Tacoma’s biotech incubator was meant to help fuel city’s growth. What happened?

For years, a nonprofit biotech hub was a prime force leading Tacoma’s aspirations in the life-sciences sector. It made headlines for its research during COVID-19 along with its education, research and incubator services.

For the past eight months, it has been winding down operations.

RAIN Incubator, 2304 Jefferson Ave., officially shut down at the end of 2024. The move came after a board of directors’ decision earlier that summer following several budget reviews of the hub’s dwindling finances…

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