The campus is located adjacent to the Penn State Milton S.Hershey Medical Center and College of Medicine, an academic medical institution that is undertaking approximately $100 million annually in research, thereby providing a pipeline of opportunities for collaborations and partnerships between academia and industry. In fact, although no formal relationship exists between HCAR and Penn State University, the Penn State College of Medicine’s Department of Pharmacology and the Penn State College of Medicine’s Technology Development Office are the anchor tenants of Building One.
HCAR is designed to provide very flexible, below metropolitan-priced, state-of-the-art facilities and amenities that have the ability to meet the unique needs of high technology companies. In providing wet and dry lab space as well as traditional office space, the research park is filling an unmet regional need.
The research park is a project of Maryland-based real estate development firm, Wexford Science & Technology. Supporting organizations include the Harrisburg Regional Chamber and the Capital Regional Economic Development Corp., and the Life Sciences Greenhouse of Central Pennsylvania, an organization that was formed to provide start-up money and business support services to early-stage life sciences companies. The land on which HCAR is built is in the heart of the Harrisburg Market Keystone Innovation Zone and is owned by Hershey Trust Company as Trustee for the Milton Hershey School.