Rowan to Break Ground on Technology Park on April 10April 04, 2006
Ground will be broken for the Innovation Center, the first building at the South Jersey Technology Park at Rowan University, on Monday, April 10, at 10 a.m. at the site on Rt. 322 near the junction of Rt. 55 in Mantua Township.
Technology Park board members; Rowan officials; state officials; major donors; legislators; Rowan faculty, staff and students; area mayors, council members and planning board members; and others are expected to take part in the event, which will mark the initiation of the largest business/technology/education venture in South Jersey.
The Technology Park will provide competitively priced, first-class facilities for start-up and established companies to bring innovative technologies to the marketplace. The 45,000-square-foot Innovation Center will include a mix of Rowan University research laboratories, a technology business incubator and laboratory/office space for private technology-based firms.
?This project has the potential to impact South Jersey in many ways,? said Dr. Donald Farish, president of Rowan University. ?We expect to attract a broad range of knowledge-based companies that will create new employment opportunities and help diversify the region?s economy. The Technology Park will be a home for researchers, inventors and entrepreneurs and a place for some of our brightest students to bring their ideas to fruition.?
Located about a mile from Rowan?s Glassboro campus, the Technology Park is expected to be a focal point for regional economic growth as it facilitates science and technology initiatives. The mission of the Technology Park is to establish a technology-based entrepreneurial economy; expand and strengthen the unique research and learning environment of Rowan University; and create value for its surrounding communities in their economic, physical and social development.
The Technology Park is a public/private partnership that has received support from numerous organizations and individuals, including New Jersey Economic Development Authority ($5.8 million), the Rowan University Foundation ($1 million), the Delaware River and Bay Authority Commissioners ($5 million), The New Jersey Department of Community Affairs ($150,000) and the New Jersey Commission on Science and Technology ($1.5 million).
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The Innovation Center, being developed by Lincoln Property Company, will include office, wet-laboratory and incubator space. Additionally, build-to-suit opportunities are available immediately for firms seeking 20,000 to 100,000 square feet of laboratory/office space. Complete buildout for the Technology Park is projected at 1.5 million square feet.
Dr. Anthony Marchese, Technology Park project director, said, ?This groundbreaking is a major milestone for a project we have dreamed about?and planned for? for several years. This is just the start of what we envision will be a major facility for South Jersey and ultimately a focal point for education and the economy of our region.?
For more information of the South Jersey Technology Park at Rowan University, visit http://www.sjtechpark.com.