A Megasite or Mega-site is a land development by private developers, universities, or governments to promote business clusters. These organizations develop the land so that it is "shovel ready" for big business, by improving the infrastructure (roads, utilities, landscape, and hydrology). Megasites can be an industrial district, business park, research park, science park, commercial district, tourist park or a combination of these.
Megasites are located in suburban to rural areas, in contrast to business districts located in downtown city centers. These sites are typically created close to pre-existing transportation infrastructure (interstates, railroads, intermodal ports, airports, and rivers) and public utilities (electricity, substations, Three-phase electric power, natural gas, water, sewage, fixed-line, and Broadband internet services from Coaxial cable to fiber-optic and Mobile broadband). It's also located close to human capital such as large populations, universities, or trade schools. Land area for these sites can range from several hundred to several thousand acres.
Memphis Regional Megasite, [1] Golden Triangle (Mississippi), and Research Triangle Park (North Carolina) are examples of government initiated Megasites in America.
CenterPoint Properties, Eastman Business Park, and Denver Tech Center are examples of private Mega-Sites.
Stanford Industrial Park (now Stanford Research Park) was the first university to facilitate a private Megasite, that helped in the creation of Silicon Valley.
Decommissioned military bases have been converted in the past to economic hubs. [2] They repurpose the buildings and redevelop the land while working with and selling/leasing the land to private developers.
Military bases are secessioned from the state, hence they don't have to pay sales taxes at the exchanges. If they were to keep that land partitioned from the state, business and property would be exempt from local and state taxes, making it a boom for business clusters.
Silicon Valley is a region in Northern California that is a global center for high technology and innovation. Located in the southern part of the San Francisco Bay Area, it corresponds roughly to the geographical area of the Santa Clara Valley. The term "Silicon Valley" refers to the area in which high-tech business has proliferated in Northern California, and it also serves as a general metonym for California's high-tech business sector.
Marshall is a city and the county seat of Calhoun County, Michigan. The population was 6,822 at the 2020 census.
Research Triangle Park (RTP) is the largest research park in the United States, occupying 7,000 acres (2,833 ha) in North Carolina and hosting more than 300 companies and 65,000 workers. It is owned and managed by the Research Triangle Foundation, a private non-profit organization.
An industrial park, also known as industrial estate or trading estate, is an area zoned and planned for the purpose of industrial development. An industrial park can be thought of as a more heavyweight version of a business park or office park, which has offices and light industry, rather than heavy industry. Industrial parks are notable for being relatively simple to build; they often feature speedily erected single-space steel sheds, occasionally in bright colours.
Stanford Research Park (SRP) is a technology park established in 1951 as a joint initiative between Stanford University and the City of Palo Alto. It was the world's first university research park. It has more than 150 companies, including Hewlett-Packard, Tesla Motors, TIBCO and VMware; previous high-profile tenants include Steve Jobs's NeXT Computer, Xerox PARC, and Facebook. It has been called "an engine for Silicon Valley" and "the epicenter of Silicon Valley".
A science park is defined as being a property-based development that accommodates and fosters the growth of tenant firms and that are affiliated with a university based on proximity, ownership, and/or governance. This is so that knowledge can be shared, innovation promoted, technology transferred, and research outcomes progressed to viable commercial products. Science parks are also often perceived as contributing to national economic development, stimulating the formation of new high-technology firms, attracting foreign investment and promoting exports.
The Hsinchu Science Park is an industrial park established by the government of Taiwan on 15 December 1980. It straddles Hsinchu City and Hsinchu County in Taiwan.
Tax increment financing (TIF) is a public financing method that is used as a subsidy for redevelopment, infrastructure, and other community-improvement projects in many countries, including the United States. The original intent of a TIF program is to stimulate private investment in a blighted area that has been designated to be in need of economic revitalization. Similar or related value capture strategies are used around the world.
A technopole, commonly referred to as a high-technology cluster or tech hub, refers to a center of high-tech manufacturing and information-based quaternary industry. The term was coined by Allen J. Scott in 1990 to describe regions in Southern California which showed a rapid growth in high technology fields. This term now has a broader scope to describe regions worldwide dedicated to technological innovation. Such regions can be centers of rapid economic and technological growth as a result of agglomeration effects.
A business cluster is a geographic concentration of interconnected businesses, suppliers, and associated institutions in a particular field. Clusters are considered to increase the productivity with which companies can compete, nationally and globally. Accounting is a part of the business cluster. In urban studies, the term agglomeration is used. Clusters are also important aspects of strategic management.
San Mar Gale is an unincorporated community and was a planned development by the Hines-Griffin Land Development Company in Turtlecreek of Warren County, Ohio, United States. This 2500+ home planned unit development was approved by the Warren County Commissioners in February 2006. Zoning approval included a central business district and multi-family housing near the center. A public referendum challenging the approval was placed on the ballot in November 2006, and the Commissioners approval was ratified by voters. Construction was to have begun in 2007, however the development was cancelled as of February 2011.
A residential cluster development, or open space development, is the grouping of residential properties on a development site to use the extra land as open space, recreation or agriculture. It is increasingly becoming popular in subdivision development because it allows the developer to spend much less on land and obtain much the same price per unit as for detached houses. The shared garden areas can be a source of conflict, however. Claimed advantages include more green/public space, closer community, and an optimal storm water management. Cluster development often encounters planning objections.
Innovista is the economic development arm of the University of South Carolina.
The Southern Taiwan Science Park is a science park established by the government of Taiwan. It consists of Tainan Science Park (23.107°N 120.272°E) and Kaohsiung Science Park (22.835°N 120.257°E), covering 2,578 acres (10.43 km2) and 1,409 acres (5.70 km2), respectively.
The Skolkovo Innovation Center is a high technology business area at Mozhaysky District in Moscow, Russia. Russia's lack of entrepreneurial spirit led to government intervention in patents and the limitation of Russian tech companies within regional operations.
Pangyo Techno Valley (PTV) is an industrial complex in the city of Pangyo, Seongnam, Gyeonggi Province, South Korea. It is also known as the Silicon Valley of Korea. The complex focuses on information technology, biotech, cultural technology and fusion technology. One of the benefits of the diversity of fields and businesses is the maximized growth potential in the field of high-tech technology through exchanges between the companies. The location within a major metropolitan area creates synergy effects because of the proximity to other techno valleys or adjacent knowledge-based infrastructure clusters in the province. The business environment of the PTV is supported by the government of the Gyeonggi Province through the implementation of various support facilities as for examples a R&D center or public support center.
Innovation districts are urban geographies of innovation where R&D strong institutions, companies, and other private actors develop integrated strategies and solutions to develop thriving innovation ecosystems–areas that attract entrepreneurs, startups, and business incubators. Unlike science parks, innovation districts are physically compact, leverage density and high levels of accessibility, and provide a “mash up” of activities including housing, office, and neighborhood-serving amenities. Districts signify the collapse back of innovation into cities and is increasingly used as a way to revitalize the economies of cities and their broader regions. As of 2019, there are more than 100 districts worldwide.
BIONIC Hill is the first Ukrainian innovation park being constructed similarly to the Silicon Valley. Estimated project investment is to reach 1 billion US dollars.
The Royal Science and Technology Park (RSTP) is a Swazi public enterprise and science park created to foster the conception of inventions and facilitate their patenting and help knit various elements of the R&D cluster together. It is intended to provide a focal point for research, facilitates the links between research and industrial communities and stimulates the development of knowledge-based businesses through the incubation of techno-preneurship and high-tech enterprises.