Business Facilities - March 2009 - (Page 18)

Lexington, KY Fuels Biotech with Incentives Lexington, KY is committed to fueling the growth of biotech in the Bluegrass State. Calling Central Kentucky home are Alltech, Coldstream Laboratories, Neogen Corporation and a host of others. Commerce Lexington Inc., the Greater Lexington Chamber of Commerce, partners with the University of Kentucky (UK) and the Kentucky Cabinet for Economic Development’s Department of Commercialization and Coldstream Laboratories, a $17 million Innovation (DCI) to grow, state-of-the-art contract manufacturing facility for small-batch sterile drug recruit and retain biotech products, is located on the University of companies. Commerce LexKentucky’s Coldstream Research Campus, just minutes from the UK campus ington, UK, and Lexington and downtown Lexington. Fayette Urban County Government formed the Bluegrass Business Development Partnership (BBDP), which is funded by the city of Lexington. The BBDP’s goal is to be a one-stop service provider, linking entrepreLexington can claim the title of neurs with financial planning, business plans, funding sources, and real second most educated workforce in the nation (according to Business estate services. Lexington is home to the only Facilities’ annual rankings), trailing research and development business only Seattle, WA. This is due in part park in the state of Kentucky—UK’s to being within 30 miles of 16 difColdstream Research Campus. Cold- ferent institutions of higher educastream, a 735-acre office park, was tion. More than 65,000 students are designed for recruiting high-tech and enrolled in these institutions, gradubiotech companies, as well as univer- ating close to 12,000 annually. sity centers and start-ups. Coldstream offers intellectual capital and resources Strongsville, OH: from UK, as well as infrastructure for Diversity with Room to Grow The City of Strongsville, OH has existing and new companies. DCI aims to recruit, create, and grown from a small village rooted in retain high-tech and biotech jobs in agriculture into a thriving city of the state of Kentucky. Through nearly 50,000 residents with a proDCI, Kentucky created the first ductive and diverse industrial and SBIR/STTR grant match program commercial base. in the country. This innovative iniStrongsville now has four main tiative has attracted the attention of business parks that are home to many new biotech firms. nearly 200 companies and 9,000 The Lexington community offers employees. With more than 450 a wide variety of advantages to com- acres of land available within panies—location being one of them. Strongsville’s business parks, the city B-2 The Bluegrass Region is located at the center of a 31-state distribution area within a 500-mile radius of nearly three-fourths of the nation’s manufacturing employment, retail sales and population. By virtue of this geographic location and Kentucky’s integrated system of statemaintained roads, interstates and parkways, Greater Lexington is within an overnight range of 66% of the U.S. market. Lexington is centrally located at the crossroads of Interstate 75 and Interstate 64. Northwest Iowa Biotech: Strength in Numbers Seven counties in Northwest Iowa have combined forces to attract biotech industries. “As an economic developer, you are always trying to find that point of difference that separates you from the rest of the pack,” A S P E C I A L A D V E RT I S I N G S E C T I O N O F B U S I N E S S FA C I L I T I E S , B I O P H A R M , A N D P H A R M A C E U T I C A L E X E C U T I V E PHOTOS: COURTESY OF UNIVERSITY OF KENTUCKY COMMERCIALIZATION & ECONOMIC DEVELOPMENT has room to grow. A tract of land known as Parcel “D”, located within the Strongsville Business & Technology Park, is the central focus of the city’s development plans. Consisting of 169 acres of undeveloped land, Parcel “D” is the largest municipally owned, green-field plot of land within Cuyahoga County, OH. Strongsville dedicated the acreage as a technology park with the objective of creating a campus-like environment, which would attract technology orientated businesses. In October 2008, The CSC Group, a computer software and data service provider for the medical industry, became the first company to locate within Parcel “D.” The company’s new corporate headquarters is a 48,500- square-foot, environmentally friendly, campus-like facility that provides security for clients’ assets. CSC Group employs more than 130 people at its Strongsville headquarters. Parcel “D” is located within a Foreign Trade Zone and a Community Reinvestment Area (CRA), meaning all real estate improvements are abatable. City planning indicates that Parcel “D” has the capability to hold up to 12 mediumto-large-scale technology oriented end users with the potential of 965,738 square feet of total building space on 98,108 developed acres. These end users would provide between 1,000 and 3,000 new jobs to Strongsville and the region.

Table of Contents Feed for the Digital Edition of Business Facilities - March 2009

Business Facilities - March 2009 Contents First Word Snapshots Corporate Moves: Tennessee Deciphering High-Tech Hubs Industry Focus: Biotech/Pharmaceuticals The Lone Star State Continues to Burn Brightly Pennsylvania is Holding Its Own Corporate Moves: Florida Metro Spotlight: Findlay, OH Advertiser Index Ask the Expert

Business Facilities - March 2009

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