Ashford Announces State Release Of Over $2.5M In Funding For UT, Regional Development
Funds to help campus research facilities, energy efficiency upgrades and small business technology

State Rep. Michael Ashford (D-Toledo) today announced the release of some $2.5 million in state funds to several projects for the University of Toledo (UT) and a local business start-up’s technology commercialization. The funding was approved today by the state Controlling Board, a panel tasked with oversight of state spending.

The University of Toledo received $1,617,800 to upgrade seven existing buildings with the most critical need for weatherproofing, new roof replacements and façade restorations. The university also received $811,920 to improve close to one-third of North Engineering, a classroom and laboratory building on the main campus, to make it more energy efficient and cut down on energy costs.

“As one of Ohio’s leading public institutions, the University of Toledo is making strides to provide our community, students, faculty and staff with state-of-the-art facilities through these smart investments,” said Ashford. “I am always excited to see our region develop and grow with an eye on the future, and that is exactly what UT is all about.”

Today, Ashford also announced that Toledo-based company, RegenFix, LLC, received $150,000 in state Technology Validation and Start-Up Fund dollars to supplement matching funds for the development of custom prosthetic devices to assist in healing damaged bones.

The university received an additional $100,000 in Technology Validation and Start-up Fund money for the testing and development of a compound to treat bone defects without multiple patient injections. Half of the funding will go toward a project to develop a specialized miniature medical device that stimulates the larynx of stroke victims and patients who have trouble swallowing.  

“These investments help transition technology developments at UT and local non-profits to market, making us stronger and more competitive economically,” said the Toledo lawmaker.

Validation and Start-Up Fund grants help transition technology developed by Ohio institutions of higher education, and other nonprofit research institutions, into the marketplace through Ohio start-up companies. 

Featured Posts

Ashford's Bipartisan Predatory Lending Reform Bill To Become Law


State Rep. Michael Ashford (D-Toledo), a joint sponsor of House Bill 123, today issued the following statement in response to Gov. Kasich’s signing of the bill to crack down on predatory short-term lenders in Ohio:


Crucial Consumer Protections Headed To Governor's Desk


House Democrats today applauded the passage of House Bill (HB) 123, a bipartisan effort to enact consumer protections for the thousands of Ohioans who utilize short-term loans every day. Borrowers in Ohio currently pay some of the highest rates in the nation for payday loans, with estimated average interest rates at over 500 percent.