[Source: The Arizona Republic] – Chandler is poised to spend millions on “Innovations,” a bioscience and technology incubator project that officials say could turn the region into a magnet for inventors, scientists and startup entrepreneurs.
The plan, which would offer small, reduced-rate lab spaces with the latest equipment, won unanimous backing on Friday from the city’s Economic Development Advisory Board. Members were told that the city would lease part of a vacant Intel building southwest of McClintock Drive and Chandler Boulevard, start renovations within weeks and open the site by May 1.
The City Council was expected to give final approval Thursday and Mayor Boyd Dunn said he anticipated overwhelming support. The money has been set aside for economic development, he said.
For more information: Chandler set to provide lab facilities for startups