Stanford Research Park
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Stanford Research Park (SRP) is a technology park established in 1951 as a joint initiative between Stanford University and the City of Palo Alto.<ref name="Luger_Page_122">Template:Cite book</ref> It was the world's first university research park.<ref name="Luger_Page_122" /><ref name="Mozingo_Page_166">Template:Cite book</ref> 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.<ref name="about"/><ref>Template:Cite news</ref> It has been called "an engine for Silicon Valley" and "the epicenter of Silicon Valley".<ref name="fc"/>
Facilities
The park covers a Template:Convert area and has 10 million square feet of commercial real estate in an area surrounding Page Mill Road, south west of El Camino Real and extending beyond Foothill Expressway to Arastradero Road.<ref name="fc">Template:Cite news</ref><ref name="pahist">Template:Citation This report also includes a map of the research park</ref> By January 2018, the park's 140 buildings house over 150 different companies<ref name="about"/> and their 23,000 employees.<ref name="wipo"/> It is currently home to companies like Hewlett-Packard, Lockheed Martin, Tesla Motors, Nest, Skype, TIBCO and SAP. VMware is the park's largest tenant as of January 2018.<ref name="about"/> In 2016, SRP contributed an estimated $775 million in terms of economic activity to Palo Alto and approximately $2.4 billion to Santa Clara County. In 2016, SRP contributed more than $45 million in taxes (across local, state, and federal).<ref name="give">Template:Cite web</ref>
History
After World War II, Stanford University found itself in difficult financial circumstances.<ref name="fc"/> But given that it was rich in land, Stanford University Provost and Dean of Engineering Frederick Terman proposed a Stanford-affiliated and R&D-focused business park that would generate income for Stanford as well as tax revenue for the Palo Alto community. Stanford University and the City of Palo Alto partnered to found the park, which was initially named Stanford Industrial Park.<ref name="about">Template:Cite web</ref> In 1951, the initiative was authorized and 209 acres were allocated. In 1953, Varian Associates moved in as the park's first tenant.
In the early days, Stanford tightly controlled development, without the help of an outside developer. It also rigorously screened potential tenants to ensure they were in line with university objectives. By 1956, Hewlett-Packard established its world headquarters in SRP. The park acquired more land as it grew from 40 tenants in 1960 to 100 tenants in 1985 to over 150 by January 2018.<ref name="wipo">Template:Cite web</ref> The name was changed in the 1970s to Stanford Research Park to highlight "the focus of cooperation between the university and the tech companies".<ref name="pah">Template:Cite web</ref> In 1991, the Stanford Management Company was established to manage the university's financial and real estate assets, including SRP.
Controversies
In 2014, the Palo Alto City Council allowed a proposed Template:Convert affordable housing community with 180 units in the Stanford Research Park to proceed, despite protests by neighborhood residents.<ref>Template:Cite news</ref> The community opened in June 2017.<ref name="aff">Template:Cite news</ref> In 2016, Stanford University and twelve of the park's largest companies formed the Transportation Management Association in order to mitigate traffic congestion from employee commutes, noting that it was making companies within the park less attractive to current and prospective employees. SRP lacks a nearby Caltrain station. The group is exploring several options, including "new shuttles, carpool routes and a trip-planning app".<ref name="genn">Template:Cite news</ref>
Tenants
The following tenants currently have offices or laboratories at Stanford Research Park:<ref>Template:Cite web</ref> Template:Div col
- Arc Institute
- Broadcom
- Tesla
- Dupont
- Ford
- HP
- Cooley LLP
- Wilson Sonsini Goodrich & Rosati
- Stanford Genome Technology Center
- Jazz Pharmaceuticals
- Lockheed Martin
- PARC (a Xerox Company)
- MZ
- Electric Power Research Institute
- Foley & Lardner
- Rubrik
- SAP
- StartX
- TIBCO
- Varian
- Rivian
- xAI<ref>Template:Cite web</ref>