Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
PHILIPPI, W.Va. (AP) — Alderson Broaddus University will receive a $773,000 grant to spur rural entrepreneurship.
The grant is being awarded by the U.S. Commerce Department's Economic Development Administration.
The university will use the money to create a business incubator facility. Officials estimate that the project will create 180 jobs and generate more than $14 million in private investment over the next nine years.
EDA's investment will help fund the construction of a business incubator facility on the first floor of the former Broaddus Hospital on the campus of Alderson Broaddus University. The new Center for Rural Entrepreneurship will serve the seven rural counties of Barbour, Braxton, Randolph, Upshur, Lewis, Gilmer and Tucker.
.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
