Murrieta Gets $2.4M to Uplift its Innovation Center and Support Life Sciences Startups and Entrepreneurs

By: Sharjeel Sohaib

• 

Apr 26, 2022

 • 

Murrieta innovation center

Utilize Our Platform

The Economic Development Administration (EDA) has awarded the City of Murrieta, California, a $2.4 million grant to renovate the Murrieta Innovation Center and to create a life science business incubator.

We Covered this in our Weekly Wire Roundup

Uplifting and Supporting Startups and Entrepreneurs of Murrieta

By assisting entrepreneurs in the life sciences, emphasizing biotech, MedTech, and health tech, the investment is projected to boost company growth and generate high-paying employment. This initiative will help entrepreneurs, startups, and non-profit organizations in the biosciences industry build their businesses and create jobs. The EDA investment will be matched by $607,478 in local funding, resulting in 260 new employment, 61 job retentions, and $123 million in private investment.

“California’s thriving life sciences industry is a source of pride and an important economic driver in hubs throughout the state.” “This grant for Murrieta will support pioneering startups and entrepreneurs in the region, fostering innovation and propelling job growth well into the future.”

Governor Gavin Newsom

The funds will be used to build Riverside County’s second wet lab and the first in the Southwest Riverside County area. The money will also be used to build a cleanroom and new dry lab and renovate the center’s current office and conference rooms.

“Receiving this grant from the EDA means that more than $3 million will be invested in the Murrieta community.”

Murrieta Mayor Jonathan Ingram

“It will support high-paying jobs and will help carve the path for life-changing medical advancements, solidifies Murrieta as the home of innovation in the region. The Murrieta City Council is incredibly proud of our team for securing these funds and is proud to support this grant with a local match.”

Kim Summers, the city manager of Murrieta, thanked the EDA for their foresight and support of the city’s objectives.

“Our City Council and staff have worked diligently over the past decade to ensure that Murrieta is seen as the hub of innovation in this region. Receiving this grant will allow us to further expand the services and opportunities we can offer in the life science field, which means more innovation is to come from our community, and we couldn’t be more proud,” shared Summers.

The next stage will be a request for proposals (RFP) to design the new wet lab, clean room, creative office space, and MIC upgrades. At murrietaca.gov/Bids.aspx, you may sign up to get RFP updates.

Please visit the Economic Development Agency of the United States Department of Commerce’s website to read the press release.

About Murrieta Innovation Center (MIC)

The Murrieta Innovation Center (MIC) is the primary incubator for life science startups in Southwest Riverside County. The Murrieta Innovation Center (MIC) is a dedicated building constructed by the City of Murrieta in 2012 better to serve the region’s entrepreneurial and startup sectors. The MIC was contracted to local 501(c)3 Impact Southwest Riverside County in 2020 by the City of Murrieta. There are now nine biotech startups working out of the MIC.

0 Comments

Submit a Comment

Connecting you with the best startups, people & events in the Inland Empire.

Support Startup News & Media!


Enjoying the startup news & media? Support us!

We have big plans, and we need your help!

Startempire Wire is a community of people working together to promote innovation, entrepreneurship, and investment in the Inland Empire. We provide resources and connect people with the startup culture.

We believe that the Inland Empire has all of the ingredients for success. This region just needs a platform to show the world what it can do – And this is exactly what Startempirewire.com is doing. Our goal is to act as a megaphone to connect the dots between the best startups, events, and people in the Inland Empire.

We have big plans, and we need your help! If you are passionate about creating a thriving local startup ecosystem, then we would like to invite you to join in contributing to the community by supporting us. You can do that by supporting us financially or by being an active contributor. In return, we will give you (depending on sponsorship level) free access to our content, other level based perks &  the opportunity to connect with a network of passionate people working to build a better future for all of us.

We cover the good and the bad of entrepreneurship, startups & business events; we do it with passion and purpose. If you like what we do, support us & please consider becoming a patron. Your support is essential for independent local startup media to survive & thrive.

You can make a regular one time donation to become a sponsor at any level, or you can choose to become a monthly or event sponsor.  Every little bit counts! Thank You

Verious B. Smith III

Founder, Startempire Wire

Related Articles

OASIS Challenge: Showcasing Innovation in Sustainability

OASIS Challenge: Showcasing Innovation in Sustainability

RIVERSIDE, CA – The Southern California OASIS™ Challenge Pitch Finals, a much-anticipated event in the sustainability sector, is set to take place, spotlighting six innovative Inland Empire companies. These finalists, vying for $100,000 in grants and invaluable...

Stay Up On Startempire News

Access Premium Content

Startempire Wire premium content access is free during the beta period of our  website.  Join during beta and get a grandfathered discount when we launch.

$5 for first month then $15 per month

Get Every Update

Would you like to receive Startempire Wire updates in your inbox? Subscribe below!

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Follow Us

Follow Startempire Wire on other social media channels.

0
My cart
Your cart is empty.

Looks like you haven't made a choice yet.