On Tuesday, Gov. Andy Beshear congratulated the University of Kentucky and its partners on breaking ground for a high-tech building at UK’s Coldstream Research Campus, a $15 million development to provide office and laboratory space for early stage, high-tech companies.
Known as “The Core – Collaboration. Research. Entrepreneurship.” the new facility will be an entry-level resource for companies looking to locate on the research campus. The project is supported by a $500,000 matching grant through the Product Development Initiative (PDI), a statewide investment program created to help communities supplement site or building improvement projects.
“An important part of securing a brighter future for Kentuckians is our ability to establish Kentucky as a premier destination for high-tech businesses,” Gov. Beshear said. “The addition of The Core at UK’s Coldstream Research Campus is evidence that PDI is one of a number of tools that can help us do just that. This new research lab will be a gateway for innovative startups looking to take that next step in their development. I want to congratulate everyone at UK, as well as their partners, on this significant step forward to ensure the sustained success of businesses in Kentucky.”