Directly, this project will kindle a flame in the local economy so to speak. “When completed, the Insight Park will provide a potential of 2,000 jobs to the area and will be a major node of economic development for the university and the Oxford area,” Assistant Coordinator William Nicholas said.
A portion of the park will be used to lease office space, 12,000 feet to be exactly, along with certain specialized amenities to assist these firms in prospering, according to the park’s website. It states that “30 separate units will be devised and the size in room will vary from 160 square feet to over 1100 square feet including five laboratories.”
Nicholas commented, “ This project is designed to attract small entrepreneurial companies as well as corporate firms interested in working with Ole Miss in key areas of research. In addition, Insight Park will provide opportunities and experience for interested undergraduate and graduate students as well as to UM faculty.”
The park may offer scholarships but certainly will allow students the opportunity to participate in a work-study program for all students. Faculty members may benefit as well with marketing and project assistance available and much more equipment.
These potential businesses will be allowed to relegate university technology, if need be, and may inquire faculty members and rent equipment at a competitive price. According to the website the university holds “40 patents for such equipment and will confer licenses for 15 of these allotted for new businesses and corporations.”
The university as well as the park maintains the sole purpose of catering to these future establishments, subsequently being very flexible within each agreement considered. Companies will have the privilege of sharing new university concepts already grounded through the Mississippi Small Business Development Center.
Several research-based businesses in congruence with the university are already interested but commented that they will refrain from making any action until completion of the structure.
The website stated that 2,000 other jobs will be created indirectly through the construction process as well as others.
The Insight Park will be located adjacent to the Gillom Sports Center on the north side of Highway 6 where the Medicinal Gardens were prior to constructing a new building.
The website stated that 2,000 other jobs will be created indirectly through the construction process as well as others.
The Insight Park will be located adjacent to the Gillom Sports Center on the north side of Highway 6 where the Medicinal Gardens were prior to constructing a new building.
The website stated that 2,000 other jobs will be created indirectly through the construction process as well as others.
The Insight Park will be located adjacent to the Gillom Sports Center on the north side of Highway 6 where the Medicinal Gardens were prior to constructing a new building.
