Virginia

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Protea Biosciences Inc. Recieves Loan for New Equipment

17 May, 2009


The West Virginia Economic Development Authority gave final approval for a $242,631 loan to Protea Biosciences Inc. Protea will purchase and install equipment at its facility in Morgantown, MonongaliaCounty. In 2008, the company advanced from its research stage to a fully operational biotechnology company. The new equipment allows Protea to increase production capacity and commercialize its proprietary products.

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