CEDA team member Joya Stetson recently lead a focus group on a lack of wet lab/limited manufacturing spaces for start up bio-businesses in the region.
Stewartville is home to a 57,500 sq ft facility built in 2014. The space is already equipped with loading docks, clean rooms, HVAC, electrostatic flooring and other amenities that make it a valuable asset.
According to CEDA‘s Joya Stetson who serves as the Economic Development Coordinator for the City of Stewartville,“[The structure] represent[s] a huge opportunity for a business or businesses. The manufacturing facilities are highly sophisticated and their location in Stewartville, Minnesota is primed for distribution. As the community is located on US Highway 63 and Interstate 90 with close proximity to Highways 30 and 52 in addition to FedEx Ground’s presence in the Stewartville Schumann Business Park, ground shipping is notably facilitated. There is also nearby access to the Rochester International Airport, which is only 2 miles from the City, to accommodate easy movement of goods by air.”
The group, which included professionals from CEDA; Mayo Clinic Ventures; DMC, RAEDI; the Collider; Rochester Rising; Mayo Clinic Business Accelerator; Avison Young; Widseth Smith Nolting and AB Systems discussed opportunities and advantages of using the space for wet labs/limited manufacturing.
Rochester Rising constructed a comprehensive article on the meeting/concept which was named number 1 on Medical Alley Association’s 8/26-9/1 Top 10 to Know news list:
