ERIC Number: EJ724753
Record Type: Journal
Publication Date: 2005-Sep
Reference Count: N/A
The Springfield Technical Community College Technology Park--A Creative Use of Real Estate: Converting a Derelict Property into an Economic Development Engine
Community College Journal of Research & Practice, v29 n8 p599-607 Sep 2005
When Digital Equipment Corporation announced the closing of its facility in Springfield, Massachusetts, the result would have been a vacant 15-acre facility on the main thoroughfare of the city center, as well as the loss of 1,000 local jobs. Instead, through a collaborative effort led by the local community college, this historic site is now the Springfield Technical Community College Technology Park, a vibrant economic development model which pumps $2.5 million into the regional economy each year. The lost jobs have been replaced; an incubator is growing new businesses, and entrepreneurship programs are inspiring the next generation of entrepreneurs.
Descriptors: Real Estate, Historic Sites, Economic Development, Community Colleges, Entrepreneurship
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: Two Year Colleges
Authoring Institution: N/A
Identifiers - Location: Massachusetts