$51 Million Federal Grant for Precision Fermentation Hub to Drive Innovation, Growth, and Job Creation in Illinois
The Illinois Fermentation and Agriculture Biomanufacturing (iFAB) Tech Hub has secured approximately $51 million in federal funding from the US Economic Development Administration (EDA) as part of the Biden-Harris Administration’s Tech Hubs Program. The grant, which will support significant infrastructure expansions, aims to position Central Illinois as a global leader in biomanufacturing, promoting economic growth, job creation, and national security. The iFAB is supported by Innovate Illinois, a strategic initiative by Governor JB Pritzker and co-chaired by the University of Illinois Chancellor Robert J. Jones. Led by the Integrated Bioprocessing Research Laboratory (IBRL) at the University of Illinois Urbana-Champaign, it has secured over $680 million in cash match and strategic investments, demonstrating robust backing from multiple stakeholders. Governor JB Pritzker said, “Thanks to this $51 …