University of Kentucky Coldstream Research Campus - Kentucky(USA)
University of Kentucky's Coldstream Research Campus (CRC) is located in the heart of the Bluegrass Region of the United States. Situated on a former horse farm, the CRC is home to established leaders and visionary start-ups in high-technology industries such as biotechnology, life sciences, pharmaceuticals, and veterinary medicine.
In 1957, the University of Kentucky's College of Agriculture purchased Coldstream Farm, a stud and cattle operation owned by local farmers, Mr. and Mrs. Henry Knight. For 40 years, research in animal behavior, husbandry science and technology, and veterinary medicine was performed by scientists, educators and students as part of the university's Cooperative Research Station.
In 1987, the Board of Trustees blocked any future sale of the Coldstream land. It was declared that the land be retained in perpetuity by the University, but there was no restrictions placed on how it was to be used.
In 1992, zoning of the land was changed from agricultural to commercial by the Lexington-Fayette Urban County Council. This zoning change initiated the development of what is now the CRC.
Great efforts were made to involve the neighboring community in the campus planning. While the prospect of economic growth and sustainability was a common goal, local residents were concerned that commercial development would bring unwanted skyscrapers and fast food restaurants, disrupting the beauty of their rural landscape. Thus, the architecture and design of the CRC incorporates mixed-use, visually appealing buildings among several parks and wide open spaces that preserve the natural vistas.
Over 60 companies, many with commercial interests in the agricultural and animal health sciences, do business at the CRC. Approximately 2,000 people work at the Coldstream campus which is comprised of 20 buildings spread over 735 acres. The annual payroll of the CRC workforce is estimated at $62 million.
The Bluegrass Business Development Partnership (BBDP) encourages partnerships between UK research labs and incubators and high-tech workplaces, especially the commercialization of agrarian and zoological innovations. The results of the BBDP's efforts have been strong with an impressive patent portfolio in pharmaceutical development and design, plant biotech, equine health, and medical devices. Some of the major players in the success of the CRC are Alltech, BET Laboratories, Coldstream Laboratories, Inc. and Equine Diagnostic Solutions.
The Kentucky Economic Development Finance Authority (KEDFA) is actively encouraging economic investment and job growth at the CRC by offering tax credits to cutting-edge innovators. These performance-based incentives allow companies to recapture a portion of their initial investment by reaching job and investment targets over a specified amount of time. Two recent additions to the CRC, made possible by way of the KEDFA program, are Allylix and Hummingbird Nano.
Allylix, a renewable chemicals company, invested $1.6 million at the CRC to expand its research capabilities by adding 3,700 square feet of laboratory space. The expansion resulted in 14 new jobs.
Hummingbird Nano, a manufacturer of molded, ultra-small components for high technology industries, and whose headquarters were established in Lexington in 2012, recently invested $500,000 in an expansion effort at the CRC. The new facility, which added 18 employees to the payroll, will produce precision devices for the health and biotech sectors.
The CRC can be found at Exit 115, Newtown Pike, located at the junction of two major Interstate highways, I-64 (East-West) and I-75 (North-South). The campus is a 5-minute drive to downtown Lexington and just 12 minutes from UK. Lexington's central location makes the CRC an attractive place for commercial enterprise.
Cincinnati, Ohio is located just 80 miles to the north of Lexington, and Louisville is 75 miles to the west. Two-thirds of the U.S. can be reached within a day's drive with half the nation's population located within 600 miles. Bluegrass Parkway takes travelers to western parts of Kentucky while the Mountain Parkway heads east.
Blue Grass Airport (LEX) is a located at the intersection of Man O' War Boulevard and Versailles Road, just a 15-minute drive from CRC. LEX is served by seven major airlines which provide approximately 90 flights daily. Convenient non-stop service is available to major U.S cities including Atlanta, Chicago, Dallas, New York and Washington, D.C.
Lextran operates the mainline bus service. Seventy-three regular buses, the UK campus shuttle service, and a door-to door paratransit service, the Red Cross' WHEELS, are part of the Lextran system. Each bus is equipped with bike storage and wheelchair accessibility.
The CRC was designed with respect to the region's natural landscape. There is a 225-acre park within the CRC which provides a tranquil, lunchtime respite as well as a green, alternative meeting space. In addition, Legacy Trail, a 12-mile, paved running and biking path, connects downtown Lexington to the Kentucky Horse Park, and runs through the CRC. For those who bring four-legged friends to the office, a 12-acre, fenced-in dog park is also available.
Over 1,400 hotel rooms and nine restaurants are located off of Exit 115, adjacent to the CRC. A conference center with connecting suite hotel is located on-site.