Agenda Item 3. University of Maryland Innovation District
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1 Agenda Item 3 University of Maryland Innovation District
2 BOARD OF REGENTS SUMMARY OF ITEM FOR ACTION INFORMATION OR DISCUSSION TOPIC: University of Maryland Innovation District (information item) COMMITTEE: Economic Development and Technology Commercialization DATE OF COMMITTEE MEETING: June 11, 2015 SUMMARY: In its role as a catalyst for Maryland's innovation economy, the University of Maryland has engaged a consultant to assist with strategic planning and visioning for bringing investments to the University Research Park and further developing the Route 1 corridor into a vibrant college and commercial community. The Committee will be briefed on this initiative to diversify revenue streams and foster investments by businesses, philanthropies, and venture capital firms in start-ups, incubators, and programs at the University that can create jobs and spark growth. ALTERNATIVE(S): This item is for information purposes. FISCAL IMPACT: This item is for information purposes. CHANCELLOR S RECOMMENDATION: This item is for information purposes. COMMITTEE RECOMMENDATION: BOARD ACTION: DATE: DATE: SUBMITTED BY: Joseph F. Vivona (301)
3 OUR FEARLESS IDEA: TRANSFORM COLLEGE PARK INTO A TOP COLLEGE TOWN University of Maryland
4 OVERVIEW Our Vision: Transform College Park into a Top College Town The Importance of Partners Our Vision in Three Words Expansion/ReorientaAon of UMD Campus Footprint Enhancement of Academic Campus and Surrounding CommuniAes
5 GREATER COLLEGE PARK
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7
8 DYNAMIC ACADEMIC SPACES A. JAMES CLARK HALL IRIBE CENTER FOR COMPUTER SCIENCE AND INNOVATION COLE FIELD HOUSE ED ST. JOHN LEARNING AND TEACHING CENTER
9 BRENDAN IRIBE CENTER FOR COMPUTER SCIENCE AND INNOVATION
10 A. JAMES CLARK HALL
11 A. JAMES CLARK HALL
12 EDWARD ST. JOHN LEARNING AND TEACHING CENTER
13 EDWARD ST. JOHN LEARNING AND TEACHING CENTER
14 NEW COLE FIELD HOUSE
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16 THE HOTEL AT UMD
17 THE HOTEL AT UMD
18 RENFREW PROPERTIES City Hall Smoothie King Hair Cuttery 7-11 China Cafe Knox Box Leasing Byrd Properties Barking Dog / Arthouse 20,000 SF Surface Lot Little Tavern Site College Park Mail Hookah Bar Insomnia Cookies Nail Salon Marathon Deli Crazy Kabob
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20 MILKBOY at THE CLARICE
21 WHOLE FOODS / CAFRITZ PROPERTY
22 LANDMARK / TARGET EXPRESS
23 TERRAPIN ROW
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25 US 1 US / 1/ BALTIMORE AVE AVE BALTIMORE CAMPUS CORE INNOVATION DISTRICT DOWNTOWN DOWNTOWN COLLEGEPARK PARK COLLEGE METRO / RESEARCH PARK
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27 UMD RESEARCH PARK CURRENT TENANTS Environmental & Earth Sciences NOAA NaAonal Center for Weather and Climate PredicAon UMD/Pacific Northwest NaAonal Lab Joint Global Change Research InsAtute Earth System Science Interdisciplinary Center (ESSIC) Language & NaAonal Security Center for Advanced Study of Language (CASL) NaAonal Foreign Language Center (NFLC) Raytheon Deep Thought 2 Supercomputer Center Intelligence Advanced Research Projects AcAvity (IARPA)
28 UMD RESEARCH PARK CURRENT TENANTS U.S. Government - Food Safety and Agriculture Policy - USDA Animal and Plant Health InspecAon Service - UMD/FDA Joint InsAtute for Food Safety and Applied NutriAon - FDA Center for Food Safety and Applied NutriAon Other - American Center for Physics (ACP) - Fraunhofer Center for Experimental SoXware Engineering - Mid- AtlanAc Crossroads (MAX) - OpAmal SoluAons Group - Technology Ventures Building (TVB)
29 UMD RESEARCH PARK OVERVIEW Approximately 4,000 employees USDA: 1,100 American Center for Physics: 246 NOAA: 800 FDA CFSAN: 765 IARPA: 300 UMD Research Park accounted for 26% of recent construcaon in Prince George s County
30 UMD RESEARCH PARK OUR OPPORTUNITY 124 Acres 1.5M SF Capacity - Build- to- suit & custom design buildings from 30k to 500k SF - Specialized research faciliaes customized to needs - MulAple deal structure alternaaves Walking distance to DC Metro and MARC/shuile services University owned real estate surrounding Hotel Whole Foods and other retail coming online Extending center of campus to BalAmore Ave
31 THE CASE OF FLEXEL Technology spin- off of the University of Maryland 3.55% equity of ownership stake Staying in CP 60 net new jobs 11k SF in Physical DistribuAon Bldg. Financing DBED and Prince George s County
32 THE CASE OF FLEXEL: NEW HOME Physical DistribuAon Center
33 ECONOMIC ENGINE
34
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