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Plasma center is Drexel's lastest move into NJ

Drexel University's Plasma Institute, the nation's larges such research center, is moving its laboratories to Camden's Waterfront Technology Center, reports The Philadelphia Inquirer.

"We don't think of the [Pennsylvania-New Jersey] border as significant," said Mark Greenberg, Drexel's provost. "We're a region here."

By all accounts, New Jersey has welcomed Drexel's interest. For example, the Plasma Institute's labs on the entire fifth floor of the Waterfront Technology Center were built at no cost to Drexel, with $3.5 million coming from the New Jersey Economic Development Authority and $1.5 million from the federal Economic Development Administration. The institute also received $158,355 toward its 10-year lease from the $175 million fund that came with the 2002 state takeover of Camden.

The institute was crowded out of its space at 34th Street and Lancaster Avenue in Philadelphia, according to its director, Alexander Fridman. But it also was attracted to working in the same building as the Applied Communications and Information Networking (ACIN) program, a business incubator Drexel started in Camden several years ago to develop technologies and products for military use.

Original source: The Philadelphia Inquirer
Read the full story here.

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