Hormel Foundation to contribute $23 million to expand Institute - KTTC Rochester, Austin, Mason City News, Weather and Sports

Hormel Foundation to contribute $23 million to expand Institute


AUSTIN, Minn. (KTTC) -- The Hormel Foundation is matching state funding by donating $13.5 million for the $27 million expansion of The Hormel Institute in Austin.

An additional $9.5 million was awarded by the foundation to be used for recruitment of top scientists, equipping the labs with state of the art equipment and creating a work environment for cancer research.

The expansion of the Institute, which is set to break ground in 2014, could bring in as many as 20 new laboratories.

The expansion could also add up to 100 new jobs to Austin.

Powered by WorldNow
All content © Copyright 2001 - 2014 WorldNow and KTTC, a Quincy station.
All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Jodi Neyens at (507) 280-5104. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at fccinfo@fcc.gov.