The U.S. Economic Development Administration has awarded a $755,000 grant to the University of South Dakota Discovery District’s corporate and academic research park for infrastructure development.
The 80-acre research park is in development Sioux Falls, South Dakota.
“The Economic Development Administration is committed to providing American entrepreneurs with the tools they need to grow and thrive,” U.S. Assistant Secretary of Commerce for Economic Development Jay Williams said. “This grant will help to establish the USD Discovery District, which will help to boost the region’s bioscience research industry cluster.”
The grant will be put toward the building of 2,800 feet of roads and the utilities required to start on site building construction.
“This strategic investment by the Economic Development Administration, in addition to those committed from the state and the Sioux Falls business community, serves as the catalyst to begin physical construction of the district,” USD Discovery District President Rich Naser Jr. said. “Now with initial funding secured, we can move ahead finalizing construction plans, putting the project out to bid and scheduling a public groundbreaking ceremony, bringing us closer to realizing the benefits of this catalytic project.”