July 13, 2000
University Park, Pa. --- To highlight the broad scope of activities being carried out at the Penn State research park, its Board of Directors has given the permanent name Innovation Park at Penn State to the 118 acre site.
Penn State President Graham Spanier announced the new name to University Trustees at their meeting on July 13.
The new name reflects the innovative ideas, which form the basis of the growing scope of technology and intellectual property being developed within the University that is being commercialized and brought to the market place. The park provides a prime location where University faculty members and business partners collaborate and access the patent licensing, business incubation, and commercial development services they need to bring ideas to market.
Karen Dickinson, director of the park, noted that there will be an official roll out in the fall for the parks new "identity."
The Universitys Board of Trustees adopted the park as a phased-development project in 1987 to assist in the economic revitalization of the Commonwealth. Phase 1 includes the Technology Center Building, the Penn Stater Conference Center and Hotel, the Materials Research Institute Building and Daybridge Child Care Center. Phase 2, begun on Aug. 29, 1997 with a groundbreaking ceremony, includes the Lubert Building which is already at full occupancy. In addition, a multi-tenant building is under construction for March 2001 occupancy and another multi-tenant building is on the drawing boards. Eventually, Phase 2 will provide an additional entrance to the Research Park when I-99 is completed.
Buildings in Phase 2 are developed and owned by PSRP Developers, Inc. Partners in PSRP include William C. Morlok, president of Morlok Development Group of Philadelphia and Galen Dreibelbis, State College businessman, real estate developer and president of G. Edwards Co., and former Penn State Trustee Ira Lubert, president and principal owner of IL Management, Inc. a marketing/consulting firm. Other development team members include GBQC Architects, Gannet Fleming Engineers and Poole Anderson Construction based in Huntingdon. Gannett Fleming is also a tenant in the park at 101 Innovation Boulevard.
Contact: Barbara Hale at 814-865-9481 or e-mail at