TAMPA, Fla. — FORGE, a Tampa Bay coalition led by Speros and Moffitt Cancer Center, has won a $47.3 million U.S. Economic Development Administration grant to build a radiopharmaceutical hub, the coalition announced Oct. 29. With matching funds from partners, the five-project portfolio totals approximately $88.2 million. The grant is federal money, not company spending.
The largest pieces are $16.9 million for Moffitt to build the core and shell of a 130,000-square-foot radiopharmaceutical manufacturing facility at Speros, its 775-acre Pasco County campus, and $15 million for a 120,000-square-foot office and wet lab building there. The rest funds an Embarc Collective startup incubator and training programs at the University of South Florida and Pasco-Hernando State College. The coalition projects FORGE-enabled growth will support approximately 4,000 regional jobs at full operation, including 1,100 direct jobs at Speros.
ON THE RADAR
Company: FORGE coalition (led by Speros and Moffitt Cancer Center, with USF, Pasco-Hernando State College and Embarc Collective)
Location: Speros campus, Pasco County, Fla. (Tampa Bay)
Investment: $47.3 million federal EDA grant (public money); approximately $88.2 million including partner matching funds
Jobs: Projected to support approximately 4,000 regional jobs at full operation, including 1,100 direct jobs at Speros
Type: Federal grant: radiopharmaceutical manufacturing, lab and training projects
Announced: Oct. 29, 2026
Source: FORGE coalition (Speros/Moffitt) release, Oct. 29, 2026