[7] It is currently home to companies like Hewlett-Packard, Lockheed Martin, Tesla Motors, Nest, Skype, TIBCO and SAP.

[3] In 2016, SRP contributed an estimated $775 million in terms of economic activity to Palo Alto and approximately $2.4 billion to Santa Clara County.

[7] The name was changed in the 1970s to Stanford Research Park to highlight "the focus of cooperation between the university and the tech companies".

In 2014, the Palo Alto City Council allowed a proposed 17-acre (6.9-hectare) affordable housing community with 180 units in the Stanford Research Park to proceed, despite protests by neighborhood residents.

[11] In 2016, Stanford University and twelve of the park's largest companies formed the Transportation Management Association in order to mitigate traffic congestion from employee commutes, noting that it was making companies within the park less attractive to current and prospective employees.