Two More Biotech Parks in the Works

MONTGOMERY COUNTY, MD-Montgomery County officials have announced that two new biotechnology parks accounting for 155 acres are in development at Germantown, MD’s Montgomery College campus and at the Washington Suburban Sanitary Commission-owned site in Calverton, MD.

Second only to California’s Silicon Valley in its concentration of biotechnology activity, Montgomery County’s new parks will further solidify its position as a leading research industry designation and will attract more companies to its cache of over 200 of the state’s 300 biotech firms. Speaking to GlobeSt.com, county spokesman Scott Sloat says, “Our eventual hope is we’ll have some sort of activity at one or both of the sites by the end of 2004.”

County and state organizations have committed $6 million to help get the projects started, but officials say it is too early to speculate on the millions that will go into getting the parks to full operational capacity. “At the Montgomery College site we haven’t purchased the property yet, and we haven’t picked a developer for the WSSC site,” Sloat notes.