The eight-story facility is expected to be a focal point of the locally designated innovation zone, one of three created recently by the McGreevey administration. The other two zones are located in Newark and New Brunswick, and all three are tied to the state's major research universities.
"As the number of technology jobs continues to increase, this center will give residents a competitive edge and position the city for the future," McGreevey said. "This center is also a symbol of a greater recovery happening here."
The complex, which features a university bookstore and a 660-car parking garage, is also one of the first construction projects to be completed under the Camden Rehabilitation and Economic Recovery Act of 2002. The act allocates $175 million in state funds to revitalization projects here and has, to date, leveraged $1.14 billion in private investment, according to state officials.
Under the act, Camden County College received $3.5 million to help finance the technology center. The state contributed another $8 million in bond financing, and the county provided matching funds.
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