PaceControls announced today that it has been awarded funding from Ben Franklin Technology Partners of Central and Northern Pennsylvania, as it accelerates its growth nationally and internationally.

Ben Franklin Technology Partners (BFTP) is one of the nation’s longest-running technology-based economic development programs. For over 25 years, BFTP has provided both early-stage and established companies with funding, business and technical expertise and access to a network of innovative, expert resources. The funding awarded to PaceControls is facilitated through BFTP’s new state-sponsored Alternative Energy Development Program (AEDP).

“We are delighted to receive this support from such a reputable, nationally recognized organization,” said Steve Costantino, Ph.D., PaceControls’ Executive Vice President and Chief Operating Officer. “This $250,000 award will provide key support for growing our company through new and joint product development initiatives, as well as for developing additional manufacturing capabilities within Pennsylvania.”

About Ben Franklin Technology Partners (BFTP)
Positioned strategically throughout Pennsylvania – with regional headquarters in the Lehigh Valley, Philadelphia, Pittsburgh and State College – the BFTP network supports and executes the Commonwealth’s technology agenda, builds on regional strengths, capitalizes on new opportunities and addresses the specific needs of PA’s diverse communities. The BFTPs serves as a catalyst for economic growth by providing access to capital, business expertise and a network of resources to foster innovation, growth and success.

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. For more information, please visit www.benfranklin.org.