On February 7, 2012, El Paso City Council set in motion a historic allocation of 75 percent of the city’s Impact Fund to the Medical Center of the Americas Foundation, potentially totaling more than $60 million. The money will be allocated over the next 18 years at approximately $3.2 million per year. The purpose of the funds will be to accelerate growth of the region’s long-envisioned medical hub, known as the Medical Center of the Americas (MCA).
The MCA Foundation has plans to use the money to develop the physical campus as well as to create a biotech industry that sharpens the region’s research, development and commercialization prowess while staying focused on the region’s niche health needs and demographics. Projects include infrastructure and programming.
