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Missouri State University’s Jordan Valley Innovation Center was selected for a $5.4 million grant.
The Missouri Technical Corp. announced JVIC is one of two recipients for the Advanced Manufacturing Resiliency Grant Program. Along with funding for the API Innovation Center at Cortex Innovation Community in St. Louis, total grant distributions are nearly $14.9 million.
The grant funding is earmarked to promote the manufacturing of essential products, such as semiconductors.
"The Jordan Valley Innovation Center advanced manufacturing node will advance Missouri-based projects and technologies to strengthen the semiconductor industry,” said Allen Kunkel, associate vice president for economic development and director of JVIC, in a news release.
JVIC in downtown Springfield is a space for MSU students and corporate partners to conduct research. JVIC recently has received a combination of state, university and county funds, specifically the American Rescue Plan Act under Greene County.
MTC is a public-private partnership to promote the growth of high-tech companies and focus on investments for entrepreneurship in Missouri. The Advanced Manufacturing Resiliency Grant Program provides grants to organizations in Missouri that focus on the infrastructure and manufacturing that is important to the national security of the United States, according to the release.
The first downtown Springfield branch for Arvest Bank opened; a longtime licensed massage therapist became a first-time business owner; and 7 Brew Coffee opened its fourth shop in Springfield.