April 27, 2009
The latest development in NDC’s 20-year partnership with the City of Abilene , TX is the Abilene Life Sciences Accelerator (ALSA), a state-of-the-art facility with laboratory space and shared research equipment for six to eight fledgling biotech companies. The ALSA is a critical component of the City of Abilene’s on-going community development strategy. As the only facility of its type in West Texas, the ALSA is poised to brings new jobs to Abilene and diversify the regional economy.
NDC’s latest New Markets Tax Credit (NMTC) allocation was the last piece of the financing puzzle: a $7 million loan from the Development Corporation of Abilene is being used as leverage for a total NMTC investment of $10 million. Read more.