NORMAN — The Norman City Council approved a contract that will bring the first tenant to the Advanced Marketing Center in the University North Park TIF district at its Tuesday night meeting. The vote passed in a 8 to 1 vote, with Council member Greg Jungman voting against.
“This has been a long road. We had a dream for what we wanted to happen at University North Park,” Norman Economic Development Director Don Wood said Tuesday night as he spoke before the Norman City Council.
The TIF includes money budgeted to build the corporate Center and the Advanced Manufacturing Center. The NEDC is using a $2.5 million grant from the Economic Development Authority to assist with the cost of 60 acres the NEDC bought from the UNP developer. Now, the NEDC is proceeding with its portion of the infrastructure.
“We’re going to be putting in all of the roads, we’re putting in water and sewer, we’re going to be turnkey ready to go,” Wood said.
The first tenant proposed for the Advanced Manufacturing Center is Immuno Mycologics Inc., or IMMY.
Wood said the NEDC used two models to analyze the potential economic impact of development in this area.
“This is a great company,” Wood said. “It basically started in a barn out by Washington (Okla.).”
Founded in 1979 by Stan Bauman, IMMY developed, manufactured and marketed immunodiffusion, complement fixation and latex agglutination tests for diseases too small to catch the eye of large companies. Bauman’s sons bought the company in 2002 and developed the product line further.
Their success spurred growth, and IMMY moved to the Norman Business Park in 2007. Now, they’ve outgrown that facility and need to expand. The lot in the Advanced Marketing Center is an opportunity to keep the company in Norman.
IMMY creates tests for rare and neglected diseases that large companies overlook.