Major Lab Space Expansion in Montgomery County, Maryland
An additional 1.6 million square feet of lab space in Montgomery County is in development, according to the county’s economic development agency.
The space will be an addition to the 10.6 million square feet of existing lab space in the county, according to a press release from the Montgomery County Economic Development Corporation (MCEDC).
The MCEDC said a number of companies based in Montgomery County have been developing COVID-19 vaccines during the pandemic, including Novavax, Qiagen, Altimmune and Emmes. About $8 billion was invested in life science companies within the county last year for research on COVID-19.
The economic development agency cites the presence of a “highly educated workforce,” competitive rents and the presence of federal agencies such as the National Institutes of Heath as factors for why life science companies are attracted to the county. Bethesda Magazine. Click on the link for details on the projects.