This EDA investment supports the acadiana planning commission, INC

The Acadiana Planning Commission, Inc. received a $625,000 Project Grant award from the Department of Commerce Economic Development Administration on May 10, 2022. The funding supports the creation of a strategic plan under the EDA's Economic Adjustment Assistance program to develop a biopharmaceutical manufacturing cluster in Lafayette, Louisiana. The strategic plan will leverage existing and planned facilities and resources in the Acadiana region to increase bio-pharma productivity through three mechanisms: positioning shared tailored facilities, infrastructure, and suppliers; developing programs for matching workers to industry through deep labor markets; and promoting learning through dense, knowledge-rich environments that facilitate knowledge exchange and innovation. Once completed, the project aims to provide a vertically integrated ecosystem centered on the bio-pharma value chain, advancing economic resiliency, attracting private investment, and furthering economic diversification throughout the region.

With creating a strategic plan to develop a biopharmaceutical manufacturing cluster in lafayette, louisiana. The plan will help leverage existing and planned facilities and resources to increase BIO-pharma productivity in the acadiana region through three mechanisms: positioning shared tailored facilities, infrastructure, and suppliers; developing programs for matching workers to industry through deep labor markets; and promoting learning through dense, knowledge-rich environments that facilitate knowledge exchange and innovation. Once completed, the project will provide a vertically integrated ecosystem centered on the BIO-pharma value chain, which will advance economic resiliency, attract private investment, and further economic diversification throughout the region.