City Officials, including Mayor, Lyda Krewson, Otis Williams of SLDC, investors and supporters of the geospatial world converged downtown Thursday morning to the T-REX building, to witness the unveiling of the construction of ‘Geosaurus’, a new office space that when completed, will be available to startup companies that specialize in geospatial technology.
The new facility will be nearly 15,000 square feet in size and will be housed on the fourth floor of the T-REX Technology Incubator at 922 Washington Ave. in downtown, St. Louis. The name of the facility, 'Geosaurus’, stems from Bayer's Geospatial Innovation and Resource Center. Bayer, provided a $500,000 grant for funding toward the project. Bayer, acquired Monsanto in 2018.
T-REX was chosen as the location because of its' proximity to the National Geospatial-Intelligence Agency, who will be building a new facility in North St. Louis. The NGA is charged with producing the geospatial information and intelligence that provide the eyes of our national security operations.
Otis Williams, Executive Director of St. Louis Development Corporation stated, “St. Louis is well and uniquely suited to become the “go to” destination for the geospatial intelligence industry, and with the addition of ‘Geosaurus’ here at T-REX, should quite possibly begin a branding/marketing campaign as the “City of Geospatial Intelligence.”
‘Geosaurus’ will provide office space for start-up companies focused on geospatial technology, innovation, workforce training and collaborative partnership opportunities with area universities," Bayer said in a statement. "It will also become a talent pipeline for companies like the NGA and Bayer, where agriculture is becoming more reliant on precise mapping data.
About the St. Louis Development Corporation (SLDC)
St. Louis Development Corporation (SLDC) is an umbrella, not-for-profit corporation organized under Chapter 355 of the Missouri State Statutes with the mission of fostering economic development and growth in the City of St. Louis by stimulating the market for private investment in City real estate and business development and improve the quality of life for everyone who lives in, works in, and visits the City. The mission of the SLDC is to stimulate the market for private investment in City real estate and business development and improve the quality of life for everyone who lives in, works in, and visits the City of St. Louis.
If there are questions, please contact John Parker, Director of Corporate Communications and Media at 314-363-1102 or email email@example.com
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