Bulk of Funding to Spur Advancements in Alternative Energy
HARRISBURG, Pa., Jan. 26 /PRNewswire-USNewswire/ -- Governor Edward G. Rendell stressed the importance of supporting promising new Pennsylvania companies today as he announced recent state investments that will advance cutting-edge alternative energy technologies, bring new products to the marketplace, and provide crucial seed money that will fuel future economic growth and create new jobs.
"Technology-based industry is a huge economic driver for Pennsylvania," Governor Rendell said. "By using our resources wisely, we are equipping our universities, venture capital firms, and economic development partners with the tools they need to bring new ideas to the marketplace and support young companies. These investments will help solidify our reputation as a leader in technology investment."
The Ben Franklin Technology Development Authority, or BFTDA, approved the investments totaling $6 million last week during its quarterly meeting. BFTDA has leveraged more than $2 billion since 2003, resulting in 14,000 high-value jobs, Governor Rendell said. Learn more.