Biomedical incubator space, or wet labs, are noticeably absent in southeastern Minnesota. Wet labs could not only facilitate job growth by retaining companies in the region, they could help to secure the Rochester area’s future as a leader in biomedical discovery.
A building of this scope could take at least twenty-four months and $15M to create, and we have research needs right now to fulfill. One potential solution exists not in Rochester, but in Stewartville, Minnesota. As catheter manufacturer Bard Medical finalizes their exit from Stewartville, they leave behind three empty buildings and 185 jobs.
The newest of these buildings is only two years old and is already outfitted for research activities. Bard real estate representative Avison Young, the City of Stewartville EDA, and architecture and design firm Widseth Smith Nolting suggest that this facility could be converted into a wet lab incubator to facilitate regional bioscience growth.
Here are the facts you need to know about the Stewartville facility. Check back in on Thursday for the full story.