Professional Documents
Culture Documents
Amount of Funding: $27.6 million divided evenly between the 4 partners for FY 08-09
Amount of Funding: $260,000 FY 08-09. Since inception: Total - $10.4 million; DCED - $3.15million;
Foundations and Corporate Sponsors - $7.25 million
Region: Southwest PA
History: Founded in 2002 to fill gap in business funding for those innovative ideas which could
become viable tech start-up businesses
Type of Assistance: Coach and fund entrepreneurial teams helping to transform them into start-up
businesses
Impact: To date, assisted in launching 40 new companies, created 277 direct jobs, companies
raised additional $30M in capital, 1 liquidity event
Region: Statewide
Type of Assistance: Technical assistance, funding, outreach, and education to help PA companies win a
greater share of federal SBIR/STTR grant funding.
Type of Assistance: One-stop shop for member companies for licensing IP, reducing barriers and
eliminating obstacles that have traditionally impeded technology transfer and
commercialization
Amount of Funding: 4% interest rate; maximum loan amount $200,000 or 50% of project cost,
whichever is less
Region: Statewide
Industry: Agri-business/Farmers, Industrial, Manufacturing, Hospitality/Restaurants,
Recycling, Computer Services, Export Services, For profit/Nonprofit Day Care
Centers
Type of Assistance: PAN supports the angel investing community by providing education and resouces
services.
Impact: Launched Due Diligence Fellowship Program, hosts monthly angel roundtable
calls, implemented AngelSoft software for angel group deal sharing and
management
Contact: Michael Gildea
Assistance mike@paangelnetwork.com 814/451-1151
Capital
DCED Contact: Tara Gritman
tgritman@state.pa.us 717/720-7442
Small Business Development Center
Concept Formation Growth Maturity Reinvention
Amount of Funding: $7,376,000 DCED; $400,000 DEP; $3,766,761 Federal; $4,740,340 Universities
(FY07-08)
Region: Statewide
Industry: Not industry-specific
History: Inception in 1980. 18 university based centers & over 100 outreach locations
Type of Assistance: Free one-on-one consultations to help test new business propositions, craft business
plans, or investigate funding opportunities
Impact: Since 1990, assisted PA entrepreneurs in starting more than 24,300 businesses;
obtain $2.1 billion in start-up and expansion funding and created over 104,800 new
jobs
Amount of Funding: $14.5 million FY 07-08 (including $2.5 million for Keystone Innovation Starter Kit
Grants)
Region: Statewide
Industry: Technology
Region: Statewide
Region: Statewide
Industry: Manufacturing, Industrial, Mining, Agricultural, Processors, Information
Technology, Biotech, Hospitals
Type of Assistance: Funding available for acquisition and installation of new and used machinery and
equipment directly related to the business process. Maximum loan amounts of $5
million or 50% of total eligible machinery and equipment. Terms up to 10 years or
the useful life of the machinery and equipment. For every $25,000 of funding
requested, applicant must commit to create and/or retain 1 job within 3 years.
Type of Assistance: Tax Credits applied to business’ corporate net income tax, personal income tax,
capital stock and franchise tax, gross premiums tax, gross receipts tax, bank & trust
business tax, mutual thrift institution tax, or title insurance business shares tax
KIZs are designated zones that have been established in communities that host institutions of
higher education designed to foster innovation and create entrepreneurial opportunities.
Region: Statewide
Industry: Technology-based and entrepreneurial
Type of Assistance: Funding to develop local partnerships established in geographic zones around
colleges and universities which funds and services are targeted to create/support
start-up firms
Region: Statewide
Type of Assistance: Credit on PA state taxes equal to 50% of increase in gross revenues in the
preceding two years. Limit of $100,000 annually. Tradability option.
Amount of Funding: At least 4:1 Match: Funds based on economic impact to an area/region – Job
retention/creation – Amount of Private Investment
Region: Statewide
Industry: Manufacturing/Industrial, Agribusiness, R&D, Export Services
Eligible Applicants: Must be private company, municipality, IDA, IDC, municipal or redevelopment
authority, or private developer
Eligible Use of Funds: Construction/rehabilitation of infrastructure or buildings; site preparation;
acquisition of land and buildings; upgrade of machinery and equipment; working
capital; job training; environmental assessments; remediation of hazardous
materials
Region: Statewide; 50% must be distributed in underserved areas of PA, defined as outside
the Philadelphia MSA and those with populations below 1 million
Industry: Technology
Amount of Funding: Since Dec. 2006, R&D Tax Credits may be awarded up to a limit of $40 million
annually
Region: Statewide
Industry: Variety of Industries
History: Tradability option launched in Spring 2004 as part of the Economic Stimulus
Program
Type of Assistance: Companies that have held tax credits awarded for a minimum of 1 year and not
having tax liability may apply to sell and assign their R&D tax credits to a buyer
Amount of Funding: 4% interest rate; maximum loan amount $200,000 or 50% of project cost, whichever
is less
Region: Statewide
Impact Project must create/retain at least one job for every $35,000 borrowed
Region: Statewide
Industry: Advanced Manufacturing, IT, Life Sciences and Nanotechnology
History: Created in FY 02-03
Type of Assistance: Funds to establish technology workforce pipelines in high schools and four year
schools
Impact: Provide early to mid-stage businesses working capital during their early
operational years