New job creation has been slow in coming to Hampton
Roads’ modeling and simulation industry, according
to a recent State of the Region report. Officials at
Old Dominion University think things will begin to change
with the creation of the $80 million Innovation Research
Park @ ODU.
The park will initially include
two five-story, 100,000-square-foot buildings in
the mixed-use University Village on the ODU campus.
More than half of the
space will be rented to high-tech companies that align with the university’s
research objectives. The rest of the space will go to university departments
likely to form partnerships with the private companies.
