Danforth Center wins $2.4 million in tax credits for park

From The St. Louis Business Journal. Friday, August 8, 2008
By Lisa R. Brown

The Donald Danforth Plant Science Center will receive $2.4 million additional tax credits from the state of Missouri to fund its new Bio-Research and Development Growth (BRDG) Park.

Construction is under way on a $36.1 million, 110,000-square-foot wet laboratory and office building on 9 acres at 1005 North Warson Road adjacent to the Danforth Center in St. Louis County.

The $2.4 million in tax credits were awarded to the St. Louis County Port Authority, which will sublease space in the park to emerging life science companies and organizations. In January, the Danforth Center was awarded $1 million in state tax credits to fund site improvements for the project through the Missouri Development Finance Board.

Project developer Wexford Science Technology and Monsanto are contributing a combined $4.8 million for the project.

The NIDUS Center for Scientific Enterprise, an incubator for start-up companies, will lease 15,000 square feet in the building when it is completed next year.