Jackson Lab and Presque Isle Receive $3.4M in Federal Grants

The federal government is giving more than $3.3 million in grants for biomedical research and medical device manufacturing to Jackson Lab and the town of Presque Isle. The Economic Development Administration is giving more than $1.8 million to Jackson Laboratory in Bar Harbor to help build a biomedical facility. It is also giving more than $1.5 million to the city of Presque Isle to develop a city-owned industrial building to accommodate the expansion of an orthodontic and medical device manufacturer Acme Monaco. The grants may help create more than 400 new jobs in the area. Read full story here