The Center for Advanced Engineering and Research (CAER) will break ground on its new research and education center on Friday, November 6 at 9:30 a.m. at the New London Business and Technology Center in Bedford.
Funding for the 25,000 square foot research center was provided through a $7.6 million economic development grant from the Virginia Tobacco Indemnification and Community Revitalization Commission. Bedford County provided the land and helped to underwrite some of land planning costs and site preparation at the 500-acre business park.
The park is just off of Rt. 460 West in eastern Bedford County. ”Bedford County has a proactive approach to economic development and the New London Business and Technology Center provides an optimum location for continued growth," says Bedford County Administrator Kathleen Guzi.
”The CAER represents just the type of innovation envisioned for the park and we anticipate great things from the facility and future tenants.”
The CAER provides a central point for applied research, product development, commercialization, and professional training, in collaboration with local companies, research universities, federal laboratories and other partners.
”The CAER has been instrumental in arranging partnerships in our community that lead directly to new jobs,” says Jim Hicks, VP Business Development at AREVA NP and Chairman of the CAER Board. ”It is uniquely positioned to understand the capabilities of the university community and to match those with the needs of local industry.”
According to Bob Bailey, executive director for the CAER, research at the facility will be focused in four major areas that are complimentary to the region’s key industries.
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