What makes Innovation Park of Tallahassee Different?

Innovation Park is home to the largest and highest powered magnet laboratory in the world- The National High Magnetic Field Laboratory (National MagLab). A staple of the Park since 1993, the National MagLab houses a fleet of world-record magnets that help researchers define the properties of new materials, find energy solutions and illuminate the mechanisms that underlie life itself. The MagLab expands the boundaries of scientific knowledge and continues to advance basic science, engineering and technology in the 21st century.

Innovation Park is also a global hotspot for energy, aero-propulsion, advanced power systems, superconductivity, and high performance materials. Several research institutes in the park are leaders in their industry and have state-of-the-art equipment that most other research institutes don’t have access to.

What is a University Research Park?

A university research park is a community of innovation that includes technology-based organizations and university research institutions. After the Bayh Doyle Act in 1980, that authorized the ownership by universities of technology created through federally funded research, many university research parks were created to help promote the university’s research, and attract companies to locate nearby. The basic concept was that universities would create technology, and then license it to private companies which would create marketable products and services.

The university research park concept has evolved over time to recognize that research and product development is not a linear process. Feedback loops between basic research, applied research, and product development, benefit those who work in close proximity to one another, particularly in a research park setting.  Partnerships between companies, universities and research institutions add value to each organization, and result in commercialization of new technologies, as well as potential new spinoff technologies, and the growth of new and existing companies.

University research parks drive technology-led economic development that in turn creates high wage jobs locally.

Why is Innovation Park the right place for your business?

Engineering-Ready Workforce Fueling Innovation

With over 1040 engineers, Tallahassee has a large concentration of high-tech entrepreneurs helping to elevate the economy in the state of Florida. Leon County has grown to be the home of rapidly expanding, cutting-edge businesses, as well as having excellent intellectual capital with Florida State and Florida A&M Universities. Innovation Park has sites available to lease or build-to-suit, and is ideally situated adjacent to some of the country’s best scientists. To view current leasing opportunities, click here. The Park offers 24/7 access that is easy to reach by Interstate, an international airport, or a regional seaport. The park is serviced with all necessary utilities and offers sites ready for attracting cutting-edge research and development, expandable office space, and light manufacturing. Innovation Park is a collection of innovators, and the ideal tenants to join them include those specializing in the following areas:

  • Magnetics
  • Material science
  • Bio-technology and life/environmental sciences
  • Clean energy
  • Automation, robotics, and micro-electronics
  • Education/university high-tech research
  • Applied superconductivity
  • Advanced areo-propulsion
  • Plasma science & technology

Additionally Florida has a very favorable tax and wage climate including:

  • No state personal income tax
  • No state-level property tax
  • No business inventory tax
  • No corporate income tax on Limited Partnerships and S-Corporations

Tallahassee and the State of Florida have many resources available to help companies start and/or relocate to our community.  To view some available resources, click here.

Florida Center for Advanced Aeropropulsion at Innovation Park of Tallahassee
The FAMU Center for Plasma Science and Technology hard at work with lasers
The High Performance Materials Institute in Innovation Park of Tallahassee