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Wake Forest Baptist Medical Center Unveils Historic World-Class Biotech Research & Innovation Center in Downtown Winston-Salem's Growing Piedmont Triad Research Park
Date:2/21/2012

main entrance/lobby and houses the Departments of Biochemistry and Microbiology and Immunology. The third floor features space for the to-be-named Centers of Excellence laboratories and the Department of Physiology/Pharmacology. The fourth floor is home to Carolina Liquid Chemistries and additional pre-built lab space for future private companies. The fifth floor houses the Piedmont Triad Research Park marketing center and offices and additional build-out space for private companies.

The project architects from Gaudreau, Inc. and the development team worked closely with North Carolina's State Historic Preservation Office and the National Park Service on the historic review of the project and the criteria to be followed during the construction process. The Whiting-Turner Company served as the general contractor on the project.

The Wake Forest Biotech Place construction project has employed more than 1,400 individuals and 75 percent of that workforce is from the local Triad area. The project employed 28 minority/female-owned companies, about 12 percent of contracts.

In Forsyth County, the Research Park's $201.7 million construction spending on the six buildings completed to date has generated a total of $313.3 million in economic activity supporting 2,897 jobs with a labor income of $120.1 million, according to the new Battelle Memorial Institute's economic analysis. PTRP's current tenant employment of nearly 1,000 and the estimated 450 jobs at Wake Forest Biotech Place will generate an estimated $298.3 million in economic activity in Forsyth County annually. Statewide annual economic activity from the Research Park will be approximately $339.1 million.

According to the Battelle analysis, construction in the Research Park, and the life sciences and technology-based businesses it attracts, will have a transformative impact on the city and county economy. Ongoing development of PTRP is a major catalyst for regional economic developm
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SOURCE Wake Forest Baptist Medical Center
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