Published in Breaking News
Expansion of WMU BTR Park gets federal funds COURTESY PHOTO

Expansion of WMU BTR Park gets federal funds

BY MiBiz Staff Tuesday, October 04, 2016 03:02pm

OSHTEMO TOWNSHIP — Newly-awarded federal funds will help Western Michigan University (WMU) move forward with the second phase of its high-tech business park.

The Kalamazoo university said in a statement today that it has received $2.1 million from the U.S. Department of Commerce’s Economic Development Administration to help with infrastructure development on the second phase of its Business Technology and Research (BTR) Park.

With the original BTR Park full, WMU has been planning the expansion to the adjacent 55-acre Colony Farm Orchard since 2015, as MiBiz reported last August.

The expanded BTR Park — located at the northwest corner of Drake Road and Parkview Avenue —  is expected to draw $50 million in new business investment and approximately 200 new jobs.

“Our universities are key drivers of innovation, job training and business development,” Department of Commerce Secretary Penny Pritzker said in a statement. “EDA's investment to expand Western Michigan University's business and technology park will directly support the region's growing manufacturing and biotechnical industry clusters.”

Construction on the project is expected to begin sometime in 2017.

Read 1823 times
SUBSCRIBE TO MIBIZ TODAY FOR WEST MICHIGAN’S FINEST BUSINESS NEWS REPORTING >