The Research Park at Florida Atlantic Drives $610 Million in Annual Economic Impact

Contact: Abigail Sears

asears@research-park.org

(561) 416-6092 Ext. 104

 

The Research Park at Florida Atlantic Drives $610 Million in Annual Economic Impact

BOCA RATON, FL – (July 30, 2026)— The Research Park at Florida Atlantic celebrates a powerful economic legacy, reporting $610 million dollars in annual economic impact across Palm Beach and Broward counties for the year 2025, highlighting the critical role of the Park’s presence across the region as an economic driver. 

The analysis found that companies located in the Park in 2025 generated $445 million in direct expenditures, which in-turn produced an additional $165 million in indirect economic activity across the regional economy.

The Research Park at Florida Atlantic isn’t just office space: it is a hub where academia and business come together to accelerate innovation. In this unique ecosystem, companies have access to researchers, faculty, students, and other university resources, creating a collaborative environment that transforms research discoveries into real-world solutions.  

The economic driver is home to over 49 companies, ranging from innovative second-stage companies located in the Park’s incubator, Global Ventures, to industry-leading giants. Industries include aviation, AI, healthcare, medical and life sciences, software, cybersecurity, and more. 

As a major employment hub, ventures in the Park supported 1,505 jobs and produced $174 million in labor earnings, with an average annual salary of $115,768, reflecting the high-value, knowledge-based careers fostered within the Park.

“In addition to supporting research and collaboration, the Research Park at Florida Atlantic is  a workforce engine that creates high-paying jobs, brings groundbreaking technologies to our community, and prepares the next generation of innovators,” said Andrew S. Duffell, president of the Research Park at Florida Atlantic. “This report highlights the strength of our innovation ecosystem and the measurable impact it continues to have on our regional economy.”

The statistics and numbers reflected above demonstrate how the Research Park is actively executing its mission to support South Florida’s economic growth by fostering more research and discovery at Florida Atlantic University. 

“These results reflect more than economic impact: they reflect the value of creating opportunities for research, innovation and workforce development that extend beyond our campus and into the South Florida region,” said Stacy Volnick, chair of the Florida Atlantic Research and Development Authority. “We’re proud to support an ecosystem that helps companies grow while strengthening South Florida’s economy.” 

About the Research Park at Florida Atlantic University®

The Research Park at Florida Atlantic University® is South Florida’s premier innovation hub, connecting cutting-edge technology ventures with world-class researchers to turn bold ideas into breakthrough products and services that create career opportunities and accelerate economic development across Broward and Palm Beach counties. Spanning seventy acres adjacent to the Florida Atlantic University campus in Boca Raton, the Research Park has spent more than forty years nurturing companies at every stage of growth, from start-up to unicorn. The Research Park is home to Global Ventures, an international soft-landing center for global second-stage technology companies entering the U.S. market. It serves as a gateway to Florida Atlantic University’s research enterprise and talented academic community. 

The Research Park at Florida Atlantic is governed by the Florida Atlantic Research and Development Authority, an independent special district created by Palm Beach and Broward counties in partnership with Florida Atlantic University, organized under Chapter 159, Part V, Florida Statutes.Read more at researchparkfau.com

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