Wayne County is investing $1.5 million to create a stem cell wet lab in Plymouth that will house a number of up-and-coming small businesses specializing in research and commercialization of new drugs and other biotech advances.

The Michigan Center for Regenerative Medicine will feature a combination of wet lab, offices, and manufacturing space totaling 21,000 square feet in a soon-to-be renovated building. The center will be operated by the directors of the Michigan Research Institute in Ann Arbor and will count Innovative Bio Therapies as its anchor tenant. Other smaller firms are expected to sign on by the time it opens this fall.