On November 21, 2011 representatives from the City of Blue Springs, the Blue Springs Economic Development Corporation (BSEDC) and University of Missouri signed a Letter of Agreement to develop the first phase of the Missouri Innovation Park (MIP), which represents 63 acres and an 80,000 to 90,000 square foot building with MU as the anchor tenant. Once fully developed, the MIP is projected to be home to more than 40 companies employing 3,700 employees with an annual payroll of $190 million.
“The Missouri Innovation Park is a multi-party collaboration and partnership that represents a shared strategy to complement the economic opportunities of the region,” said Brien Starner, Blue Springs EDC President. “With this signed agreement, the first phase of EDC’s partnership with the City and MU will come to life — which is what we’ve all been working toward since 2008.”
With the vision to develop a science and technology park that competitively attracts a knowledge-based workforce to Blue Springs, the MIP will employ the best-in-class business and master planning. The goal of the MIP is to attract firms and employees linked to a scientific, research-based higher education institution with an entrepreneurial spirit.
"The City of Blue Springs and our stakeholders have remained committed to moving the MIP from an economic dream to reality that support's high quality regional growth,” said Mayor Carson Ross. “Thanks to the signing of this Letter of Agreement, we hope to start construction on the new building by September 2012 and be ready to cut the ribbon by the first quarter of 2014.”
Located at the southeast quadrant of I-70 and Adams Dairy Parkway, Phase I of the MIP represents 63 acres fronting the Parkway and Adams Pointe Golf Course, with additional acres planned for future Phases of development. After all phases of development are complete in 15 to 25 years, the MIP will represent $340 million in capital investment.
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