Health Diagnostic Laboratory (HDL) CEO and co-founder Tonya Mallory recently won the prestigious Ernst & Young (E&Y) Entrepreneur of the Year® Award in the Emerging Company category.
Headquartered in Richmond, Va., HDL provides comprehensive testing for cardiovascular and other chronic diseases with a vision towards a more preventative approach to healthcare.
Since its founding in 2009, HDL has rapidly grown to more than 500 employees and has announced two expansions, expected to exceed $70 million, for its facility at the Virginia BioTechnology Research Park.
For 26 years Ernst & Young has recognized business leaders for their innovation and success through its Entrepreneur of the Year® awards. Winners were selected in 10 categories from a worldwide field of 2,000 companies and awarded at the E&Y Strategic Growth Forum gala in Palm Springs, Calif.
Mallory’s novel approach to laboratory testing epitomizes just the innovation Governor McDonnell had in mind when he declared 2012 “The Year of the Entrepreneur.” “Virginia is an incubator for good ideas and we have the right tax, regulatory and business climate for entrepreneurs to turn those ideas into job-creating businesses,” said McDonnell.
Virginia offered Mallory and the team at HDL the right infrastructure at the right time, including a prime location and workforce at the Virginia BioTechnology Research Park.
Adjacent to Virginia Commonwealth University, a Top 100 life sciences research center in downtown Richmond, the Virginia BioTechnology Research Park is located on 34 acres that include nine buildings and more than 1.1 million square feet of office and research space. The park employs more than 2,200 scientists, engineers and researchers through its 60 life science companies, research institutes, and state and federal labs.
The Commonwealth’s biotech industry is on the rise, gaining recognition as a No. 2 Emerging Biotech Hub in Business Facilities’ 2012 State Rankings Report. Virginia offers companies a central location in the Mid-Atlantic life sciences corridor and access to top research institutes, including SRI International, the Howard Hughes Medical Institute, 11 Federally Funded R&D Centers, and 20 FLC laboratories.
To learn why 800 life science companies have chosen to locate operations in Virginia, click here.