A Shot in the Arm
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Illustration via Adobe Stock
“An ongoing effort to develop a domestic pharmaceutical supply chain in metro Richmond earned a special designation in October as an advanced pharmaceutical manufacturing tech hub, which comes with access to millions of federal dollars for its work.
The hub designation from the U.S. Economic Development Administration covers the Richmond Metropolitan Statistical Area, a large portion of Central Virginia. The consortium, led by the Commonwealth Center for Advanced Marketing in Prince George County, is one of 31 national tech hubs created under the federal CHIPS and Science Act. Each hub is now eligible to apply for $40 million to $70 million in federal funding.”