CONNECTICUT ALLOCATES $30 MILLION TO BUILD BIOTECH LAB SPACE
Connecticut Innovations, Inc. recently allocated $20 million of new state funds and $10 million of its own funds to develop biotechnology laboratory space in Connecticut. Connecticut Innovations’ new facilities fund can be administered using a variety of investment vehicles. The fund may offer loan or lease guarantees, enhancing the credit of companies that would not otherwise be able to qualify for leases.