Fredericton: Fredericton-based Knowledge Park is drawing a roadmap for the future with the launch of its first long-term strategic development plan this week. Today is an exciting time for Knowledge Park, the City of Fredericton and the Province of New Brunswick said Dr. Greg Kealey, President of the Knowledge Park Board of Directors. Across North America, Research and Technology Parks have proven themselves a powerful economic development tool. With this long term strategic approach, New Brunswick’s Knowledge Park is setting its sites on ensuring this development meets and even exceeds its economic impact goals.

The development plan map distributed at the media conference illustrated existing and future building projects on the Knowledge Park's current land, now held under a land lease with the University of New Brunswick (UNB), the Hugh John Flemming Forestry Complex adjacent property and an expansion of the UNB lands along Knowledge Park Drive.

The Park Board, says Kealey, is actively exploring the potential for additional Knowledge Park partners, indicating that additional announcements could be expected in the near future. “Over the next six to eight weeks, we will provide more details regarding Knowledge Park projects, the impact the Park will have on our province long term and the development approach and policies that will help ensure the vision can be realised”.

Mayor Brad Woodside congratulates the Park in taking the initiative to develop a vision and a strategy that will benefit Fredericton. “Developments such as Knowledge Park further position Fredericton as the most intelligent community in the world.”

As the community economic development agency for the Greater Fredericton Region, Enterprise Fredericton supports Knowledge Park in its development initiatives. According to chairman of the Enterprise Fredericton board Mark Wies, "Knowledge Park is and will continue to be an integral component for the region's Business Retention and Expansion (BRE) Strategy and the Investment Attraction Strategy." The BRE and Investment Attraction strategies are pillars of the Community Growth Strategy identified as essential to achieving growth and prosperity in the region.

Knowledge Park is a member of the Association of University Research Parks (AURP), a network of 26 research and technology parks across Canada. Dale Gann, President of AURP Canada, says he's impressed both with progress to date and the Park's aggressive long term plans. "In our world, the growth rate of New Brunswick's Knowledge Park is remarkable. The region and the province will enjoy significant benefits from an exciting and achievable vision for essential infrastructure in an economy in dire need of increased innovation and R&D."

Kealey says timing is a factor as well. "When the economy is on a slide, it's an opportune time to strategize and be prepared to take advantage of opportunities as they emerge. Our long term development and partnership strategy will help ensure the Park is well positioned to do just that."

Knowledge Park is an economic development initiative designed to support the knowledge industry in the province of New Brunswick. Its principle objective is to provide cluster opportunities to organizations engaged in research and the application of technologies in such sectors as information technology, biotechnology, engineering, healthcare, forestry, environmental and advanced earning to name a few. Knowledge Park was founded in 1997.

Knowledge Park Master Development Plan

Media Contact:
Laura O'Blenis
General Manager
Direct: (506) 462-5021
Laura.oblenis@knowledgepark.ca
www.knowledgepark.ca