LEAP: Capital Strategy to Build Industry around Cyclotron & Facility for Rare Isotope Beams
Tuesday, November 17, 2015
LEAP Announces Accelerating Capital Strategy to Build Industry around Cyclotron & Facility for Rare Isotope Beams
Harvesting a Rare Opportunity for the Region’s Particle Accelerator
LANSING, MI – The Lansing Economic Area Partnership (LEAP) announced a new innovative strategy for business recruitment surrounding Michigan State University’s National Superconducting Cyclotron Laboratory (NSCL) and the future Facility for Rare Isotope Beams (FRIB). LEAP received a grant from the Michigan Economic Development Corporation (MEDC) to conduct a study of this growing, new industry and the opportunities to develop it in the Lansing region. LEAP worked closely with many regional stakeholders as well as Kuntzsch Solutions to develop the strategy that was presented to the Accelerating Capital Task Force this morning.
Through LEAP’s Accelerating Capital Task Force, efforts have been made to expand on the potential economic activities that would and will potentially spin out of the NSCL as well as the future F-RIB. LEAP will recruit and grow private companies as well as manufacturers and suppliers to the Lansing region.
“Through assets like the Cyclotron and the FRIB, we know that the Lansing region can be North America’s number one accelerator region. In fact, we might already be that,” said Bob Trezise, President and CEO of LEAP. “We intend on using this new strategy to attract and grow an entire private sector industry around the Cyclotron and FRIB.”
The report identifies three areas of focus: Assessing the Lansing region’s ability to grow the particle accelerator industry, Identifying targets for business attraction, and Establishing marketing and outreach strategies to promote the region. This strategy is one of LEAP’s five targeted business attraction strategies, which also includes General Motors and auto suppliers, insurance companies, corporate talent portal, and food product-based businesses related to the Michigan State University Food Product Innovation Center.
“This strategy is cutting edge. To develop this strategy, we had to define the characteristics of what makes up the particle acceleration industry. We’re defining an industry that hasn’t yet been defined. We had to use a finely-tuned process to identify the proper companies to engage with globally,” said Steve Willobee, COO of LEAP and chair of the Accelerating Capital Task Force.
LEAP collaborated with Kuntzsch Solutions to complete the strategy and report. To download a copy of the summary report, please visit www.purelansing.com/acceleratingcapital.