20 Aug IN THE NEWS: 401 Tech Bridge Secures $6 Million in Funding
401 Tech Bridge, an economic development organization, announced the completion of a $6 million funding round. A recently secured $2.3 million implementation grant from the U.S. Economic Development Administration (EDA) rounds out the capital raise to support the launch of 401 Tech Bridge, which includes the addition of a new 17,000 square-foot Advanced Materials and Technology Center in Portsmouth, RI.
The organization connects manufacturers, small businesses, research and development entities, trade organizations and state and defense agencies to collaborate in the development of new advanced materials and technologies, today
The EDA grant will cover construction costs for the new Advanced Materials and Technology Center, expected to open in the first half of 2021.