Foundation stone laid for science park in Haifa

The new park aims to concentrate one-site companies involved in bio-technology and nano-technology.

By MIRIAM BULWAR DAVID-HAY (TRANSLATED)
September 28, 2008 12:28

 
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The foundation stone for Haifa's new NIS 500 million Life Sciences Park - the first of its kind in Israel - has been laid at the southern entrance to the city in a festive ceremony, reports www.local.co.il. The new park, which is being jointly funded by the city of Haifa and local businesses, aims to concentrate one-site companies involved in bio-technology and nano-technology. According to the report, the new park will cover 31 dunams of land between the Israel Electric Corporation headquarters and the Haifa mall at the southern entrance to the city, and work will soon begin on the NIS 100 million first building, a seven-story tower to be built over three stories of underground parking. Mayor Yona Yahav said he wants to encourage companies to move to the park by offering them a 20 percent reduction in property tax, although this offer would need to be approved first by the Interior Ministry and the Treasury.

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