(HARRISBURG) – – The Ben Franklin Technology Development Authority today awarded the Greater Susquehanna Keystone Innovation Zone (KIZ) $100,000 for job creation and retention programs, according to Senator John R. Gordner, who serves on the Ben Franklin Board.
“The Ben Franklin Technology Development Authority has recognized the success of the Greater Susquehanna KIZ in the past year in terms of job creation and retention,” said Senator Gordner. “The KIZ has exceeded these goals despite a tough economy.”
In the past fiscal year, the Greater Susquehanna KIZ has helped to create 56 jobs and retain 131 others. Seven new companies have established operations in the KIZ. The yearly goal for the KIZ was 15 new jobs, 37 retained jobs and five new companies.
The Greater Susquehanna KIZ is a partnership between Bloomsburg, Bucknell and Susquehanna Universities, along with Geisinger Ventures and other regional economic development entities as well as private sector partners. The KIZ acts to develop targeted industry sectors in the Susquehanna Valley, which include biomedical and life sciences technology, health care services, information technologies and wood manufacturing.
Senator Gordner noted that the success of the Greater Susquehanna KIZ has led to increased funding by its partners, which was important in leveraging the additional funding approved today by the Ben Franklin Technology Development Authority.
The Ben Franklin Technology Development Authority is one of the nation’s longest running technology- based economic development programs. For more than 25 years, the program has provided companies with funding and expertise to develop family sustaining, technology jobs.