Dr. Gabby Everett, Site Head Director of Business Operations and Strategy, BioLabs
Pegasus Park is at the heart of an effort to make Dallas and North Texas a hub for life sciences, including biotech and pharma, which supporters say will create high-paying jobs and stimulate economic growth in related sectors. This could also boost venture capital and private equity investment—DFW secured $1.6 billion in life sciences VC funding from 2018 to 2022, ranking it eighth among U.S. markets, per a 2023 CBRE report.
J. Small Investments acquired the 26-acre Pegasus Park, formerly owned by ExxonMobil, in 2015. Partnering with Lyda Hill Philanthropies in 2020, they transformed it into a biotech and life sciences center. In September 2023, Pegasus Park gained further recognition when the federal Advanced Research Projects Agency for Health (ARPA-H) chose Texas as its "Customer Experience Hub" with a physical base at the park, offering grants for life sciences R&D with a $2.5 billion budget.
