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BASIC INFO

The Knowledge Corridor is an urban reengineering initiative that will house important activities related to scientific research and development. The project also pushes forward the transformation of the Puerto Rican economy from manufacture-based to the commercialization of innovation and knowledge.

The Corridor will interconnect existing and future academic and research facilities that will produce valuable knowledge, particularly in the development of new products for international markets.

The Corridor will be made up of more than 2,000 acres (some 8.5 million square meters) situated on a mix of public and private properties, and will cover an expansive area that includes:
  • The University of Puerto Rico’s Rio Piedras campus
  • The University of Puerto Rico’s Medical Sciences campus
  • The San Juan Medical Center
  • The University of Puerto Rico Botanical Gardens
  • The UPR/MD Anderson Comprehensive Cancer Center
  • The UPR Biomolecular Sciences Laboratory
  • The former “Oso Blanco” State Penitentiary, structure that will become a multi-use facility and the center of the Corridor

In order to finance the different developmental stages of the Knowledge Corridor, the Trust is acquiring from the Commonwealth government the property that houses the former “Oso Blanco” State Penitentiary via a land/property transfer.

Benefits for Puerto Rico:

  • The Corridor will allow Puerto Rico to play an active role in commercialization of ideas and innovation, currently a multimillion-dollar international market.
  • It will create more and better employment opportunities for Puerto Rico’s science professionals.
  • It will create opportunities for local and foreign investors. It will also open the door for the development of support businesses such as hotels, restaurants, retail outlets, etc.
  • It will revitalize and strengthen Puerto Rico’s position as the ideal location for biotechnology research, development, and manufacture.
  • It will help retain our science professionals as well as attract talented individuals from all over the world.

Puerto Rico is the ideal place for this type of initiative because:

  • The Island already has proven experience in the pharmaceutical industry.
  • Puerto Rico’s workforce is already familiar with these procedures: 40,000 direct workers and 100,000 additional workers in supportive areas, such as legal services, regulatory processes, and banking.
  • The Island produces 50% of the medical devices sold in the U.S. and over 20 of the world’s leading pharmaceutical companies have either corporate offices and/or manufacturing plants in Puerto Rico.
  • Puerto Rico has a solid transportation network (roads, highways, air and marine routes) and communications infrastructures (telecommunications network, telephony, Internet, etc.).
  • Puerto Rico has the tools that favor corporate investment through a variety of government incentives.