Curiosity Lab good example of EDA funding in action
A $1.8 million grant in 2018 through EDA's Economic Adjustment Assistance program enabled Curiosity Lab to purchase and renovate a building in Georgia, creating classroom, laboratory, and office space.
Ever wonder how the U.S. Economic Development Administration’s (EDA) funding helps communities? Well, there’s a good example in the latest newsletter from the EDA Regional Office in Atlanta.
Curiosity Lab is a technological business incubator and living laboratory in Peachtree Corners, GA that provides a test environment for more than 50 local businesses to advance smart city technology and next-generation intelligent mobility. Founded in 2019 to drive business growth within the city, the then concept was successful in securing a $1.8 million grant through EDA’s Economic Adjustment Assistance program. That funding enabled Curiosity Lab to purchase and renovate a building, creating classroom, laboratory, and office space. It offers 25,000 square feet spanning a 500-acre innovation ecosystem.
Today, Curiosity Lab is now home to a variety of industrial sectors, including agriculture, construction, software development, and green technology. Equally important, colleges and universities such as Georgia State and the Georgia Institute of Technology offer advanced education to help fill the need for high-tech jobs.
Click here to learn more.