March 30, 2015


By Pennsylvania Business Daily Reports

Ben Franklin group to invest $316,100 in small regional firms

Ben Franklin Technology Partners of Northeastern Pennsylvania (BFTP/NEP), a state-funded economic development group, said on Monday that it plans to invest $316,100 in regional companies.

Each of the following 10 area businesses will benefit directly from BFTP/NEP’s support, with investments ranging from $18,000 to $52,000: 

--Bison Analytics, LLC, in Lewisburg will add marketing support. It specializes in consolidation, planning and business intelligence software targeted to small businesses that use QuickBooks. 

--Colymer Industries, LLC, in Bethlehem plans to commercialize a new non-asphalt roofing and waterproofing material called Tarzanite. 

--Four Hound Solutions, LLC, in Wilkes-Barre, is a producer of software solutions for automated test equipment. It will develop and submit a provisional patent and revise its business plan.

--Applied Separations, in Allentown, will develop a new process for waterless textile dye processes in the clothing manufacturing sector, in conjunction with Lafayette College. 

--Bio Med Sciences, in Allentown, with Lehigh University, plans to complete an enterprise resource planning system as a producer of specialty materials for burn victims. 

--Effort Foundry, in Bath, will improve production methods and tracking in its steel-parts manufacturing for the pump, power-generation and military industries, also in conjunction with Lehigh University. 

--Hydro Recovery LP, in Blossburg, plans to develop sustainable extraction of materials from residual “frac” water, working with Penn State University.

--Pleasant Mount Welding, in Carbondale, will work with Johnson College to produce specialty metal products to support programming and implementation of logic controllers and the human/machine interface. 

--Radius Toothbrush, in Kutztown, will develop manufacturing facilities with Lehigh University.

--Rea.deeming Beauty, in Bethlehem, will improve automation to enhance manufacturing and shipping, also in conjunction with Lehigh. 

Ben Franklin has assisted in job creation and retention for Pennsylvania workers since its founding in 1983. It endeavors to link early-stage technology firms and established manufacturers with funding, people, technology, universities and other resources to help them prosper. 

Ben Franklin Technology Partners is an initiative of the Pennsylvania Department of Community and Economic Development and is funded by the Ben Franklin Technology Development Authority. It provides 1-to-1 matching funds for work done with a college partner in tech-based manufacturing. 

ORGANIZATIONS IN THIS STORY

Ben Franklin Technology Partners116 Research Dr

Bethlehem, PA 18015

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