New incubator facility currently in development
During the past few years, the city has been engaged in a directed effort to further advance the science and technology ecosystem that exists in Monrovia. Those efforts have involved facilitating the establishment of LabLaunch Monrovia, which was only the second bio-tech incubator in the San Gabriel Valley (with the first being Pasadena Bioscience Collaborative), along with directed business attraction efforts aimed at the science and technology sector.
Those efforts have produced real and meaningful contributions in Monrovia during the past 36 months. The city has seen the addition of more than 300,000-square-feet of new office space users in the city, which have brought along with them more than 2,000 new jobs, primarily in the science, technology, and corporate office markets.