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Entergy Corporation Announces Half-Million Dollar Gift To UAMS Arkansas BioVentures at Groundbreaking Aug. 27

AUG. 27, 2002 | Entergy Corporation announced today that it will contribute $500,000 to a high-technology research and development program at the University of Arkansas for Medical Sciences (UAMS).

Hugh McDonald, president and chief executive officer of Entergy Arkansas,

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and Chancellor I. Dodd Wilson, M.D., announced the latest corporate gift to UAMS Arkansas BioVentures at a groundbreaking celebration for the BioVentures building.

“UAMS has a proven track record for turning research and development into entrepreneurial opportunities, and we are pleased to add Entergy’s support to the BioVentures project because we believe it will enhance the climate for business development, attract capital investment and create skilled jobs for Arkansans,” McDonald said. “The project is consistent with Entergy’s objectives of supporting economic development and education and increasing the per capita income of central Arkansans.”

Calling Entergy’s gift “historic,” Chancellor Wilson noted, “UAMS and Entergy have been partners for more than 20 years, together building a world-class academic health center that serves the people of Arkansas with excellent patient care; education for the sons and daughters of many Arkansans in all of the health care professions; dozens of outreach programs around the state; and of course groundbreaking basic and clinical research.”

SBC Southwestern Bell earlier gave $250,000 to the project; Fifty For The Future, a local civic and business group, contributed $100,000. The program also has received $1.6 million from the federal Economic Development Administration (EDA) and $900,000 from the State of Arkansas. Timothy O’Brien, Ph.D., is director of UAMS Arkansas BioVentures.

U.S. Rep. Vic Snyder spoke at the groundbreaking event, along with Pedro Garza of Austin, regional director of the EDA, and Carl Rosenbaum, chief executive officer of Safe Foods.

“UAMS Arkansas BioVentures is bringing together scientists, economic development leaders, and entrepreneurs in new projects that will lead to better health care and more jobs for Arkansans,” Rep. Snyder said.

BioVentures fosters scientific inventions and creation of Arkansas companies to manufacture the new products and services. The program’s first graduate, Safe Foods, will produce an antimicrobial product to treat poultry and other foods. Some of the other companies will manufacture prostheses for women who have had mastectomies; a new, more effective treatment for common warts; and a home test kit for ovarian cancer.

“We are very pleased that these agencies and corporations have shared our vision of public-private partnership and a new era of economic development in Arkansas,” Dr. O’Brien said.

 

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Contact:
Leslie W. Taylor
Phone: 501-686-8998
Wireless: 501-951-7260
E-mail: TaylorLeslieW@uams.edu