2009 Feasibility Study for Lake Superior Technology Park and Regional Economic Development
Executive Summary In 2009, the surrounding region and the city of Ashland, WI was seeking economic development through the creation of a Technology Park and development of Regional business infrastructure. The combination of a solid business infrastructure and the development of a new Technology Park would enable Ashland, WI to attract technology entrepreneurs and their respective new developing businesses. Regional area economic growth is the outcome.
The Tech Council Innovation Network – Lake Superior (TCIN-Lake Superior) leads the Technology Park planning effort, the development of the Regional Business Infrastructure, and is a Regional Economic Development Advisor.
The first phase of this project was defined as the · Development of Regional Business Infrastructure · Develop site infrastructure · Develop site maintenance plan · Acquisition of a 40 acre parcel of land within the Ashland City limits · Construction of the first 20,000 sq. ft. building.
The estimated cost of the first phase was to be $5,000,000. Subsequent phases would include continued development and construction on the 40 acre parcel of land. Background Information
The Regional Business infrastructure would be established by the TCIN-Lake Superior Chapter. The Business infrastructure was required to support new and developing regional economic growth. Business infrastructure was defined here as a broad based set of business skills and services.