For Immediate Release
President & CEO, Research Park Corporation
Research Park Corporation commits $200,000 to LSU Innovation Park Expansion
BATON ROUGE, La. — Research Park Corporation (RPC) has committed to a contribution of $200,000 to aid in the upcoming expansion at the LSU Innovation Park. The expansion includes new roadway infrastructure intended to increase accessibility to the Innovation Park and its 44 current businesses. The expansion will also include 150 additional acres of land for the Innovation Park, which LSU says will be developed to accommodate up to 75 new companies, creating 2,100 jobs and spurring $80 million in the process.
“We’re pleased to have Research Park Corporation’s support for the expansion of LSU Innovation Park,” said Charlie D’Agostino, LSU Innovation Park’s Executive Director. “This shows a great partnership between two leading entrepreneurship organizations supporting the innovation infrastructure in Baton Rouge.”
RPC joins the U.S. Department of Commerce and Louisiana Economic Development (LED) with their contribution, bringing the total amount invested in the project to more than $1.6 million.
“The foresight and investment from the U.S. Department of Commerce’s Economic Development Administration, Louisiana Economic Development and Research Park Corporation in the region’s entrepreneurial infrastructure will give rise to new ideas, innovators and companies. Today’s investment will lead to tomorrow’s gain in multiple ways,” said D’Agostino.
RPC’s $200,000 contribution was announced at their most recent board meeting, in advance of the project’s anticipated groundbreaking event. The contribution signals RPC’s continued commitment to its mission of promoting the development of high-technology industry and research in the State of Louisiana, and its ongoing relationship with the LSU Innovation Park.
“This financial commitment to the LSU Innovation Park expansion aligns perfectly with the statutory purposes and functions of the Research Park Corporation. It is important to us as an organization to support the efforts of our partner organizations in the pursuit of a strong, well-connected innovation ecosystem,” said Edmund Giering, Chairman of Research Park Corporation’s Board of Directors. “We’re proud to be able to assist LSU in its efforts to expand the Innovation Park campus and we look forward to the increased opportunities this expansion will bring to our region.”
About Research Park Corporation
Research Park Corporation operates as an economic development conglomerate that works with and through other organizations to grow and diversify the innovation economy of Baton Rouge and surrounding regions. For more information, visit researchparkcorporation.com