Pegasus Park: Epicenter of the DFW Life Science Hub

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.

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