MAYFIELD — NEET Center Associates LLC recently announced the acquisition of the former Lackawanna Business Center to redevelop the 95,000 square foot mixed use building into the Northeast Environmental and Technology Center (The NEET Center).
The redevelopment will provide an opportunity for entrepreneurs and product developers to get the assistance necessary to move their idea and inventions forward.
NEET Center Associates principles have a different approach to re-invigorating The Regional Biomedical research initiative.
“Northeast Pennsylvania is well positioned to play in the life sciences/environmental product development arena,” Dan Summa, president of NEET, wrote in a news release. “The intersection of new technologies being created for the gas industry, agriculture, and healthcare will spawn new companies developing solutions to today’s issues. The Life Sciences Incubator with its first-class labs, offices and meeting rooms is a natural fit for start-up companies to test new ideas with both administrative and facility support.”
The NEET Center was formerly occupied by St. Rose Academy and the Lackawanna Valley Heritage Authority. The property is located at 1300 old Plank Road.
The NEET Center will be marketed to the bioscience industry and is an ideal expansion of the Northeastern Pennsylvania Regional Bioscience Initiative. It is launching the Keystone Life Science Incubator to become a test bed for innovation and research emerging technologies and new companies.
The building has more than 35 enclosed offices, five laboratories, lab support spaces, three conference rooms, meeting rooms, a conference center, an auditorium with a seating capacity of 250, four break-out rooms, two teaching labs, a high-bay demonstration space, tiered TV classrooms, production/projection rooms, a computer/technology lab, common areas, a lobby, security office, kitchen, cafeteria, staff lounges, restrooms and a restored greenhouse to accommodate a wide variety of specialized clients.
NEET Center Associates LLC recently announced the award of a $1.5 million Redevelopment Assistance Capital Program grant to assist in the acquisition and facility upgrades to The NEET Center.