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October 16, 2020 10:06 AM Site staff
WASHINGTON – U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $7.8 million grant to the Bioscience & Technology Business Center at the University of Kansas in Lawrence, Kansas, to build a new facility to increase entrepreneurial and research opportunities in the bioscience and technology sector. The EDA grant, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will be matched with more than $14 million in state and local funds, and is expected to create 225 jobs, retain more than 100 jobs, and generate $142 million in private investment.