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Fairfax County EDA Signs Lease for First Bioinformatics/Biotech Incubator in Northern Virginia; Springfield Center for Early-stage Companies Expected to Open in Mid 2002.


Business Editors & Health/Medical Writers

BIOWIRE2K

FAIRFAX COUNTY, Va.--(BW HealthWire)--March 11, 2002

The Fairfax County Economic Development Authority (FCEDA FCEDA Fairfax County Economic Development Authority (Virginia) ) has leased space in a Springfield building that will house northern Virginia's first technology incubator geared to accelerating the growth of early-stage biotechnology and bioinformatics companies The primary purpose of this list is to serve as a holding place for the identities of Bioinformatics companies, particularly those for which articles have not yet been created. Three elements would be useful to include: a link to the article, a link to the company on the web (their .

The center is expected to open in mid-2002 once the space is built out.

The FCEDA has leased 7,288 square feet of space at 7001 Loisdale Road in Springfield, near the Franconia-Springfield Metro Station For the band, see .

A metro station is a railway station for a rapid transit system, often known by names such as "metro", "underground" and "subway". It is often underground or elevated. At crossings of metro lines they are multi-level.
 and the Northern Virginia Community College “NVCC” redirects here. For other uses, see NVCC (disambiguation).
Northern Virginia Community College (NVCC), comprising several locations in the Virginia suburbs of Washington, D.C.
 medical education campus that is under construction. The five-year lease with the building owner, Blair Inc., will cost $17.50 a square foot per year.

The FCEDA (www.FairfaxCountyEDA.org) has contracted with ANGLE Technology Group (www.ANGLETechnology.com), a global technology management company, to develop and manage the incubator. ANGLE will provide extensive business development services for client companies.

The FCEDA developed the idea of the center as a way to spur the growth of the biotech bi·o·tech  
n. Informal
Biotechnology.


biotech
Noun

short for biotechnology

Noun 1.
 and bioinformatics companies in northern Virginia Northern Virginia (NoVA) consists of Arlington, Fairfax, Loudoun, and Prince William counties and the independent cities of Alexandria, Falls Church, Fairfax, Manassas, and Manassas Park.  and help create new economic opportunities in the Springfield area. The incubator will be the second started by the FCEDA. An incubator that opened in the Baileys Crossroads area in 1999 focuses on start-up information technology companies.

"Bioinformatics has the potential to generate economic growth and wealth over the next decade as information technology did in the last," said Gerald L. Gordon, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of the FCEDA. "We see the growth of this industry in Springfield as a way to improve the economic stability of northern Virginia."

The Fairfax County Economic Development Authority promotes Fairfax County as a business location. The FCEDA identifies possible sites and facilities, and is a source for up-to-date demographic and economic statistics. The FCEDA maintains programs to link entrepreneurs with funding sources and accelerate the growth of small, minority and women-owned companies. The FCEDA also maintains marketing offices in London, Frankfurt and Tokyo.
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Publication:Business Wire
Date:Mar 11, 2002
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