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Center for Innovation and Entrepreneurship

Center for Innovation and Entrepreneurship

Project

Center for Innovation and Entrepreneurship ($11.25M, 51,000 sq. ft.)
The Center for Innovation and Entrepreneurship is Phase I of the ESU Research and Business Park being developed on 15-acres of property owned by East Stroudsburg University in Smithfield Township. The building is located on the corner of Brown Street and Route 447 in Smithfield Township.

The Center for Innovation and Entrepreneurship includes:

  • ESU Business Accelerator
  • Wet Labs for life sciences companies
  • ESU Northeast Infectious Disease Diagnostic Lab
  • ESU Entrepreneurial Leadership Center
  • ESU Division of Research and Economic Development
  • Computer Training Labs and Conference Rooms 


The economic impact of Phase I, the construction of a 51,000 sq. ft. Center for Innovation and Entrepreneurship as prepared by the Northeast Pennsylvania Alliance (NEPA) using its IMPLAN model, is expected to result in:

  • 595 jobs; and $57M into the Monroe County economy
  • 630 jobs and $59.4M in northeastern Pennsylvania; and 
  • 741 jobs and $85.7M in Pennsylvania 

Project Team

The project partners included the Redevelopment Authority of the County of Monroe and the Pocono Mountains Economic Development Corporation. The building was constructed by Sordoni Construction Services, Inc., designed by hemmler+camayd architects, and engineered by Boucher and James, Inc. The building is funded in part by a $2.5M Redevelopment Assistance Capital Program (RACP) grant from the Commonwealth of Pennsylvania; $1.2M Economic Development Administration (EDA); $75,000 from the Appalachian Regional Commission (ARC); $1M Local Share Account Gaming – Monroe County; $281,000 PA State System of Higher Education (PASSHE); $60,000 legislative funding; and $25,000 from the Sordoni Foundation. The construction loan is in collaboration with Luzerne Bank (lead bank), Fidelity Deposit and Discount Bank and Penn Security Bank.

ESU CFRED Tenants

Site Map

Contact Information

Center for Research and Economic Development
East Stroudsburg University
314 Independence Road
Route 447 and E. Brown Street
East Stroudsburg, PA 18301

  •   Directions
  •   Phone - (570) 422-7920
  •   Fax - (570) 422-7951
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East Stroudsburg University is a Member of the Pennsylvania State System of Higher Education