Science Market Update

Ohio Life Science Research Market Grows With OSU Med Expansion

Posted by BCI Staff on Fri, Mar 25, 2011

Ohio State University's Medical Center is undergoing a huge expansion and modernization effort with its ProjectOne $1Billion new medical facility.  Outdated buildings have been demolished and the concrete has been poured for the state-of-the-art Arthur G. James Cancer Hospital and Richard J. Solove Research Institute complex due to open in 2014.  ProjectOne is the largest development project in Ohio State's history and is expected to add $1.7 billion to Ohio’s economy.  Some of these gains will certainly include the purchasing of equipment, supplies and services for the medical center, as well as future gains through life science research funding and the commercialization of biomedical research discoveries.

(Video courtesy of OSU-ProjectOne)

Last month Ohio State University received the largest private gift in its history: a $100 Million commitment, including $65 Million from Leslie Wexner and $35 Million from the Limited Brands Foundation, the giving arm of the Columbus apparel company started by Wexner in 1963.  The main benefactor of the gift will be the new Medical Center and Research Institute, though the Wexner Center for the Arts and other university programs will also benefit.  This gift brings Wexner and the Limited Brands Foundation's total contribution to OSU to over $200 Million.

life science research market

(Photo of Mr. Wexner courtesy of Limited Brands Inc.)

Wexner is a proud alumnus of Ohio State who credits his OSU education and the model of his hard-working immigrant parents for his success in business.  He has received the Woodrow Wilson Award for Corporate Citizenship for his philanthropy.

If you are a medical science researcher or a supplier of science laboratory tools and equipment in Ohio and would like to meet life science researchers, purchasing managers, and industry representatives, plan to attend the 12th Annual Columbus BioResearch Product Faire™  Event at the Ohio State campus in Columbus, May 26, 2011. Biotechnology Calendar, Inc. provides researchers and science suppliers with the opportunity to connect, network and solve research challenges together throughout the nation.

Tags: Ohio State University, Ohio, Columbus, new construction, Midwest Region

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