The Idaho State Board of Education formally approved the Idaho State University (ISU) Research and Business Park in September 1985. A $300,000 Community Development Block Grant (CDBG) was awarded to the city to fund the initial infrastructure improvements of the joint development project between ISU and the city of Pocatello. In August 1986, the Park was formally dedicated and opened for development under the direction of the Office of Economic Development at ISU.
For the initial development phase of the Park, 77 acres were made available with access to the infrastructure improvements. Overall, well over 300 acres make up the actual boundaries of the Park, which stretch from Buckskin Road on the north, to Barton Road on the South, and American Road on the east to Interstate 15 on the west.
The Idaho State University Business and Technology Center (BTC), a 17,000 square foot small business advanced technology incubator built in 1988, was the Park's initial tenant. The facility has housed economic development agencies, entrepreneurial start-ups, corporate science-related spin-offs, and both public and private research laboratories.
The Idaho State Veteran's Facility relocated their administrative offices from the BTC to a full-fledged nursing home facility on the ISU Business and Research Park in 1992, thereby becoming the Park's second structure.
Ballard Medical Products located their 200,00 sq. ft. surgical supply manufacturing company on the ISU Research Park in July 1996.
The Southeastern District Health Department moved from its previous
location on Memorial Drive to become the Park's fourth structure in 1998.
In April 1999, the 16,000 square foot Idaho Accelerator Center (IAC) formally dedicated. The IAC provides opportunities for radiation science, accelerator applications and research.
The most recent addition to the park is the $4.5 million Engineering and Research Center opened by AMI Semiconductor on May 2003.