Published 1 month ago

Another JDIG grant bites the dust as Durham company pulls out of agreement

Summary by Ground News

BioAgilytix Labs, LLC, a life science testing company that was founded in Durham in 2008 and is headquartered there, was due to receive up to $18,885,000, spread over 12 years if they held up their end of the agreement. Reports say it is now having trouble hiring new employees due to a downturn in biotech funding over the last two years.

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Carolina Journal

Another JDIG grant bites the dust as Durham company pulls out of agreement

The North Carolina Department of Commerce’s Economic Investment Committee (NCEIC) ended yet another Job Development Investment Grant (JDIG) on Tuesday after a Durham firm said it couldn’t create the 878 jobs promised under the agreement. BioAgilytix Labs, LLC, a life science testing company that was founded in Durham in 2008 and is headquartered there, was due to receive up to $18,885,000, spread over 12 years if they held up their end of the ag…

1 month ago

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