DENISON, Texas (KTEN) — The Grayson College Board of Trustees is asking voters to approve a $456.5 million bond in an election this Saturday.

The money would be used for renovations and new spaces for the school's health sciences and industrial technology programs, including an expansion of the Texoma Tech Hub.

Because the required equipment is so expensive, the program can only accommodate about 36 students at a time to complete the year-long program.

Phase Two of the bond would help expand that program, and build a new Industrial Technology Education facility.

Texoma has one of 31 Tech Hubs across the country selected by the Biden administration based on the region's potential to become globally competitive.

The program provides local students with the skills required to earn $50,000 to $70,000 right out of high school in the technology sector.

One goal is to strengthen the local economy by creating a pipeline so students who go to school in Grayson County can stay and work here.

Grayson College President Dr. Jeremy McMillen said the bond would not increase taxes. Over the course of ten years, the money would be used as it becomes available.

Election Day is Saturday, May 4.