Pennsylvania is handing out 2.5 million dollars to 23 educational institutions.
Governor Ed Rendell says the money will help the schools hire and retain top-tier professors.
In addition to the one million dollars in money for professors, the state is handing out 1.5 million dollars for technology development.
The “Keystone Innovation Zone” money is spread across ten awards and 17 grants.
The award portion of the money will go toward professor hires, while the grants will be used to help schools develop and market technology.
Rendell says the K-I-Z program has doled out nearly 15 million dollars over the course of his administration.
"You know, there’s always a question, can government create jobs? No, government can’t create jobs. But government investment can be the catalyst that will allow people to create jobs. 725 companies for a commonwealth investment of 15 million dollars is an awfully good return on our investment."
Carnegie Mellon University, University of Pittsburgh, Penn State, St. Francis and Westmoreland County Community College are among the institutions receiving money.
The funding comes from the Department of Community and Economic Development’s budget.
Keystone Innovation Starter Kits
* St. Francis University, $80,000 - Greater Johnstown KIZ
* Penn State University (Main Campus), $120,000 - I-99 Corridor KIZ
* Villanova University, $100,000 - Delaware County KIZ
* Carnegie Mellon University, $100,000 - Greater Oakland KIZ
* Penn State University (Main Campus), $100,000 - Navy Yard KIZ
* Westmoreland County Community College, $100,000 - Westmoreland KIZ
* Institute for Hepatitis and Viral Research, $100,000 - Bucks County KIZ
* Lehigh University, $100,000 - Southside Bethlehem KIZ
* University of Pennsylvania, $100,000 - University City KIZ
* University of the Sciences in Philadelphia, $100,000 - University City KIZ
Innovation Grants
* Temple University, $100,000 - BioLaunch611+ KIZ
* Lehigh University/Northampton Community College, $100,000 - Southside Bethlehem KIZ
* Carnegie Mellon University, $100,000 - Greater Oakland KIZ
* Salus University, $100,000 - BioLaunch611+ KIZ
* Penn State University-DuBois, $100,000 - Tri-County KIZ
* Institute for Hepatitis and Viral Research, $100,000 - Bucks County KIZ
* Thomas Jefferson University, $100,000 - University City/Chester KIZ
* Saint Vincent College, $75,000 - Westmoreland County KIZ
* Drexel University, $100,000 - University City KIZ
* The Wistar Institute, $100,000 - University City KIZ
* Great Valley Technology Institute, $100,000 -Lackawanna KIZ, Luzerne KIZ, Pocono Mountains KIZ
* Penn State University (Harrisburg), $100,000 - Lancaster KIZ
* University of Pennsylvania, $100,000 - University City KIZ
* Gannon University, $75,000 - Erie KIZ
* Penn State University (Berks), $50,000 - Greater Reading KIZ
* Penn State University (Erie), $50,000 - Erie KIZ
* University of Pittsburgh, $50,000 - Greater Oakland KIZ
Friday, July 30, 2010
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