The U.S. Economic Development Administration has awarded a $610,000 grant to support the launch of a program to assist innovative energy companies at the Eastman Business Park (EBP) in Rochester, NY.
The EDA investment, matched by private funding, goes to a $1.2 million program administered by the Innovation, Manufacturing and Materials Science Institute (IMMSI) at EBP to help current and prospective tenants in the park accelerate commercialization of their technology.
EBP secured the federal grant with assistance and support from Congresswoman Louise Slaughter, who brought an EDA representative down to New York for a tour of the park earlier this year in May. Rep. Slaughter also facilitated calls between the park and the EDA, and submitted a letter supporting EBP’s grant application.
In a release announcing the EDA grant, Rep. Slaughter said that Eastman Business Park is one of the region’s greatest economic assets and is already becoming a magnet for new high-tech energy companies and the jobs that come with those businesses.
Eastman Business Park Marketing Director Kelly Mandarano said in the release that they appreciate the efforts of Congresswoman Slaughter. Mandarano added that federal funding for this program can help them leverage the park’s unique manufacturing infrastructure and skilled workforce to support the growth of innovative energy companies and attract new businesses to the region.
Eastman Business Park (formerly Kodak Park) is a 1,200-acre technology center and industrial complex in Rochester, NY.
The park’s suite of test, validation, prototyping, and pilot manufacturing tools are designed to accelerate innovation out of the lab to high volume manufacturing, especially in the energy storage sector.
EBP has also received more than $90 million in NY State funding for infrastructure development, establishing public-private partnerships and attracting new companies to the park. Some of these initiatives supported by the State at EBP include the EBP Bioscience Manufacturing Center, and the Battery and Energy Storage Technology (BEST) Test and Commercialization Center.
Some parts of the park (Buildings 59 and 320) also qualify for the University of Rochester STARTUP-NY Plan where new and expanding businesses can operate tax-free for ten years.
As a result of all the available infrastructure and state and federal support and funding, EBP now has around 50 companies with about 6,500 employees, most of which are non-Kodak jobs.