The concept of the Miami Valley Research Park began in the late 1970's when the Dayton area was reacting to a major industry restructuring. Community and business leaders, together with local university presidents, began discussing the future of the area and the shift in the economy from manufacturing to high-tech jobs. Recognizing that a quick fix was not appropriate, it was decided to create a world-class research park that could recruit research and advanced technology enterprises from business, industry and government to build and operate facilities in the Park.
This concept was embraced by the State of Ohio, which donated 675 acres of under-utilized agricultural land and $20 million to begin the Park.
The Park is interested in attracting advanced technology companies that are involved in one or more of the following activities:
- Applied research
- Basic research
- Prototype development
- Application of technology to a product or service
The Research Park's development is guided by a comprehensive land-use plan, design manual and set of restrictions adopted to provide low-density development (25%) and covenants to assure residents their property values will be protected. Strict performance standards apply and there is a major emphasis on environmentally-sensitive planning. Landscaping is required for the entire site, outdoor storage is not permitted and all utilities are placed underground. Every effort has been made to guarantee a "university campus environment" that will be attractive to employees, aid in employee recruitment and enhance property valued.