Project Grant 017915308

Award Date 9/8/22
Completion Date Not listed
Dollars Obligated $7.7M
Federal Grant Program
11.307
Assistance Type
Project Grant
Place of Performance
Richmond, VA 23298, USA
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The Economic Development Administration of the Department of Commerce awarded a $7.7 million Project Grant to Virginia Commonwealth University on September 8, 2022 under the Economic Adjustment Assistance program. The grant will support the Advanced Pharmaceutical Manufacturing Cluster led by the Virginia Biotechnology Research Partnership Authority to expand Virginia's domestic pharmaceutical supply chain.

Key initiatives include expanding wet lab space in Central Virginia to develop a pharmaceutical manufacturing corridor, investing in critical infrastructure in Petersburg to sustain industrial capacity, and engaging local businesses to enhance the regional supply chain. The grant will also fund a new partnership between Virginia Commonwealth University and Virginia State University establishing education and training pathways for underserved residents to access high-quality jobs in the pharmaceutical industry. Overall, the investment aims to strengthen regional industry clusters in pharmaceuticals while promoting economic equity and competitiveness. A $500,000 sub-award to Virginia State University will support a joint degree and research program with Virginia Commonwealth University.

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