UT Receives $2M for Science and Technology Corridor

TOLEDO -- The University of Toledo will celebrate the award of a $1,952,000 grant from the U.S. Department of Commerce, Economic Development Administration on Monday at 9:30 a.m. on its Health Science Campus just east of The University of Toledo Medical Center on Arlington Avenue.

This grant, combined with matching funds, will allow ground to be broken for the construction of new roads and infrastructure, including sewers and lights, in the south perimeter of the Corridor.

The Corridor is geographically located generally between UT's Main, Health Science and Scott Park campuses. Throughout that area there is a focus on investing in technology-based enterprises that draw upon expertise and knowledge at UT.  

The mission of the University of Toledo Science and Technology Corridor, "Where Research and Innovation Mean Business," is to grow, diversify, and transform the regional economy working collaboratively with the northwest Ohio business and economic community.

"In addition to teaching and research, the role of universities is becoming more and more about helping communities compete in the economy," said UT President Dr. Lloyd Jacobs. "The Science and Technology Corridor is where The University of Toledo offers a tie and opportunities to the community."

The Science and Technology Corridor is currently recruiting businesses that align with research efforts at the University. Scientists and researchers are also encouraged to commercialize their findings by setting up businesses in one of UT's incubators.  

Robert Sawyer, the regional director of the U.S. Department of Commerce, Economic Development Administration; U.S. Congresswoman Marcy Kaptur, representing Ohio's 9th District; Dr. Lloyd Jacobs, president of UT; Richard Stansley, chair of the UT board of trustees; Jesse Gannon, community liaison for U.S. Senator Sherrod Brown; Linda Greenwood from the office of U.S. Senator George Voinovich; and Carleton Finkbeiner, mayor of Toledo, will speak at the event prior to a check presentation.