Life Sciences Industry Assessment Study
The Business Development Board of Palm Beach County (BDB) retained Facility Logix to conduct an analysis of the county’s life science industry. The County had attracted several non-profit research institutes in the late 1990’s, early 2000 and did not see the anticipated life science growth or cluster development expected.
Facility Logix gathered and evaluated baseline information regarding the existing market in Palm Beach County, FL as well as that in competing markets including Tampa, Orlando and Miami. Considered was a number of key elements required for a sustainable life sciences industry cluster including: the presence of a leading research institution, leading hospitals and healthcare providers, sector-trained workforce, real estate matched to market needs, capital investment and financing sources and a supportive political environment with industry-appropriate incentive tools. The market assessment information gathered defined the region related to the evaluation of the opportunity in biotechnology and life sciences; analyzed the strengths, weaknesses, opportunities and threats (SWOT) associated with the target industry sector; presented applicable best practices from neighboring markets; and concluded with a set of seven (7) recommendations for a bold sector‐focused strategy.
United Therapeutics Corporation (UT) sought to design and develop the first full service Ex Vivo Lung Perfusion (EVLP) Center in the United States. Time to market was critical for the delivery of the building for initiating US clinical trials.
Facility Logix worked with a local real estate provider to detail the property’s attributes and to evaluate the potential market for a buyer of the building for its highest and best use as a fill-finish site.
Johns Hopkins FastForward business accelerator program sought to understand Baltimore City, regional and statewide lab space market dynamics to guide the design of its planned 1812 Ashland incubator
Facility Logix worked with IBT and its real estate representation team to evaluate options for its new facility. We are currently overseeing the design, engineering and build-out of the new facility that will open in September 2016.
Facility Logix has worked with the Mann Research Center and affiliated entities on several projects to develop complex business strategies and models for relocation and expansion efforts. We have used their models to secure significant economic incentives and to evaluate a variety of strategic options. Each time we are treated as though we are their only client. Their work product is exemplary.John Del Russo