Lynntech, Inc., a leading science and technology company, will consolidate its operations under one roof making the former Westinghouse building its new headquarters. College Station Science Park, LLC has completed the purchase of the former Westinghouse property and surrounding acreage located at 2501 Earl Rudder South in College Station .
The Research Valley Partnership provided a $500,000 three-year term loan for property improvements. The project will add $3 million in facility improvements and more than $2 million of new annual payroll with 30 new jobs paying an annual salary of approximately $75,000. Lynntech plans to be in operation by September 1, 2009.
Lynntech is one of the nation’s top recipients of SBIR grants. It is a technology company that develops scientific and engineering concepts and presents the resulting innovations to the marketplace. The ability to transform cutting-edge science and engineering into commercial technologies allows Lynntech to create valuable partnerships, spin-off companies, and licensing opportunities in a variety of market spaces.
Courtesy: Research Valley Partnership | http://www.researchvalley.org