Restructuring of a metropolitan industrial park: case study in Herzeliyya, Israel

The nature and magnitude of the restructuring processes are unveiled in Herzeliyya Industrial Park, a satellite park of metropolitan Tel Aviv. The processes are explored in the context of Israel's recent entry into the post-industrial age and its swift integration into the "global" economy, using survey data of a sample of 104 firms. Since the mid-1980s the park has experienced functional upgrading in a process of "invasion and succession". Upgrading has been accompanied by high "mortality" rates of firms, and by large-scale renewal. Among the attributes reflecting the functional upgrading are the extended spatial reach of firms for clients and joint venturers, and of their organizational affiliations, expanding far beyond the metropolis into the world at large. The newly arriving firms tend to reveal a different set of locational factors than do the veteran ones. Future research avenues are set out.