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Funding to increase jobs
11/1/2012 11:36:00 AM
By Press Release
— State Senator Bill Beagle (R–Tipp City) announced that the state Controlling Board has approved the use of funds to advance initiatives that are focused on improving technology and innovation in the Miami Valley.
More than $500,000 in state grants will be split between the University of Dayton and the Dayton, Miami Valley Entrepreneurs Center. The University of Dayton will receive $250,000 to advance the Ohio Manufacturing Extension Partnership services at its IDCAST Center. The Dayton Miami Valley Entrepreneurs Center, Inc. (DMVEC) will receive $262,500 of Thomas Edison Program funds.
“It’s clear that our region is quickly becoming a leader in the technology industry,” said Beagle. “That is why it is so important that we continue to encourage entrepreneurs and invest in the jobs of the future.”
The University of Dayton’s IDCAST Center has gathered more than $98 million in research and contributed to the creation of more than 251 area jobs. This state grant will allow the center to network more large manufacturers in the sensors industry and provide more tools for the industry within the Miami Valley region.
The Dayton Miami Valley Entrepreneurs Center provides start-up assistance for new technology enterprises. The center will utilize Thomas Edison Program funding to provide business incubation services and leased space for technology-oriented entrepreneurs in the Dayton Region. DMVEC will provide at least $262,500 in matching funds for the project.
Senator Beagle sits on the Industrial Technology Enterprise Advisory Council, which previously approved both grants.
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