Innovation Research Park #2

Norfolk,
VA
(2008)

Innovation Research Park #2

Business Development, Community, Incubator

NMTC financing supported the construction of an R&D laboratory and research center.

Investment

NMTC Amount: $16,482,500
Total Project Cost: $35,334,082

IMPACT

400 FTE jobs
378 construction jobs

CDEs

Urban Research Park CDE, USBCDE

Investor

US Bank

Project Description

NMTC financing supported the construction of an R&D laboratory and research center. The new facility includes wet/dry labs, office space, and other research amenities. It houses Old Dominion University’s Frank Reidy Research Center for Bioelectrics. The Center for Bioelectrics is engaged in conducting cross-cutting ultra-short high voltage pulse and cold plasma research.

MAP

Address: 4211 Monarch Way, Norfolk, VA 23508

Census Tract: 51710002600

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CDE(s): Danville Virginia CDE

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