Holden to Visit Hershey Center for Applied Research to Discuss the Research Park’s Expansion
HERSHEY, PA – August 17, 2009 –Congressman Tim Holden (D-PA) will visit the Hershey Center for Applied Research (HCAR), a state-of-the-art research park, today to discuss the growth and expansion of the Park. Congressman Holden will meet with leadership of the Park to discuss the growth of the Hershey, PA Research Park and the role of scientific research as a driver of economic growth.
America's research parks, which are designed to be the meeting grounds for innovation, are particularly well positioned to accelerate our nation's position in the global marketplace. The Hershey Center for Applied Research is helping transition central Pennsylvania from a legacy economy to one that is fueled by innovation.
Recent reports indicate that more than 300,000 people in North America work in research parks. According to a 2007 Battelle report, every job in a research park generates an average of 2.57 additional jobs in the local economy. The same report indicates that nearly 800 firms graduated from research park incubators between 2002 and 2007, while only 13 percent failed.
HCAR has helped attract several exciting companies to the region. These companies are surrounded by our region's innovation ecosystem, which offers access to capital, work force, infrastructure, and business and research resources.
"The Hershey Center for Applied Research is an engine for scientific innovations that have the potential to result in significant human health outcomes," said Congressman Holden. “HCAR’s state-of-the-art facilities provide a collaborative environment that facilitates growth.”
About the Hershey Center for Applied Research?
The Hershey Center for Applied Research (HCAR) provides resident organizations with state-of–the-art facilities and high-value business and research resources that enable growth escalation. In addition to its wet and dry lab facilities and office space in a campus-like setting in Hershey, PA, HCAR provides facilitated access to research expertise, especially in the areas of research discovery, development and commercialization; access to Penn State Milton S. Hershey Medical Center and College of Medicine, a major research institution with amenities that include core facilities, clinical trial participation, researcher sponsorship and research advisers; and assistance in obtaining necessary business resources, like venture capital, human resources, including Penn State M.D.s and Ph.D.s, and access to business advisers. For more information, go to www.hersheyresearch.com.