Ben Franklin to invest more than $1.1M in regional economies

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The Ben Franklin Technology Partners of Northeastern Pennsylvania announced Tuesday it will invest $1,144,400 in support of regional economic development. Nine early stage technology companies, two established manufacturers, and four business technology infrastructure initiatives will get a shot in the arm from BFTP.
 
Some tech companies will receive as much $150,000 from BFTP, including East Stroudsburg-based DMI Manufacturing Inc., Icon Legacy Custom Modular Homes LLC in Snyder County, Discovery Machine Inc. of Williamsport, Target-In and Viddler Inc., both in Bethlehem.
 
For Discovery Machine, the funds will make it possible for the company to expand into the private sector. “Making the transition from government work to the commercial service sector isn’t easy, and Ben Franklin have been great to work throughout the process,” says co-founder Todd Griffith.
 
Other tech firms receiving Ben Franklin funds are Cambrian Bio-Technologies Inc. ($75,000), eVendor Check Inc. ($35,000), Johnson-McCormick Technologies LLC ($50,000), and Pennsylvania Sustainable Technologies LLC ($50,000).
 
Two established manufacturers will also receive funding. Milton-based Clark Technology Systems Inc., a fabricator of lubrication equipment for chemical industries and refineries, will get $50,000 to establish a process management system for continuous improvement. Michelman-Cancielliere Iron Works Inc. in Lehigh Valley, steel fabrication, construction, and engineering firm, will get $14,400 to devise a plan to increase efficiency and reduce costs.
 
Four business technology support organizations are slated to get help from BFTP as well: $75,000 to NCC Coatings and Ink Research Institute; $20,000 to the Northeastern PA Keystone Innovation Zone; $10,000 to the Pennsylvania Angel Network; and $15,000 to the Pocono Mountains Keystone Innovation Zone.
 
Source: Ben Franklin Technology Partners of Northeastern Pennsylvania, Todd Griffith
Writer: John Davidson
 
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