HARRISBURG, Pa. , Jan. 16 -- The Pennsylvania Department of Community and Economic Development issued the following news release: Department of Community and Economic Development Executive Deputy Secretary Rich Hudic today announced the award of a Discovered in PA - Developed in PA grant to the Pennsylvania Technical Assistance Programto offer technical and educational assistance to local companies. "The collaborative program we are supporting today will help identify and support local businesses, providing them with the university resources needed to grow and hire new employees," said Hudic. "The Corbett administration is proud to support PennTAP's initiative and we look forward to the continued collaboration in the future." Pennsylvania Technical Assistance Program was awarded a $549,215 Discovered in PA - Developed in PA (D2PA) grant to support the PennTAP 2.0 initiative. The initiative, through Penn State University's College of Engineering , will provide critical resources to companies with faculty and student support and guidance. The partners of the initiative will reach out to small- and medium-sized businesses and entrepreneurs. Once projects are identified, PennTAP will provide technical assistance to identify funding resources, and to engage innovation assets such as faculty and students. As the projects progress, PennTAP will provide the interface and technical project management between the company and the expertise to ensure successful completion. PennTAP 2.0will also provide a financial and technology vehicle to assist in advancing proof-of-concept projects. "PennTAP will help identify real-world problems that the College of Engineering might help solve," said PennTAP Director Heather Fennessey . "We then identify a faculty member to work with the company. This is a great opportunity for businesses to get to know the college while they work together on innovation solutions. We are very thankful to the Corbett administration for the award." PennTAP will collaborate with Pennsylvania's economic development partners including the Industrial Resource Centers and the Ben Franklin Technology Partners . D2PA was established by Governor Tom Corbett in 2011 to build capacity to better support Pennsylvania businesses and to spur creativity and innovation in the provision of economic development services. D2PA funds are used to promote entrepreneurship, encourage technology transfer, build capacity for regional economic development, and proactively reach out to businesses. For more information, visit www.newPA.com . TNS 24KuanRap-140117 30FurigayJof-4605740 30FurigayJof
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