About CTTC
An Overview
Initiated by the Carbondale
Enterprise Development Zone, the Carbondale Technology Transfer Center
began
when a feasibility study funded by the Pennsylvania Ben Franklin Partnership
Program determined
that a small business incubator would be successful in the
Carbondale area. Incorporated in March 1995,
the CTTC was launched in cooperation
with the CEDZ, the University of Scranton, and others.
A $2.5 million appropriation secured by then-Congressman Joseph M. McDade and
administered by the U.S. Small Business Administration funded start-up costs.
Funding for 2000's expansion of the CTTC Incubator Facility was obtained through
Congressman McDade and Congressman Don Sherwood and administered by the SBA.
Additionally, Pennsylvania Department of Community and Economic
Development
funds for the expansion were obtained through Senator Robert Mellow.
Funding toward operational expenses is provided by Pennsylvania's Ben Franklin
Technology Partners
and the U.S. Department of Agriculture's Rural Business
Enterprise Grant program. Pennsylvania Power
and Light Company, Fleet Pennsylvania
Services and the PNC Bank Foundation have provided further
financial support.
Our Mission
The Carbondale Technology Transfer
Center's mission is to provide technical support, business assistance, financial
resources and appropriate facilities to entrepreneurs, small businesses and
light industry/light assembly manufacturers working with technology applications
or innovative
products or processes.
"We see that as requiring a blending of several components," CTTC
Executive Director Paul Browne
said. "We seek potential new businesses
to locate here at the center and grow by using the tools
and services we offer,
but helping those companies to succeed helps to stimulate the local economy."
At the same time, the center's relationship with its current tenants is carefully
maintained.
"We continue to assist our existing tenant companies," Mr. Browne
said. "It's important that we help
them to expand their enterprises both
to ensure their success and to create additional employment."
Creation of new jobs with technology oriented enterprises has always been
a major CTTC goal. This
offers a persuasive reason for a new generation of
workers to stay in the region.
"When entrepreneurs
get the support they need as they start their businesses every one gains," Mr.
Browne said. "Existing businesses gain new suppliers and companies, local people
have increased job opportunities and local communities get the revenue they need
to supply the services needed by their citizens and businesses. Clearly, your
success is our success"
"Recent studies of the region by the Great Valley Technology Alliance
have confirmed the validity of this approach," Mr. Browne said. "We
believe this shows that the CTTC continues to be a leader in economic development
initiatives in our area."
Learn about some of the other advantages offered at CTTC
Interested in becoming a tenant?
