Telect has expanded its manufacturing space and added 700 jobs to reach 1950. The university will explore offering programs in information technology, biotechnology, transportation, warehousing and distribution, hospitals and health and human services.
Negotiations are underway on two potential downtown sites for the start-up location.
David Schankweiler will serve as chairman of the Development Corporation. The successful Virginia Biotechnology Research Park in downtown Richmond will create a satellite campus for the Biotechnology Park in Chesterfield County. The park's capacity will be 2 million square feet of combined office, laboratory and manufacturing space and results from a cooperative agreement with Chesterfield County. Robert Skunda, President of Richmond Biotechnology Research Park and county officials believe the expanded site options will help attract large-scale biotechnology pharmaceutical and life sciences companies. The Satellite Park has been a long-term Vision Strategy of Dr. Trani, President of Virginia Commonwealth University.