Northeast Environmental and Technology Center developing in Mayfield for tech and biomedical entrepreneurs
From a press release:
NEET Center Associates LLC has announced the acquisition of the former Lackawanna Business Center in Mayfield to redevelop the 95,000 square foot mixed use building into the Northeast Environmental and Technology Center (The NEET Center).
The redevelopment of the existing building into The NEET Center will provide an opportunity for entrepreneurs and product developers to get the assistance necessary to move their ideas and inventions forward.
NEET Center Associates principles have a different approach to reinvigorating the regional biomedical research initiative. Dan Summa, president of NEET, stated, “Northeast Pennsylvania is well positioned to play in the life sciences/environmental product development arena. 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 startup 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 in the borough of Mayfield in Lackawanna County.
The NEET Center will be marketed to the bioscience industry and is an ideal expansion of the Northeastern Pennsylvania Regional Bioscience Initiative. The NEET Center is launching the Keystone Life Science Incubator to become a test bed for innovation and research emerging technologies and new companies.
According to Karl F. Pfeiffenberger, Jr., managing partner of NEET Center Associates, the building has over 35 enclosed offices, five laboratories, lab support spaces, three conference rooms, other 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 just 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.