University Enterprise Laboratories, Inc.

Saint Paul,
MN
(2018)

University Enterprise Laboratories, Inc.

Adult Education, College or Vocational Training, Community, Incubator, Manufacturing

UEL provides wet labs, office space, and innovation/collaboration spaces, and expanding their current facility.

Investment

NMTC Amount: $7,000,000
Total Project Cost: $390,066,213

IMPACT

320 FTE jobs
75 construction jobs

CDEs

University Financial Corp.

Investor

Sunrise Bank

Project Description

University Enterprise Laboratories (UEL) is a business incubator for early-stage ventures in biotechnology and life sciences. It received NMTC financing from University Financial Corp.

It is uniquely positioned between Minneapolis and St. Paul, close to the University of Minnesota, in the growing Towerside Innovation District. UEL features flexible wet lab space, office and conference space, in addition to education, services, and connections for our resident companies. It offers emerging companies an environment that supports and understands the needs of startup technology companies. Some of the benefits offered by UEL include:

Elimination of up-front lab build-out costs
Synergy with other incubator companies
Location central to the Twin Cities
Geographic proximity to the University of Minnesota
Access to shared business equipment
Access to shared scientific equipment, such as autoclaves, centrifuges, de-ionized water source, bio-safety cabinet, and more
Access to shared conference spaces

MAP

Address: 1000 Westgate Drive, Saint Paul, MN 55114

Census Tract: 27123031900

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