BioSTL’s Cortex Project Gets $1.5M in Tax Credits

By on January 17, 2019

From St. Louis Business Journal:  BioSTL’s plan to create more office and lab space for burgeoning startups has received a boost from the state.

The Missouri Development Finance Authority approved $1.5 million in tax credits on Tuesday to help the nonprofit raise funds to consolidate and build out its office and lab space for its BioGenerator Labs at the Crescent building, 4340-50 Duncan Ave., in the Cortex tech district. The organization is partnering with Washington University and the school’s affiliated BOBB LLC on the project.

“We are delighted that the Missouri Development Finance Board recognizes the benefits to St. Louis’ and the state’s economy delivered by BioSTL and its BioGenerator Labs,” BioSTL President and CEO Donn Rubin said in a statement. “This is an important step toward our serving as anchor tenant of a new epicenter of bioscience startups in St. Louis.”

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