's mall downtown
Tonya Nichols loves crafts. It was only logical that she would open a crafter's mall in downtown Stillwater.
- Business Watch
-
Stillwater hotel to be auctioned
On the auction block will be the 139-room Quality Inn in Stillwater and a 138-room Quality Inn in Ponca City. Both properties are managed by a court-appointed receiver.
-
Business Watch
-
From cockpit to Pita Pit
Ray Reyes turned to a franchise restaurant when the commerical airline industry tanked after Sept. 11, 2001.
-
Asking price for MerCruiser plant is $8.5 million
Stillwater's MerCruiser plant is on the market.
-
Longhorns steer Perry rancher to success
Charlene Semkin will soon travel to China to promote longhorn cattle as breed stock.
-
Cascade helps animals overcome fears
Kathy Cascade used the Tellington TTouch method to help Alf, a pit bull rescued from Michael Vick's compound in Virginia.
- More Business Headlines
-


