Grant Will Create 2,000 Virginia Jobs

The US Department of Commerce has announced a $1.9 million Economic Development Administration grant for the Virginia Tech Foundation and the town of Blacksburg, Virginia. The money will help expand the Virginia Tech Corporate Research Center, creating 2,000 jobs.

The Virginia Tech Corporate Research Center, known locally as the Corporate Research Center or the CRC, is a science park on the Virginia Tech campus in Blacksburg, comprised of 19 completed buildings totaling 675,000 square feet on 120 acres of land. The CRC is located adjacent to the Virginia Tech Airport.

The CRC currently has 121 tenants and attracts an average of 20 new tenant companies each year. Tenants of the CRC include: the Defense Contract Management Agency, Honeywell Corporation, the Virginia Tech Institute for Critical Technology & Applied Sciences, and the National Weather Service.

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