The Massachusetts Accelerator for Biomanufacturing is scheduled to open this fall as one of the world’s only facilities designed to incubate companies engaged in early-stage drug development. The $30 million complex, developed by the University of Massachusetts Dartmouth, is an experiment not just in bioscience, but also in the broader economic development of Southeastern Massachusetts.
Overall, the park has state approval for 3 million square feet of development, and officials are promising 30-day permitting for companies that agree to move there. So far, the property has attracted construction of a 42-acre solar farm and a facility by Neo Energy LLC of Portsmouth, N.H., that will convert food waste into energy.
Governor Deval Patrick’s administration has invested tens of millions of dollars to help turn the property into a major center for life sciences and technology companies. It spent about $38 million in federal stimulus funds to help build a highway ramp into the property from Route 24 and has invested $14.6 million to fund construction of the biomanufacturing accelerator. Read more