Rebecca Bagley to Discuss Technology-Based Economic Development Agenda at the Hershey Center for Applied Research

For Immediate Release

Media Contact:
Jen Bannan

Technology partners, entrepreneurs and university officials to meet and discuss the critical role that innovation and technology investment will play in Pennsylvania’s economy

HERSHEY, PA – March 11, 2009 – The Hershey Center for Applied Research (HCAR) announced today that Rebecca Bagley, Deputy Secretary for Technology Investment at the Pennsylvania Department of Community and Economic Development (DCED), will discuss the technology-based economic development agenda for fiscal year 2009-10.

Topics will include a proposed budget overview of technology-based economic development, the 2009 priorities of the Technology Investment Office, DCED’s role in the Alternative Energy Investment Fund, and strengths in the region’s state-funded technology programs of Central Pennsylvania.

"We are thrilled to bring together technology partners, entrepreneurs and university officials from all parts of Pennsylvania to discuss Pennsylvania's technology-based economic development agenda," said Laura Butcher, Executive Director of HCAR. "Innovation is critical to the future of our state's economy, and despite the economic downturn, there is a wealth of economic resources in our region to support companies through every stage of the business life cycle."

The DCED Technology Investment Office is responsible for managing state programs including the Life Sciences Greenhouse initiative, the Ben Franklin Technology Development Authority including the Ben Franklin Technology Partnership, the Keystone Innovation Zone program, the Research and Development Tax Credit program, and many other technology-based economic development programs that support research and commercialization activities throughout the Commonwealth.

"It is especially important now, during this time of economic distress, that we nurture Pennsylvania’s inherent resources that are represented here today – our universities and talented entrepreneurs – and encourage pathways that ensure Pennsylvania’s talent and innovative ideas are being aligned and fully leveraged," said Bagley.

About the Hershey Center for Applied Research
Hershey Center for Applied Research (HCAR) provides resident organizations with state-of–the-art facilities and high-value business and research resources that enable growth escalation. In addition to its wet and dry lab facilities and office space in a campus-like setting in Hershey, PA, HCAR provides facilitated access to research expertise, especially in the areas of research discovery, development and commercialization; access to Penn State Milton S. Hershey Medical Center and College of Medicine, a major research institution with amenities that include core facilities, clinical trial participation, researcher sponsorship and research advisers; and assistance in obtaining necessary business resources, like venture capital, human resources, including Penn State M.D.s and Ph.D.s, and access to business advisers. For more information, go to

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