CHAMPAIGN – State Senator Paul Faraci announced that significant investments have been secured for the Illinois Fermentation and Agriculture Bio-manufacturing Tech Hub.

"This investment is a major win for Illinois," said Faraci (D-Champaign). "As game-changing technology continues to emerge, it is critical that our businesses in Illinois are prepared. iFAB's Tech Hub designation will not only bolster our state's local economies but it will put Illinois on the map, signifying our title as a major tech hub."

The $680 million in combined grants will help create the infrastructure needed for the state to meet current demand for bio-manufacturing and precision fermentation. iFAB exemplifies the state’s bio-manufacturing prowess, with a focus on fermentation as a bio-manufacturing tool. Bio-manufacturing converts crops like corn and soybeans into a range of commodities.

The project's ambition is to drive economic growth and innovation for a sustainable future by capitalizing on Illinois' strength in agricultural production.

"When universities and industry come together as partners, you see a massive increase in the speed of development and implementation,” said Robert J. Jones, chancellor of the University of Illinois Urbana-Champaign and co-vice chair of Innovate Illinois. “This ecosystem for discovery and innovation is what makes Illinois a leader in the field.”

For more information on iFAB Tech Hub click here.

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