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Follow on Google News | Ben Franklin to Invest $77,306 In NE Pennsylvania Economic DevelopmentBy: Ben Franklin Technology Partners 1. developing and growing early-stage technology-oriented companies, 2. helping established manufacturers creatively apply new technology and business practices to achieve industry leadership, and 3. 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 15,820 new jobs for Pennsylvania workers and to retain 21,645 existing jobs, to start 442 new companies, and to develop 1,189 new products and processes. The Pennsylvania Ben Franklin Technology Partners network (http://benfranklin.org/ BFTP/NEP owns and manages Ben Franklin TechVentures (http://nep.benfranklin.org/ Ben Franklin announces the following established manufacturer company investments. Ben Franklin provides 1:1 matching funding for work with a college or university partner on technology-based manufacturing innovation in established manufacturers. Benton Foundry Inc. (http://www.bentonfoundry.com/) Ben Franklin Investment: $28,470 College Partner: Northampton Community College’s Emerging Technology Applications Center Assess manufacturing processes at this producer of gray and ductile iron castings to identify ways to lower energy consumption. Conduct an investment-grade energy efficiency assessment of the plant, as well as an analysis of compressed air usage and system efficiencies to save energy, enhance product quality, and reduce costs. East Coast Erosion Control, LLC (http://www.eastcoasterosion.com/ Ben Franklin Investment: $25,000 University Partner: Lehigh University’s Enterprise Systems Center Improve the Enterprise Resource Planning procurement, work order management, shop floor control systems, and inventory management at this manufacturer of erosion control products for the construction industry. This will allow the company to improve back-end process efficiency, enhance delivery performance, and reduce costs, thereby facilitating sales efforts and growth. Reading Alloys, Inc. (http://www.reading- Ben Franklin Investment: $16,000 University Partner: Lehigh University’s Enterprise Systems Center Develop a strategy for shop floor control, establish system requirements, select a software vendor, and develop a project implementation plan that provides a foundation for batch record management. Reading Alloys’ master alloys and advanced engineering materials are used for critical applications in aerospace, marine, petroleum, medical, and foundry industries. Suburban Testing Laboratories, Inc. (http://www.h2otest.com/) Ben Franklin Investment: $7,836 University Partner: Lehigh University’s Enterprise Systems Center Define current and future facility requirements for a new, centralized walk-in incubator room to service departments within Suburban Testing’s facility. Suburban provides environmental, product, and water testing and analyses for industry and municipalities. End
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