Kansas sees $7.8 million investment for Bioscience, Tehcnology Incubator Facility – WIBW

LAWRENCE, Kan. (WIBW) – The U.S. Department of Commerce has invested $7.8 million to establish a Bioscience and Technology Incubator Facility in Lawrence’s Opportunity Zone.

The U.S. Department of Commerce says its Economic Development Administration is awarding a $7.8 million grant to the Bioscience & Technology Business Center at the University of Kansas to build a new facility to increase entrepreneurial and research opportunities in the bioscience and technology sector. It said the grant will be matched with over $14 million in state and local funds. It said it is expected to create 225 jobs, retain over 100 jobs and generate $142 million in private investment.

“The Trump Administration is committed to empowering our nation’s entrepreneurs so they can innovate, thrive, and create new jobs for Americans,” said Secretary of Commerce Wilbur Ross. “This project will provide much-needed, highly specialized wet-lab space for the development of bioscience companies, and the project’s location in an Opportunity Zone will attract additional private investment.”

“Flooding and a tornado in 2019 severely impacted Lawrence and Douglas counties,” said Dana Gartzke, Performing the Delegated Duties of the Assistant Secretary of Commerce for Economic Development. “This project will expand the Bioscience & Technology Business Center by building a 66,000-square-foot facility that will help the region diversify its economy, become more resilient in the face of future natural disasters, and capitalize on its Opportunity Zone designation to further transform the community.”

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