Expanding Infrastructure to Drive Bioscience.
Memphis has developed a strong infrastructure to support its key bioscience niches. Several elements are necessary to expand the bioscience capabilities and make Memphis competitive on a global scale. Attracting bioscience companies requires first rate laboratory facilities, a safe and secure environment, an appealing quality of life, and excellent schools from elementary to university level.
The construction of incubator space is critical to the success of the initiative. The research space provides the opportunities for scientists, researchers, entrepreneurs, and businesses to establish laboratories and move forward towards successful enterprises. The UT-Baptist Research Park will provide 1.4 million square feet of state-of-the-art laboratory and office space. Without the generous donation of the land by Baptist Memorial Health Care to the Memphis Bioworks® Foundation this initiative would not be possible.
The community realized that the space surrounding the research park was also important in the recruitment of bioscience talent and businesses. The Foundation became actively involved in the urban redevelopment of the Memphis Medical Center District. The revitalization plan, transforming a former public housing complex into new mixed income community housing and the development of green spaces are all components of the Memphis Bioworks mission.
Great businesses attract other great businesses and successful companies attract exceptional talent. Bioscience companies need easy access to support services near research parks - law firms, restaurants, office supply stores, retail, and other life-enriching activities such as fitness centers. The redevelopment of the medical center district, communities within and surrounding the area, our supporting farm communities, and enabling a better lifestyle for all will impact the economic future of the city.