AMICSTL Nets $15M in State Funding
Date Posted: May 16, 2023
Posted In: Projects,
From St. Louis Business Journal: The project to build a $55 million advanced manufacturing center in St. Louis received a major boost as the Missouri General Assembly included $15 million in the state budget to support construction.
Last year, the federal government through a national competition called the Build Back Better Regional Challenge, included $7 million toward construction of the 150,000-square foot center adjacent to the campus of Ranken Technical College in north St. Louis’ Vandeventer neighborhood.
Weeks before that announcement, The Boeing Co. (NYSE: BA) said it will provide $5 million over five years for the project, which is called the Advanced Manufacturing Innovation Center St. Louis, (AMICSTL).
“State investment in AMICSTL will significantly accelerate the St. Louis metro and region as a leading advanced manufacturing hub,” Dennis Muilenburg, the former Boeing CEO and chairman of the AMICSTL Board of Directors, said in a statement. He cited the leadership of several state legislators.
“We are also grateful for the assistance and partnership of Greater St. Louis Inc. on this transformative effort and our shared goal to expand and elevate advanced manufacturing in our state and region. All together, we anticipate AMICSTL will drive broad, equitable and diverse economic growth,” Muilenburg added.
Kory Mathews, CEO of AMICSTL, said in a statement that the advanced manufacturing center will “facilitate workforce development, leading-edge R&D, and prototyping/production capacity spanning multiple “vertical” capabilities in the region including aerospace, bioscience, construction, energy, and geospatial.”