Business Parks - Theoretical Background

Economic activities can take place in either a physically scattered manner or in proximity. Companies in physical proximity in a designated area form the business parks. A business park is a site that is designed for economic activities in the field of trade, industry and different commercial activities (IBIS 2002b) Business parks are agglomeration of companies in physical proximity. These features provide certain benefits. Local authorities favor the establishment of business parks to ensure intensive use of land and create strong business environments in their localities. In the private sector, companies receive various benefits from being part of the B. P. First, the agglomeration factor leads to decreased costs for common maintenance services. Secondly, parks with companies in similar sectors benefit from joined marketing activities and increased exposure. Thirdly, B.Ps embodies conditions for synergy between companies. Synergy can be based on activities such as sharing and exchanging of materials and streams, professional knowledge and expertise, etc.business park, growth, public funding