A bio-tech, medical and research coalition in Oklahoma City is getting a $35 million federal Economic Development Administration grant as part of efforts to build up drug development and manufacturing on U.S. soil and cut reliance on overseas production. 

The grant, announced Friday by President Joe Biden and Vice President Kamala Harris, is one of 21 regional applications chosen through the Build Back Better Regional Challenge and will aid a project expected to create an estimated 1,952 jobs and attract $472 million in private investment for Oklahoma City’s innovation district. 

The grant for Oklahoma City, along with a $38.2 million awarded to Tulsa to develop an advanced mobility industry, represents the end of a process that started with 529 applications from across the country for the $1 billion competition.

“I take a look at this as a transition investment,” Biden said. “We estimate this will result in 100,000 jobs created or saved and over $7 billion in private investment in these 21 communities.” 

Read the full story on NewsOK.