Biosciences innovation district to attract redevelopment
dollars to Atlanta and the Westside community.
ATLANTA (September 9, 2022) — The biosciences innovation district known as “Science Square” is ready to break ground. This latest development is an important step in Georgia Tech’s role in strengthening the region’s innovation ecosystem, through development of a biotechnology-focused innovation district on the southwest portion of the university’s campus.
Science Square (formerly known as Technology Enterprise Park, or “TEP”) is located at the southeast corner of Northside Drive and North Avenue, adjacent to the Vine City/English Avenue neighborhoods on Atlanta’s westside.
Georgia Tech’s newest inclusive innovation district will focus on biomedical innovation, digital health, advanced manufacturing, and medical device development. As a hub, Science Square will be a natural location for startups in the health and bioscience sectors spinning out from area schools, including Georgia Tech, Georgia State University, Emory University, Morehouse College, Morehouse School of Medicine, Spelman, and Clark Atlanta University.
“We want this project to be a resource for residents of the surrounding communities,” said Chris Burke, Georgia Tech’s executive director of community relations. “We’re looking at this project as potentially providing residents the opportunity to go from cradle to career in one place.”
The U.S. Department of Commerce’s Economic Development Administration (EDA) awarded Georgia Tech a Science and Research Park Development Grant in 2014. The $460,707 grant was used to study the feasibility of expanding Science Square into a mixed-use innovation and research campus.
Breaking ground on the first two buildings are just the initial steps in the creation of Science Square. At full build-out in 2030, Science Square is projected to support more than 5,000 jobs across 2.2 million square feet of new lab and research facilities, office space, and apartments. Currently, one building is located on the site. The “TEP 1” building, which opened in 2007, includes 120,000 square feet of wet labs, clean rooms, and office space. The Northyards (office lofts and event space) and T3 Labs bound the east side of the Science Square site.
“We wanted to research, analyze, and envision what Science Square could be and create a collaborative and shared vision with the community,” said Tony Zivalich, executive director of the Georgia Tech Real Estate Office. “The EDA grant was critical in facilitating our ability to do this foundational work and move forward to where we are today.”
Now the Build to Scale (B2S) Program, the Science and Research Park Development Grants were part of the Regional Innovation Strategies program, which was run by the EDA Office of Innovation and Entrepreneurship and designed to advance innovation and capacity-building activities in regions across the country. Located in the Westside tax allocation district (TAD) and part of a federal Opportunity Zone (OZ), the study was supported by Invest Atlanta and The University Financing Foundation (TUFF), which served as partners on the study.
“The EDA grant provided us with an exceptional opportunity for Georgia Tech and the city of Atlanta to help create jobs in fast-growing sectors like bio and life sciences, and build economic opportunity for the city’s Westside,” said Leigh Hopkins, a senior project manager with the Enterprise Innovation Institute, Georgia Tech’s chief economic development arm and state EDA University Center. Hopkins co-led the feasibility study.
“The EDA grant allowed us to a conduct comprehensive analysis of the area, work with the communities around it, assess our strengths and focus on our best opportunities and potential for creating Atlanta’s next innovation neighborhood,” Hopkins said.
About Science Square (formerly Technology Enterprise Park)
Home to a cluster of emerging and established technology concerns, entrepreneurs, and researchers focused on accelerating biomedical innovation, digital health, advanced manufacturing and medical devices, Science Square offers a unique setting on Atlanta’s west side, adjacent to the Georgia Tech campus. This inclusive innovation district represents a unique research and innovative platform in a dynamic urban setting. To learn more about Science Square, visit: https://technologyenterprisepark.gatech.edu/home.
About the Enterprise Innovation Institute (EI2)
The Enterprise Innovation Institute (EI2), the Georgia Institute of Technology’s economic development unit, serves all of Georgia through a variety of services and programs that create, accelerate, and grow Georgia’s tech-based economy. It is the nation’s largest and most comprehensive university-based economic development organization. EI2’s expertise and reach is global; its innovation, entrepreneurship, and ecosystem development programs serve governments, universities, nonprofits, and other organizations worldwide. In 2019, EI2served more than 9,599 businesses, communities and entrepreneurs who reported startup investment capital exceeding $456 million and created or saved 16,304 jobs. EI2’s total 2019 financial impact exceeded $2.96 billion. For more information, visit innovate.gatech.edu.