A Covington life sciences incubator is expanding and area developers are looking forward to it attracting more related companies.
When bioLOGIC moves in its newest start-up companies in March, the old dance hall, turned lab and office space, will triple its size. Managing Director Keith Schneider shows off the bigger conference room.
The biggest tenant, Bexion Pharmaceuticals, is trying to find a cure for cancer. It now has the entire third floor. The other clients include Surgical Energetics. It has a sutures mechanism for connecting tissue to bone in orthopedic patients.
"Our goal is to be the first stop and the first step for anything in life science. They can start here and if there are resources on the Kentucky side that are good for them we'll take them that direction. If it's on the Ohio side, we can work though that as well."
Senior Vice President of NKY Tri-ED Karen Finan hopes it's on the Kentucky side. Five years ago she took a very targeted approach believing life sciences could work in Boone, Kenton and Campbell counties.
"And while I can't name companies specific at this point, I can say that we do expect a number of announcements over the course of this year and next as we continue to get the word out about life sciences in Northern Kentucky in concert with the availability down at the bioLOGIC Center."
Ohio and Indiana aren't sitting idly by. Recent studies show the life sciences industry in Ohio is making a $53 billion economic impact, and a $50 billion one in Indiana.