Increasing startup and entrepreneurship activity is prompting a big expansion at Purdue Research Park in West Lafayette. Purdue Research Foundation, which manages the 725-acre park, says most of the $12 million, 60,000-square-foot new space at the Herman and Heddy Kurz Purdue Technology Center is already been reserved.
The project is set to be complete in early 2017. PRF President Dan Hasler says "we are literally bursting at the seams with the greater demand from companies for space to build their businesses. Not only is the new expansion more than half filled, we are in talks with other entrepreneurs who are interested in moving into the space or who are already in the park and are expanding their own companies and need even more space."
The largest share of the two-story expansion will be used for office and meeting space, with the rest designed for research and development. Other features include a cafe, co-working space, wet/dry laboratory facilities, a business center and expanded parking.
Purdue says the park is the country’s largest university-affiliated business incubation complex. More than 250 businesses are located in the four-site network, employing around 4,500 workers throughout the state.
The foundation also manages the statewide network, which includes sites in Indianapolis, Merrillville and New Albany.