Follow

Contact

Address

  • Twitter - White Circle
  • Instagram - White Circle
  • Facebook - White Circle

P.O. Box # 52343
New Orleans, LA 70152

©2016 by Louisiana Brownfields Association. Proudly created with Wix.com

Success Story - Leveraging Resources to the Tune of $14M - CMIT, Shreveport, LA

April 30, 2019

On April 5, 2019, over 125 interested community members joined the Biomedical Research Foundation (BRF), Louisiana Economic Development (LED) Governor John Bel Edwards, Shreveport Mayor Adrian Perkins, and numerous city council members, for a Groundbreaking Ceremony at the Center for Molecular Imaging and Therapy (CMIT) location.


 

The Biomedical Research Foundation (BRF) is leading innovation in molecular imaging and research in Louisiana through a new $14.2 million, 20,000 sq. ft. CMIT. The new facility will house radiopharmaceutical production equipment and operations, patient imaging services, and a clinical and translational research program.


 

CMIT is embarking on a five-year, $14.2 million initiative to expand and elevate drug discovery and healthcare delivery with the goals of: Advancing Research, Increasing Access to Healthcare, Promoting Economic Development, and Improving Scientific Collaboration. The project includes consolidating all CMIT activities from three facilities to one, upgrading equipment, expanding research capabilities, and promoting economic development by:

  • Advancing molecular imaging sciences among higher-education institutions, businesses, contract research organizations and entrepreneurs. This market is estimated to reach $7.4 billion by 2024;

  • Hiring 25 highly trained and specialized employees within the next five years;

  • Expanding opportunities for radiopharmaceutical and radiochemistry research collaboration, pre-clinical basic science, and involvement in the drug discovery and development process that can attract and retain talent (both local and non-local) in North Louisiana;

  • Creating a robust research program that could lead to a pipeline of intellectual property and patents for novel radiopharmaceuticals or applications in collaboration with BRF’s Entrepreneurial Accelerator Program (EAP); and

  • Creating unique scientific resources that could lead to opportunities for startup companies serving the healthcare industry.

The new Center for Molecular Imaging and Therapy (CMIT) facility will be located in the BRF’s InterTech Science Park in Shreveport, Louisiana, at a former EPA Brownfields site.

Environmental assessment and cleanup work includes:

  • EPA Brownfields Assessment Grant (NLCOG) $150,000

  • EPA Brownfields Cleanup Grants (Wilson Foods) $200,000, (Modern Iron Works) $125,000

  • LDEQ TBA Phase I/II ESA (Louisiana College) $75,000

  • EPA Brownfields City of Shreveport Revolving Loan Funds (Gloriland/Greenwood) $152,000

  • Potential leveraged funds (including construction of future development) $115,400,000

 

This project is a shining example of using Brownfield Funding in various forms as well as other grants to leverage resources; and bring a brand new innovative project to Louisiana. The impact of this project, proposed to be open in 2020, will have a far reaching effect.

 

 

 

Share on Facebook
Share on Twitter
Please reload

Featured Posts

The LBA is currently offering one scholarship of up $1000 for attendance to Brownfields 2017 December 5-7 in Pittsburgh, PA.  The scholarship is avail...

LBA Accepting Scholarship Applications

September 17, 2017

1/1
Please reload

Recent Posts
Please reload

Archive