ADVISORY/TTCA Congratulates ACET On $6.44 Million Federal Award to Build State-of-the-art Incubator Facility.Business Editors ADVISORY ... for Wednesday (Aug. 28) --(BUSINESS WIRE) The Award is Expected to Help ACET ACET AIDS Care Education and Training ACET Advisory Council for the Elimination of Tuberculosis (CDC) ACET Association for Compensatory Educators of Texas ACET Advisory Committee on Electronics and Telecommunications Develop Between 12 and 15 High Tech Companies a Year, and Create 6,000 Jobs in the Bay Area WHO: Nelson Chan, Deputy Secretary, California Technology, Trade and Commerce Agency's (TTCA) Division of International Trade and Investment WHAT: The U.S. Commerce Department's Economic Development Administration will present a $6.44 million construction award* to ACET to construct a new 35,000 to 40,000 square foot state-of-the-art laboratory, office, and research and development building that is expected to be the largest facility of its kind west of the Mississippi. WHERE: ACET, 851 W. Midway Avenue, Building 7, Alameda Point, Alameda, California 94501-5085, (510) 749-3977 WHEN: Wednesday, August 28, 2002, 8:30 a.m. ACET (Advancing California's Emerging Technologies) is an Alameda-based business incubator Business incubators are organizations that support the entrepreneurial process, helping to increase survival rates for innovative startup companies. Entrepreneurs with feasible projects are selected and admitted into the incubators, where they are offered a specialized menu of for high technology, biotechnology, environmental, and energy startup companies. Since opening in 1998, ACET graduated seven companies that have created between 900 and 1,000 jobs and raised about $150 million in venture capital investment in the Bay Area. Within five years of operating in the new lab, ACET is expected to graduate between 12 and 15 companies a year that may create about 6,000 jobs, and attract nearly $1 billion in investment to the local economy. For more information about ACET, visit www.greenstart.org. The California Technology, Trade and Commerce Agency serves as the state's principal catalyst for innovation, investment and economic opportunity, enhancing the quality of life for all Californians. Visit http://commerce.ca.gov for more information. Editor's Note Editor's Note (foaled in 1993 in Kentucky) is an American thoroughbred Stallion racehorse. He was sired by 1992 U.S. Champion 2 YO Colt Forty Niner, who in turn was a son of Champion sire Mr. Prospector and out of the mare, Beware Of The Cat. Trained by D. : U.S. Secretary of Commerce Donald Evans will present the award to ACET CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Samuel I. Doctors. Invited speakers include U.S. Senator Dianne Feinstein Dianne Goldman Berman Feinstein (born June 22, 1933) is the senior U.S. Senator from California, having held office as a senator since 1992. She is a member of the Democratic Party. ; U.S. Senator Barbara Boxer Barbara Levy Boxer (born November 11, 1940) is an American politician and the current junior U.S. Senator from the State of California. A member of the Democratic Party, Boxer was first elected to the U.S. ; Congresswoman Barbara Lee; State Senator Don Perata; Assemblymember Wilma Chan; Alameda Mayor Ralph Appezzato; Bay Area Council President Sunne Wright McPeak; California State University Enrollment  Chancellor Charles
Reed; and California State University, Hayward President Norma Rees.
ACET's Board of Directors President Alan Mitchell will moderate.
|
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion