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Gainesville Region Receives Additional EDA Grant, University of Florida Breaks Ground for New Tech Business Incubator

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Officials with shovels at groundbreaking ceremonyU.S. Commerce Secretary Gary Locke today announced a $1.670 million U.S. Economic Development Administration (EDA) grant to Santa Fe College and the District Board of Trustees of Santa Fe College of Gainesville, Florida to build a biotechnology laboratory and classroom addition to the new Emerging Technologies Center. The project is expected to create 270 jobs and generate $380 million in private investment, according to grantee estimates.  More from Santa Fe College

U.S. Assistant Secretary of Commerce for Economic Development John Fernandez participated also in the groundbreaking ceremony for the University of Florida’s Innovation Hub in Gainesville, Fla.  The project received $8.2 million in funding from Commerce's EDA last year to help build the tech business incubator, which will serve as a catalyst for emerging and existing start-up companies seeking to bring to market technologies developed by the university and its research partners.  The project is expected to create 300 jobs and generate $30 million in private investment, according to grantee estimates.

 

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