PRTODAY / NewswireToday Free press release distribution service network

More news: Economy
Written by / Agency / Source: Ben Franklin Technology Partners NEP

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Ben Franklin to Invest $135,000 in Regional Economic Development - Ben Franklin Technology Partners of Northeastern Pennsylvania has helped this region's technology companies prosper by providing access to capital, business expertise and university resources - BenFranklin.org
Ben Franklin to Invest $135,000 in Regional Economic Development

 

NewswireToday - /newswire/ - Bethlehem, PA, United States, 2011/05/23 - Ben Franklin Technology Partners of Northeastern Pennsylvania has helped this region's technology companies prosper by providing access to capital, business expertise and university resources - BenFranklin.org.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Economy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The Ben Franklin Technology Partners of Northeastern Pennsylvania’s (BFTP/NEP) Board of Directors approved the investment of $135,000 in support of regional economic development. The investments are with one early-stage technology company, two established manufacturers, and one infrastructure project.

BFTP/NEP’s goal is to help lead northeastern Pennsylvania to a better economic future by building partnerships that develop and apply technology for competitive advantage. To achieve this goal, Ben Franklin staff concentrate their efforts on three key areas:

developing early-stage technology-oriented companies, helping established manufacturers creatively apply new technology and business practices to achieve industry leadership, and
promoting an innovative community-wide infrastructure that fosters a favorable business environment for high-growth companies.

Since beginning operation, BFTP/NEP has helped to create 14,922 new jobs for Pennsylvania workers and to retain 21,358 existing jobs, to start 420 new companies, and to develop 1,017 new products and processes. The Ben Franklin Technology Partners of Northeastern Pennsylvania is headquartered on the campus of Lehigh University and operates Ben Franklin TechVentures®, an award-winning business incubator/post-incubator facility, in Bethlehem, and the Bloomsburg Regional Technology Center in Bloomsburg. The Pennsylvania Ben Franklin Technology Partners network has returned $3.50 to the state treasury for every $1.00 invested in the program.

Ben Franklin announces the following early-stage company investment:

Piratecom LLC, Reading, Berks County
Ben Franklin Investment: $50,000
Complete product enhancements and implement a strategic plan to expand sales of Piratecom’s noise-reducing communication devices. Piratecom produces novel wired and wireless intercom systems and accessories for use in noisy environments in which accurate communication is essential. Beginning with the marine industry, the company will later expand into other market sectors.

Ben Franklin announces the following established manufacturer company investments:

Bazzini Holdings, Allentown, Lehigh County
University Partner: Lehigh University
Ben Franklin Investment: $50,000
Complete an Enterprise Resource Planning implementation that supports the consolidation of Bazzini’s operations to a single facility in the Lehigh Valley. This producer of nuts, fruits, and confections will garner significant savings through the consolidation, which will allow it to compete more effectively and support the company’s anticipated growth.

Demco Automation, Quakertown, Bucks County
University Partner: Lehigh University’s Enterprise Systems Center
Ben Franklin Investment: $30,000
Select and implement a new Enterprise Resource Planning System for this developer and manufacturer of custom automation equipment and controls. Demco’s patented modular and reconfigurable automation platforms are used for assembling, testing, inspecting, and packaging small parts. The new system will enable Demco to double its sales by 2014.

Ben Franklin announces an investment in the regional infrastructure:

Pennsylvania Angel Network, Pennsylvania
Ben Franklin Investment: $5,000
Support the Pennsylvania Angel Network’s (PAN) efforts to provide resources and support to the Pennsylvania angel community, foster the growth of existing angel investor groups, and promote the formation of new angel investor groups. PAN’s goal is improve the overall environment for investors, increase the number of investors, and increase investment dollars in Pennsylvania for high-growth early-stage companies.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Economy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Ben Franklin Technology Partners NEP

 
 

Availability: All Metropolitan Area

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Economy articles,
CATCH Visitors via Your Competitors Announcements!


Ben Franklin to Invest $135,000 in Regional Economic Development

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Ben Franklin |
Publisher Contact: Laura Eppler - BenFranklin.org 
610-758-5200 lhertzog[.]nep.benfranklin.org
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Ben Franklin Technology Partners NEP securities in any jurisdiction including any other companies listed or named in this release.

Economy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Ben Franklin Technology Partners NEP / Company Profile


Read Economy Most Recent Related Newswires:

Frost & Sullivan’s IKC Enables Companies to Assess their Financial Performance in Relation to their Peers, based on Top-Bottom Scores
Iran Economy Exhibits Renewed Optimism, Open for Investments Across Industries, Targets Export Markets Notes Frost & Sullivan
Elevated Investment of $55.6 bn in Infrastructure Development Anticipated for Kenya Finds Frost & Sullivan
Industry 4.0 Business Ecosystem to Change Dynamics in the Global Industrial Landscape Finds Frost &Sullivan
Frost & Sullivan Assesses the Investment Climate in India and its Impact on Next-Generation Investors
Frost & Sullivan Launches Malaysia Mega Trends Report in Collaboration with Malaysian Investment Development Authority
Austria’s Government to Pass New Tax Package
Global Leaders Identify Critical Issues to Overcome Economic Development Challenges At the Economic Development Innovation (EDI) Council Meeting
Russian Internet Remains Growth Hotspot in the Country’s Economy Finds Frost & Sullivan
Converging Industries and Smart Cities to Present Market Opportunities Worth $1.5 Trillion by 2020 Says Frost & Sullivan
Business Credit Quality Weakened in August Says WAIN Street Business Default Index
GE to Invest $2 Billion in Africa by 2018
Greenville, South Carolina Names New Executive to Lead Economic Development Efforts
Greenville, SC Economic Development Group Announces Strong Job, Investment Creation for 2013
Greenwood, S.C. Economic Development Group Names Heather Simmons Jones as CEO

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  BizJobs.com

Visit  Triggr & Bloom





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)