Medical Center of the Americas Tech Park

New Markets Tax Credit Coalition

El Paso,
TX
(2016)

Medical Center of the Americas Tech Park

Business Development, Community, Healthcare, Hospitals and Emergency Services, Incubator, Manufacturing

NMTC financing for a 60,000 square foot life sciences and research facility which includes 39,830 square feet of office area and 8,621 of wet and dry labs.

Investment

NMTC Amount: $11,230,000
Total Project Cost: $27,633,089

IMPACT

162 FTE jobs
200 construction jobs
60,000 sq. ft. of real estate

CDEs

Border Communities Capital Company, Capital One

Investor

Capital One

Project Description

The Medical Center of the Americas Tech Park project (MCA) consists of a 60,000 sq. ft. life sciences and research facility which includes 39,830 sq. ft. of office area and 8,621 of wet and dry labs. The City of El Paso has identified biotech as a key industry in the City’s redevelopment and growth strategy and MCA is the initial investment by the City in this strategy. It is the goal of the MCA project to create a new economic engine and introduce a new industry to El Paso and create a hub for an early stage biomedical cluster anchoring a much larger biotech park.

MAP

Address: 5130 Gateway Boulevard, El Paso, TX 79905

Census Tract: 48141003200

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