New $30 million biomedical research park expected to create 175 jobs in Monroe

Press release :

The creation of a new biomedical research park in northeast Louisiana is about to become a reality.

On September 13, the United States Economic Development Administration awarded a $1.8 million U.S. Rescue Plan grant to the Biomedical Research and Innovation Park (BRIP). The grant provides the final funding needed to develop the $30 million facility.

BRIP was established in 2019 as an independent, not-for-profit corporation operating with a Board of Trustees and working in conjunction with the University of Louisiana at Monroe. BRIP will own and operate the park and facilities, and will work closely with ULM and its various colleges.

BRIP’s mission is to support the growth of the biotech industry in North Louisiana by developing a physical center for biomedical start-ups and existing health science companies. Built next to the Faculty of Pharmacy of the ULM, the new cutting-edge research center will serve as a catalyst for cross-collaboration between researchers working in different disciplines. It will strengthen the link between ULM research and entrepreneurs who wish to collaborate beyond traditional academic boundaries and will foster the co-creation of intellectual property.

BRIP plans to build a 60,000 square foot mixed-use laboratory and office building. The $1.8 million grant from EDA, along with funding provided by Louisiana Economic Development, the Ouachita Economic Development Corporation, the State of Louisiana, and a $1.5 million grant from ARPA du Ouachita Parish Police Jury, will provide funding for site development, engineering and road. and research park infrastructure. The State of Louisiana committed $19.5 million in capital expenditures to pay for the building.

Sports facilities:ULM baseball renames field in honor of longtime coach Lou St. Amant

Within five years of its completion, BRIP is expected to create 175 new jobs in northeast Louisiana. It will also offer student internships and faculty collaborations. The building will provide access to a wide range of resources including entrepreneurship training, specialized equipment, wet labs, conference and meeting rooms.

“The majority of drug production for the United States occurs outside of the country,” noted ULM President Ron Berry. “A research park can be an important driver in fostering significant innovation and economic growth in the region and supporting infrastructure for pharmaceutical manufacturing in the United States. One of the main goals will be to improve research through collaboration with industry partners that can lead to improvements in healthcare while creating economic opportunities for the region,” he added. .

“All of our work would not have been possible without the support and collaboration of the University of Louisiana at Monroe, our entire congressional delegation, the Northeast Louisiana Legislative Delegation, Governor John Bel Edwards, of Louisiana Secretary of Economic Development Don Pierson, the U.S. Economic Development Administration, Mayor Friday Ellis, the Ouachita Economic Development Corporation, and the Ouachita Parish Police Jury,” said Joe Holyfield, President from BRIP.

Community building:Herons on the Bayou set to release final 13 heron sculptures, bringing total to 100

BRIP is committed to diversifying Northeast Louisiana’s economy and creating well-paying jobs in the biomedical and health science industries.

“The park will play a key role in the future of the city,” Monroe Mayor Friday Ellis said. “Diversifying our workforce in ways like this, which revolves around research, which revolves around our health sciences at our universities, just makes it more attractive to move here and offers more opportunities to retain our talent.”

During the development of the park, ULM will provide a temporary office suite for the Biomedical Research and Innovation Park at the ULM Incubator.

About Terry Gongora

Check Also

Fighting antimicrobial resistance does not involve miracle drugs

Antibiotic sensitivity test. [iStockphoto] Africa, like other continents, has a problem with antimicrobial resistance (AMR). …