LSU Innovation Park Awarded Renovation Grant
BATON ROUGE – The Louisiana Business Incubation Association, or LBIA, allocated $25,000 from the LED and LBIA Incubator Support Grant program to enable the Louisiana Business and Technology Center, or LBTC, at LSU Innovation Park to create and improve leasing space for new and existing tenant companies.
LSU Innovation Park consists of nine buildings spread out over 200 acres, and strives to attract long term tenants in the digital media, software and consulting industries to bring jobs to Louisiana, support the economy and foster a culture of technological innovation. Last year’s grant funding renovated 2,204 square feet of leasable space, and of the newly renovated spaces, only 425 square feet remain open for leasing.
This year’s grant funding will allow LSU Innovation Park to renovate nearly 1,500 additional square feet based on tenant needs. Twistlock, a Portland, OR-based software security firm, will be one of the tenant facilities to undergo renovation. Twistlock moved into space formerly occupied by General Informatics in April with the promise of creating 20 new tech jobs with an average respective salary around $90K. Some funding will go toward a third space for two more employees, necessary remodeling and modular furniture in the 286-square-foot space.
“The Louisiana Business Incubation Association’s Incubator Support Grant has been instrumental in solving our leasable space problem,” said Kenny Anderson of LSU Innovation Park. “By bringing more office space online, we can compete to land companies like Twistlock here in Louisiana and thus create local jobs in growing tech industries.”
The spread out facility across 200 acres poses many shipping problems since packages are only delivered to the main building. This can result in tenant companies having to make multiple trips a day to the front office to pick up deliveries, which can sometimes deter potential tenants. Another portion of funding will be used to solve this issue through the purchasing of a utility vehicle to equip staff and student workers with the ability to deliver packages across LSU Innovation Park’s large campus.
About LSU Innovation Park
LSU Innovation Park is a technology-based university research complex that offers a community for businesses to develop, foster and enhance innovation in Louisiana utilizing LSU’s vast network of resources. To learn more about LSU Innovation Park, visit www.lsu.edu/innovationpark.
Contact Alison Satake
LSU Media Relations