Building Beyond Tomorrow

Gov. Pritzker, IL Congressional Leaders Announce iFAB Awarded $51 million EDA Tech Hubs Grant

URBANA – Today, the U.S. Economic Development Administration (EDA) announced that the state has secured approximately $51 million in federal funding for the Illinois Fermentation and Agriculture Biomanufacturing (iFAB) Tech Hub, leveraging the state’s leading production of raw agricultural materials to develop sustainable alternatives to fossil fuel-based products. This pivotal funding from EDA marks a significant milestone in advancing Illinois’ leadership in the precision fermentation and biomanufacturing industry – propelling economic growth, business development opportunities and the creation of good-paying jobs.