Congressman Clyburn Announces Technology Incubator Grant Awarded to the University of South Carolina

Sep 3, 2014 Issues: Appropriations, Financial Services

(Columbia, SC) – House Assistant Democratic Leader and South Carolina Congressman James E. Clyburn announced today that the University of South Carolina in Columbia will receive a $1,974,000 grant for the construction of a new Entrepreneurship and Technology Commercialization Center in Columbia, S.C.

The U.S. Economic Development Administration (EDA) awarded this grant which is anticipated to create 698 jobs in the midlands area and provide $11.9 million in private investment to the community.  When built, this center will include a range of resources to support early stage business ventures and is the cornerstone of a new technology corridor, the USC Innovista Innovation District.  It will also serve as the regional hub for USC’s entrepreneurship, incubation, and acceleration programs.

“I am thrilled that the University of South Carolina will receive this investment from the EDA in order to develop a new entrepreneurship and technology center in Columbia,” Congressman Clyburn said.  “This grant will allow the University and the City of Columbia to give budding businesspeople the support they need to succeed in today’s economy.  Moreover, it gives the opportunity for hundreds of new jobs to be created thus assisting the Capital City in continuing to assist their economic development strategy.”