Splice and run
Part 5
Kristen Lombardi
If survival is WBDC's true goal, then the group may need to look elsewhere to
ensure success. Andrews grants that Kendall consultants are exploring the
feasibility of a "broader scope" of marketing for the park. Rather than focus
solely on the dangerous, albeit attractive research-and-development "wet lab"
sector, he says, WBDC may consider targeting firms that supply materials to
researchers or run testing services for them.
"We're also exploring medical-service companies. They tend to hire more
employees and get into manufacturing more quickly," he says.
Taunton-Rigby promotes such a change. She has stated the obvious since she
announced her decision to move Aquila: Biotech Park has a lot of empty space,
and if things continue in the same vein, the park-of-the-future may mirror the
abandoned factories of the city's past. Taunton-Rigby believes the park should
branch out into the business of general health care or diagnostic care.
"Biotechnology is a very narrow focus," she says. "Biotech companies have a
lot of choices. We don't have to be together. In fact, the majority are in
buildings scattered all over the place, and [besides] there aren't a string of
biotech companies coming to Worcester."
Taunton-Rigby's new landlord, Jack O'Neil of Newton-based National
Development
of New England, has no intention of making his 9/90 Corporate Center, in
Framingham, a biotech center. O'Neil says the field "lacks enough depth" to
fill his facility's 140 acres in five years. Instead, O'Neil has sold 100,000
square feet to Staples, another 100,000 square feet to Natural Microsystems
Inc., and the Aquila space.
"We don't believe biotechnology could support our goals," says O'Neil,
convinced he can attract sophisticated firms regardless of whether his center
is identified as a biotech park. "It has taken Worcester almost 15 years to
make the park what it is today. We're not in a position to devote that much
time to this."
In fact, says WBDC chairman John Hunt, a favorable aspect of non-profits
overseeing a development project is that they don't need to worry about quick
fills and fast investment returns. WBDC has taken its time filling Biotech Park
because it could nurture it -- and ignore bottom-line gain. Hunt says WBDC has
always acted in a way that bolsters its "vision" of the park -- one that
creates jobs and expands the local tax base. Biotechnology may not represent
the future of Worcester, says Hunt, but it will continue to flourish here.
"The turnover [at Biotech Park] isn't an indication of whether biotechnology
is viable for economic growth," says Hunt. "Admittedly, we do not have a
Harvard or MIT in our back yard, but I don't think that's necessary for today's
biotech company."
Apparently not. Regardless of Biotech Park's vacancies, WBDC is devising site
plans for another biotech center -- CenTech Park in Grafton. Andrews describes
planning as "preliminary," yet confirms WBDC expects to break ground for roads,
lights, and other infrastructure needs by the end of July.
Unlike Biotech Park, WBDC aims to plot only the skeleton of CenTech Park by
rolling out roads and planting trees. WBDC will then try to sell parcels of the
120-acre park to large companies -- something it couldn't do in Worcester
because the fledgling industry had consisted of companies without capital to
invest, says Andrews. At Biotech Park, WBDC had to construct generic buildings
-- complete with lab and office space -- so that small companies would move
in.
By targeting large companies to buy parcels at CenTech Park, WBDC circumvents
the financial constraints it's faced in Worcester. Because of its non-profit
status, says Andrews, WBDC cannot simply borrow money to construct facilities.
Typically, WBDC has refinanced its buildings to construct more, or raised
funding from donors. Owning facilities has placed tremendous pressure on the
WBDC budget and its capabilities. Enough fiscal strain exists that selling the
park has tempted its executives.
"[Selling] is a possibility if it enables us to raise money to pursue other
projects," concedes Hunt, unwilling to say whether WBDC is now considering
bids. The organization has devoted the past 15 years to bolstering Biotech
Park. "The park has taken up all of our resources."
In order for biotechnology to survive here, says Goldberg, WBDC must consider
the larger network -- from Worcester to Boston and everywhere in between. MBRI
attempted to do this by opening facilities in Boston's Roxbury last June. The
group now operates 20,000 square feet of lab and office space in Boston
Emerging Industries Center at 20 Hampden Street. Upon opening its new facility,
MBRI came under criticism for sponsoring start-ups of two Boston-based
companies -- Coulter Cellular Therapies Inc. and CytoLogix Corporation.
Goldberg, though, sees the move as essential.
"Worcester needs to get over this intense rivalry with Boston and think of
itself as part of the Massachusetts biotech community," says Goldberg. After
all, most of the technology in Worcester today comes from outside --
particularly Boston. "We really have to be plugged into the overall network,
and being in Boston has done this."
MBRI has taken that one step further recently by offering Mark Roosevelt,
former Democratic gubernatorial candidate from Boston, a top position. Goldberg
refrained from stating the role Roosevelt will play at MBRI, except to allude
to Goldberg's own interest in operating a new venture-capital fund. Goldberg
describes the hiring of Roosevelt as a "fortuitous move for the
Boston-Worcester connection."
This connection has prompted some local insiders to suggest MBRI as the next
biotech element to leave Worcester for Boston. Goldberg says MBRI may move into
larger space but he adds, "We've no intention of shipping out of here." Not yet
anyway.
Kristen Lombardi can be reached at klombardi[a]phx.com.