Federal funding will promote and support entrepreneurship and small businesses
WASHINGTON, DC- U.S. Senators Bob Casey and Arlen Specter today announced committee approval of federal funding for projects in Southwestern Pennsylvania. The projects are contained in the Fiscal Year 2011 Financial Services Appropriations Bill.
“This money is great news for Pennsylvania and I am grateful that members of the committee approved this funding,” said Senator Casey. “This funding should help spur innovation, promote economic development and help create jobs in Southwestern Pennsylvania.”
“These initiatives will help to strengthen Pennsylvania’s small businesses and promote entrepreneurship,” Senator Specter said. “This funding comes at a critical time during our economic recovery, and I applaud my colleagues for supporting these projects.”
Regional projects in the bill include:
•$100,000 for Carnegie Mellon University in the City of Pittsburgh for its Manufacturing Accelerator, which will engage manufacturing companies and will apply research undertaken in the fields of engineering, design and computing to improve the competitiveness of the manufacturing base.
•$50,000 to Greene County for the development of an airport business park, which will create commercial and retail space for aviation related small businesses, as well as rental hangars and training.
•$50,000 for Fay-Penn Economic Development Council in Fayette County to promote a locally-driven economy through the production and purchase of locally made products for retail and commercial goods.
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