Mission & Visionmicroscope photo

Vision Statement

To encourage economic development in the University Heights Science and Technology Park neighborhood by attracting technology-based and other enterprises to University Heights to create jobs, increase research opportunities and to increase the tax ratable base of the city of Newark.

Mission

To develop office, research, incubator space, community facilities and services and retail space in the park.

The Park is building upon its successes to date; three hundred fifty one thousand (351,000) square feet of office, research and incubator space, unequalled research assets (vivarium, imaging facilities, laboratories, libraries) the creation of 1,000 jobs, the Science Park High School, housing and a day care center, the 70,000 square feet of research space under construction and approximately five acres available for development.

Milestones

UHSTP is a collaborative venture developed through a unique partnership that aligned the institutional leadership of the City of Newark’s higher education institutions with the voice of the community.

UHSTP has been included in the Comprehensive Economic Development Plan and the Land Use Element of the Master Plan of the City of Newark.  It is within the Innovation and  Urban Enterprise Zones of the State of New Jersey.

Federal , State and private financing has been secured for acquisition , planning and development.

UHSTP includes 351,000 square feet of office, research and incubator space completed in five building:  CHEN Building, Enterprise Development Centers (EDC II & EDC III), the International Center for Public Health and its RBL addition.  The 70,000 square foot North American Headquarters of Biotrial, a French clinical research company, is under construction and nearing completion.

UHSTP hosts the largest concentration of incubator companies in the State of New Jersey with over 90 incubating companies.

Over 750 full and part time jobs have been created.

The Science Park High School, a major project in collaboration with the Newark Schools, was completed in 2005.  The school has a 900 student capacity .

Moderate income owner occupied housing was completed in 2002.

UHSTP also includes private development of  234 units-646 beds spaces of student housing.