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Tuesday, September 29, 2009
The North Carolina Biotechnology Center’s planned 24,000-square-foot expansion to its existing Research Triangle Park facility will cost $10.4 million and should be completed by the fall of 2010, the nonprofit organization said Wednesday.
The expansion is intended to help the N.C. Biotech Center support existing and new programs in job creation, entrepreneurship, education and business development. The center says that from 2001 to 2006, the state’s biotechnology industry grew by 18.6 percent.
Arthur Pappas, chairman of the Biotech Center’s board of directors and managing partner of Research Triangle Park-based venture capital firm Papas Ventures, said that the industry contributes $45.8 billion to the state’s economy each year.Read Full Article
posted in: News, North Carolina
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