HARRISBURG, Pa., March 28 /PRNewswire/ -- On behalf of Governor Edward G.
Rendell, Department of Community and Economic Development Secretary Dennis
Yablonsky today announced $525,000 in funding by the Ben Franklin Technology
Development Authority (BFTDA) to support the Governor's technology-focused
economic development strategy.
"Providing funding for technology-based initiatives and projects is a
smart investment for Pennsylvania and its economy," said Secretary Yablonsky.
"The programs approved today will support the Commonwealth's emerging small
businesses, universities and communities. These programs will not only
enhance partnerships with new, hi-tech businesses, but will also create new,
quality jobs for Pennsylvanians."
The BFTDA is a state-funded network dedicated to fostering technology
innovation, strengthening the Commonwealth's economy and creating and
retaining high-salary jobs that require advanced skill levels. The BFTDA
provides funding for a host of technology initiatives and supports four Ben
Franklin Technology Partners throughout Pennsylvania that identify the most
promising technological ventures and support them with technical assistance
The following projects were approved by the BFTDA:
Navy Yard Keystone Innovation Zone: The Philadelphia Industrial
Development Corporation was awarded $100,000 for operating costs related to
the Navy Yard Keystone Innovation Zone, bringing the number of approved KIZs
to 13. Partnering with the Penn State University Applied Research Lab, Drexel
University, the Collegiate Consortium for Workforce and Economic Development
and the Naval Sea Commands Philadelphia Shipyard Systems Engineering Station,
the Navy Yard KIZ will concentrate on technologies in the physical and
engineering sciences with a specific focus on materials processing and power
and energy. The Navy Yard KIZ will also collaborate with the established
University City KIZ to assist early-stage companies in the life sciences
industry by offering additional suitable space for growth and expansion in the
City of Philadelphia.
Pennsylvania NanoMaterials Commercialization Center: The Pittsburgh
Technology Council was awarded $200,000 in funding for the establishment of
the Pennsylvania NanoMaterials Commercialization Center. The Center will
focus on ensuring that Pennsylvania is the market leader in the research and
production of new products and technologies related to nanomaterials. The
Center will develop and commercialize innovative solutions to meet the current
and future needs of the nanomaterials marketplace, which includes polymer
system enhancements, coatings, sensors and films applications. The
NanoMaterials Commercialization Center will bring together a cooperative of
companies and universities across the Commonwealth like PPG, Bayer
MaterialScience, U.S. Steel Corporation, and Alcoa, Inc., Carnegie Mellon
University and Penn State University, as well as long-standing players in the
Pennsylvania Initiative for Nanotechnology (PIN).
In an effort to ensure that the Commonwealth's companies are positioned to
continue their leadership in the field of nanomaterials research, the Center
will also work to become a federally funded center through the National
Nanotechnology Initiative (NNI). Led by the National Science Foundation and
the White House Office of Science and Technology Policy, the NNI is designed
to coordinate nearly $1 billion in nanotechnology research across 18 federal
Tri-County Technology Infrastructure: Pocono Mountains Industries was
awarded $225,000 for the Tri-County Infrastructure project. In cooperation
with the Colonial Intermediate Unit, the Pocono Mountains Industries will use
the funds to expand the telecommunication infrastructure throughout Monroe,
Pike and Northampton counties. This investment will help deliver new or
enhanced broadband access for several business parks and commercial locations
in underserved or disadvantaged areas. This project will also ensure
broadband access for all students K-12 in the Pocono Mountains region, as well
as for the public safety, healthcare, local government and non-profit
Governor Rendell's economic stimulus package contains several programs
that focus on technology development including the New Pennsylvania Venture
Capital Investment Program, Second Stage Loan Guarantee, the New Pennsylvania
Venture Loan Guarantee Program, Keystone Innovation Zones and the Research and
Development Tax Credit and its tradability. These programs focus investment
in new high-growth companies and channel support and funding for companies to
expand, create jobs and retain Pennsylvania's talent.
For additional information on any of the stimulus package programs, please
visit http://www.newPA.com or call 1-866-GO-NEWPA (1-866-466-3972).
CONTACT: Neil R. Weaver, Pennsylvania Department of Community and
Economic Development, +1-717-783-1132.
SOURCE Pennsylvania Department of Community and Economic Development