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Economic activity, recurring operational impacts, direct expenditures


This study is a detailed strategic plan and economic impact analysis for development of a university related research and technology park to be located in Fayetteville, Arkansas. The Arkansas Research and Technology Park (ARTP) is an essential component of the state’s overall strategy for equipping Arkansans to compete in the new economy.

It is critical to the economic vitality of the state that new and different types of employment be created. The ARTP is an effort to jumpstart formation of the knowledge-based economy in Arkansas by creating the clusters of expertise necessary to achieve critical mass in knowledge-based industry. This strategy has been used successfully throughout the nation and the world. In the southeast, examples are the Research Triangle in North Carolina and the Huntsville, Alabama region for air and space industries.