Title II section 201 public works assistance the EDA investment supports the development of wet lab space and a clean room in the university of new orleans research and technology park

The U.S. Department of Commerce Economic Development Administration (EDA) awarded a $1.67 million Project Grant under the Investments for Public Works and Economic Development Facilities program (CFDA 11.300) on July 8, 2021 to the New Orleans Business Alliance. The funding will support the development of wet lab space and a clean room in the University of New Orleans Research and Technology Park. These biotech labs will be part of an information technology center located in the park. The project is expected to generate $5 million in private investment and create 39 jobs while retaining 19 existing positions. Through construction of critical infrastructure and facilities, the EDA Public Works program aims to catalyze economic development in distressed communities.

The biotech labs will be a key part of the information technology center located in the UNO research and technology park. The project will be matched by local funds and is expected to create 39 jobs, retain 19 jobs and generate $5 million in private investment. The regional planning commission's southeast development district (RPC) of new orleans, louisiana has been an integral part of the project development of this EDA investment. EDA funds RPC to bring together the public and private sectors to create an economic development roadmap to strengthen the regional economy, support private capital investment and create jobs.