The Illinois Institute of Technology unveiled a new research facility that's set to house more than 30 start-up businesses. IIT Provost Alan Cramb says the "Incubator-south" facility will allow the university to develop strong leaders and entrepreneurs.
Governor Pat Quinn was on hand for the unveiling ceremony. He says the state's long-term economic vitality depends on projects like this one, which provides an environment of innovation and growth. The state dished out nearly 16-million dollars to support the IIT expansion.