Ben Franklin to Invest $530,950 in Support of Regional Economic Development.LEHIGH VALLEY The Lehigh Valley or the Allentown-Bethlehem-Easton, PA-NJ metropolitan area is a metropolitan region in eastern Pennsylvania and western New Jersey, in the United States. It is the third-most populated metropolitan region in Pennsylvania, after Philadelphia and Pittsburgh. , Pa. -- The Ben Franklin Technology Partners of Northeastern Pennsylvania This mountainous area of Pennsylvania includes the Pocono Mountains, the Endless Mountains and former anthracite coal mining cities and towns, including Carbondale, Scranton, Pittston, Wilkes-Barre, Nanticoke and Hazleton. U.S. Presidents Harry Truman and George W. (BFTP BFTP Ben Franklin Technology Partners BFTP Blast from the Past BFTP Batch File Transfer Protocol BFTP Background Ftp BFTP Basic Ftp ) board approved investments of $530,950 with four Pennsylvania companies and a 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 . BFTP is a state-funded economic development organization that links early-stage companies and established manufacturers with experts, universities, funding, and other resources to help them prosper through innovation. Ben Franklin announces the following investments: Acurlite Structural Skylights, Inc., Berwick, Columbia County Columbia County is the name of eight counties in the United States:
Ben Franklin Investment: $135,950 Project: Acurlite Structural Skylights designs and produces skylight products for the building construction industry. This investment will allow the company to design, develop, and test a hurricane-rated skylight system, which is required in construction in the southeastern United States. In addition, the company will develop an anti-terrorism force protection certified skylight system that will meet the growing requirements in government construction. These innovative and efficient systems will meet established protection standards. INaBILLION, Bethlehem, Northampton County Ben Franklin Investment: $150,000 Project: INaBILLION has developed and patented a new type of heat transfer technology applicable to various kinds of sensors. This investment will allow the company to work with Lehigh University to develop a prototype sensor that meets performance criteria and can be volume manufactured at a low cost for a variety of applications. Laydee Lorayne, Inc., Selinsgrove, Snyder County Ben Franklin Investment: $75,000 Project: Laydee Lorayne manufactures post-operative and support compression garments. Products are used in hospitals, primarily by cardiac units, oncology departments, and in cosmetic surgery cosmetic surgery, plastic surgery for cosmetic purposes, such as the improvement of the appearance of the face by removing wrinkles or reshaping the nose. . The Ben Franklin investment will allow the company to begin manufacturing operations of high-quality and reasonably priced garments for these growing markets. Saladax Biomedical bi·o·med·i·cal adj. 1. Of or relating to biomedicine. 2. Of, relating to, or involving biological, medical, and physical sciences. , Inc., Ben Franklin Business Incubator, Bethlehem, Northampton County Ben Franklin Investment: $150,000 Project: Optimize an immunoassay Immunoassay An assay that quantifies antigen or antibody by immunochemical means. The antigen can be a relatively simple substance such as a drug, or a complex one such as a protein or a virus. for Cytoxan(R), a drug used in chemotherapy. This test is part of a line of immunoassay-based tests for determining levels of chemotherapy in the blood of cancer patients. Individual absorption rates of chemotherapy drugs vary widely, and the optimum level of medication is critical to effectively treat the cancer while minimizing debilitating de·bil·i·tat·ing adj. Causing a loss of strength or energy. Debilitating Weakening, or reducing the strength of. Mentioned in: Stress Reduction and potentially life-threatening side effects Side effects Effects of a proposed project on other parts of the firm. . Cytoxan is the most commonly used chemotherapeutic drug and is often used in the treatment of breast cancer and non-Hodgkins lymphoma. Personalized Chemotherapy Management tests will allow oncologists to quickly and cost-effectively determine the optimally effective blood concentration of the chemotherapy drug in an individual patient. This is the second Ben Franklin investment in Saladax. In the first year Saladax generated novel antibodies for Cytoxan which resulted in an extensive utility patent. Bridgeworks Enterprise Center, Allentown, Lehigh County Ben Franklin Investment: $20,000 Project: Support the business development services at the Bridgeworks Enterprise Center, in order to grow early-stage businesses and create new employment opportunities that diversify and strengthen the economic base of the Lehigh Valley. Bridgeworks is the first PA Minority Business Development Center site in the Commonwealth outside of Philadelphia. |
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