City of Austin receives $2.2 million for Creekside Park
(ABC 6 News) – It’s another big step forward for the business community in Austin. The city is receiving millions from the federal government to continue building out Creekside Business Park, the new home of Nu-Tek Biosciences.
The $2.2 million grant comes from the American Rescue Plan Act, and the City, along with the Port Authority and Public Utilities will use $2.2 million of local funds to match it. The money will go towards paving, and bringing electricity and water into the area.
The goal is to eventually bring more businesses into the area alongside Nu-Tek to grow the biosciences industry in Austin.
“Advanced food, advanced agriculture, biotechnology, and biomanufacturing. What it does is brings quality jobs. It increases capital investment for the community,” said John Garry, the President and CEO of the Development Corporation of Austin.
The City says right now, they are hoping to bring in a pharmaceutical company to settle down at Creekside in close proximity to Nu-Tek. Nu-Tek creates a vital protein to pharmaceutical manufacturing, making that spot more attractive to pharmaceutical companies.
“Having one success story can lead to another. It feels really good to be able to bring those kinds of resources and help with the competitive advantage for our business growth,” said City Administrator Craig Clark.
The city says contractors will start surveying the 150-acre space this fall, and construction will start next year.