HARRISBURG – Legislation that would boost economic development, attract high-technology industries and incentivize private investment was approved by the Senate today, according to the bill’s sponsor Sen. Devlin Robinson’s (R-37), chair of the Senate’s Labor and Industry Committee.
“Pennsylvania’s workforce is one of the most productive on the planet,” said Robinson. “With enactment of Senate Bill 497, we can attract even more innovative and entrepreneurial experts to our commonwealth by providing support for technology advancement.”
The legislation will establish and support public-private partnerships between state-related universities and private engineering entities through a grant and loan program. Focusing on infrastructure and innovation, these collaborations will develop programs to fund shared research facilities and equipment while creating incentives to attract high-technology industries for advanced manufacturing within Pennsylvania.
The bill now heads to the House of Representatives.
CONTACT:
Kevin Battle