2026-2030 Economic Development Strategic Plan

Goal 1: Industry Diversification & Growth Strategic Action

Priority Year

Cost

1.5 Secure funding for innovation-focused infrastructure, such as clean energy, biotech or other specialized campuses.

Investment: Leverage federal and state grant programs such as USEDA, DOE, NIST, CEC to fund innovation/research centers. Innovation: Expand biotechnology and life sciences infrastructure (lab space, wet labs, scaled manufacturing) to support additional commercialization. Partnerships: Collaborate with anchor companies, utilities and developers to co-invest in development of building space suitable for innovation firms. Partnerships: Strengthen Higher Education-Industry collaboration by expanding translational research programs with a tech focus and encouragement of joint ventures.

a

Med 2

$

b

Med 3

$$$

c

Med 2

$

d

High 1

$

$ = less than $50,000 (or no cost)| $$ = $50,000 to $100,000 | $$$ = more than $100,000

40