HARRISBURG – The state Senate passed legislation this week focused on increasing public-private partnerships and boosting employment opportunities, said Sen. Gene Yaw (R-23).
Senate Bill 706 establishes the Max Manufacturing Initiative Fund and Max Manufacturing Endeavor Loan Fund. This bill aims to create stronger public-private partnerships between state universities and private entities and maximizes research capabilities with cutting edge technologies.
The Max Manufacturing Initiative Fund will distribute grants to eligible applicants to support the following:
- Industrial processes, mining, manufacturing, production agriculture, information technology and biotechnology.
- Acquisition, installation, upgrading, or retrofitting of existing machinery and facilities.
- Service as a medical, industrial or technology facility.
Senate Bill 706 is projected to make Pennsylvania more friendly to the manufacturing industry and create jobs.
The bill now goes to the House of Representatives for consideration.