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El Paso, TX (2016)

Medical Center of the Americas Tech Park

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

Investor

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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