Montgomery County EDC sets aside $250K to help small biotechs build out lab space

Montgomery County has set aside $250,000 to help small biotechs secure and build out wet lab space, the county’s economic development corporation announced Tuesday. Under the yearlong Bio Lab Pilot project, growth-stage biotechs that agree to be headquartered in Montgomery County for three years and to lease no more than 5,000 square feet of wet lab space, will be provided $10 per square foot for lab fit-out, up to $30,000 per company. (Wash. Bus. Journal)

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