PRINCE WILLIAM COUNTY, VA-A new development is in the works for the 2,000-acre partially county-owned Innovation@Prince William Technology Business Park. Life science products manufacturer Mediatech Inc. has decided to build a new 100,000-sf cutting-edge facility to house its corporate headquarters and manufacturing operations. Scheer Partners Inc. is onboard to help facilitate the development, which will occupy a 10-acre parcel in the park. The project–reported to be the largest biotech development in the county since Eli Lily announced in 2002 that it would build a 600,000-sf manufacturing plant at Innovation–is expected to cost $10 million to realize.

Before settling on the Innovation site, Mediatech looked around at other locations in other states. “We recognized the growing opportunities and resources Prince William County had to offer,” company president Jim DeOlden says. “Additionally we recognized the advancing presence of biotechnology in the area and the potential opportunities to work closely with surrounding universities like George Mason as well as other top-quality biotechnology companies.”

Both the county and the State of Virginia are participating in the facilitation of the Mediatech Development, giving $400,000 from the County Economic Development Opportunity Fund and $400,000 from the Governor’s Opportunity Fund to the Industrial Development Authority for related infrastructural projects. Ground breaking for the development is expected to take place this summer, and Mediatech will relocate from its Herndon, VA corporate headquarters when the new building is up and running in 2006.

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