Project Grant 017915306

Award Date 9/8/22
Completion Date Not listed
Dollars Obligated $20M
Federal Grant Program
11.307
Assistance Type
Project Grant
Place of Performance
Richmond, VA 23219, USA
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This $19.75 million Project Grant from the Department of Commerce Economic Development Administration's Economic Adjustment Assistance program will support the expansion of Virginia's domestic pharmaceutical supply chain. Funded initiatives include developing over 19,000 square feet of new wet lab space in Central Virginia to grow pharmaceutical manufacturing capacity. Infrastructure investments in Petersburg will sustain existing industrial operations. Engagement with local businesses will strengthen the regional supply chain for essential medicines and active pharmaceutical ingredients. Additionally, Virginia Commonwealth University and Virginia State University will partner to establish new training pathways for underserved residents to access high-quality jobs in pharmaceuticals. These coordinated efforts aim to develop industry clusters while prioritizing economic equity and good-paying employment opportunities. Full implementation of the grant will help boost U.S. competitiveness in global pharmaceutical manufacturing.

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