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Ben Franklin to Invest $32,350 In Northeastern Pennsylvania Companies
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 16,214 new jobs for Pennsylvania workers and to retain 22,155 existing jobs, to start 458 new companies, and to develop 1,279 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.
Cambridge-Lee Industries LLC (http://www.camlee.com/)
College Partner: Northampton Community College’s Emerging Technologies Applications Center
Ben Franklin Investment: $22,350
Conduct controlled testing to optimize Cambridge-Lee’
Georg Fischer Harvel, LLC, Easton
University Partner: Lehigh University’s Enterprise Systems Center
Ben Franklin Investment: $10,000
Complete a sustainability analysis to reduce energy consumption by 20% or more. GFH is aninternational leader in thermoplastic extrusion, primarily manufacturing PVC and CPVC piping for a diverse set of customers. Energy costs are a top manufacturing expense, so a cost savings in this area will yield a significant competitive advantage.