Ben Franklin Invests $27 Million To Support Alternative Energy Projects
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$27 million in investments were approved this week by the Ben Franklin Technology Development Authority to help bring alternative energy technologies to the marketplace and provide vital resources to early-stage companies and entrepreneurs that are creating jobs.
“We must continue to invest in our technological capabilities and infrastructure because Pennsylvania simply cannot afford to fall behind the other states and nations that are making such investments,” Gov. Rendell said. “The industries targeted by these investments will help to speed our economic recovery and better position our state for long-term, global competitiveness.”
Included in the investments twas an annual allocation from the Alternative Energy Development Program to the four Ben Franklin Technology Partners. The allocation is part of the $650 million Alternative Energy Investment Fund the Governor signed July 2008. Each partner is slated to receive $10 million over the next five years.
A list of the project funded is available online.
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7/26/2010 |
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