KANSAS CITY, Mo. — About 225 jobs and $142 million in private investment are expected to come to Lawrence after the city received a $7.8 million grant to build a new Bioscience and Technology Incubator facility.
The U.S. Department of Commerce made the announcement on Thursday and says the facility will be built in conjunction with the University of Kansas Bioscience & Technology Business Center.
“Flooding and a tornado in 2019 severely impacted Lawrence and Douglas counties,” Commerce Department employee Dana Gartzke said. “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.”
According the department, the facility will increase entrepreneurial and research opportunities in the bioscience and technology sector.
The grant will be matched by more than $14 million in state and local funds, the department said.
The department did not say when the expanded facility is expected to be complete.