$1.67 million financial assistance package.
A Pennyslvania state investment of $1.7 million will help a leading regional provider of information-technology hosting and data center services develop a new facility at a technology park in the Lehigh Valley, creating at least 30 jobs within three years, Governor Rendell said today.
The company, DBSi, is developing a new advanced-technology facility in the TEK Park campus in Breinigsville, near Allentown, to help meet growing demand for managed hosting, disaster recovery and remote workspace facilities.
"This is a textbook case of what can happen when all the stakeholders -- the economic development community, the TEK Park team and local officials work together for the region's benefit," Rendell said. "This announcement represents more than a business expansion project. The project has national security implications as part of the Wall Street West initiative to provide crucial information technology back-up and recovery services."
Secure access and reliable connectivity to major telecommunications providers are essential to the region's Wall Street West initiative, a consortium of local, state and federal economic development organizations formed to ensure sufficient information technology and recovery resources in the wake of Sept. 11, 2001.
Representing Governor Rendell at a ceremony at the TEK Park facility today, Department of Community and Economic Development Executive Deputy Secretary John Blake said the $1.67 million financial assistance package developed by the Governor's Action Team included an $80,000 opportunity grant, a $1.5 million machinery and equipment loan, $22,400 for customized job training assistance, and $64,000 in job creation tax credits.
Since Governor Rendell took office in 2003, GAT has successfully completed 1,012 projects, resulting in commitments to create 107,645 new jobs and retain 247,933 existing positions. The commonwealth has offered more than $1.9 billion in assistance for these projects, which will leverage more than $12.3 billion in additional investment.