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Penn State SBDC Provides Resources for Businesses During Pandemic

Since the onset of the COVID-19 pandemic, the Penn State Small Business Development Center (SBDC) has provided more than 1,000 collective hours of business advising to small businesses owners experiencing supply chain disruptions, staffing challenges, a decrease in revenue, and/or closure because of the COVID-19 pandemic. Of the 347 entrepreneurs who have sought pandemic- related support, 38 have worked with the SBDC to access a combined 4.5 million in capital through local, state, and federal emergency funding initiatives. To support small business recovery efforts, the U.S. Small Business Administration (SBA) awarded the Pennsylvania Small Business Development Centers (PASBDC) supplemental funding through the Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act, in the late spring 2020. The funds allowed the Penn State SBDC to designate one full-time staff member to supporting small business recovery in Centre, Clinton, Lycoming, and Mifflin counties.

Emerge Education Captures Capital Investment from Ben Franklin Technology Partners to Improve Technology Platforms and Service Approach for Higher Education

Emerge Education Captures Capital Investment from Ben Franklin Technology Partners to Improve Technology Platforms and Service Approach for Higher Education News provided by Share this article (PRNewsfoto/Emerge Education) CAMP HILL, Pa., Feb. 22, 2021 /PRNewswire/  Emerge Education, LLC, a leading education solutions provider for colleges and universities looking to rethink their approach to enrollment growth, today announced new capital investment from Ben Franklin Technology Partners of Central & Northern Pennsylvania. The Camp Hill-based company plans to employ the funds to further develop its technology platforms and improve its services and process for greater conversions of leads to student enrollments for its client institutions.

$30,000 Prize Up For Grabs For Penn State Student Entrepreneurs

“The Investment,” modeled after ABC’s critically acclaimed “Shark Tank.: The 2021 competition will award six groups of student entrepreneurs a chance to earn a share of $30,000 to use as financial backing for their respective companies. The program will be used to determine this year’s winners. To apply, undergraduate student entrepreneurs must submit a two-and-a-half-minute video about their company by February 8. The six finalists will get announced on February 12. Then, on April 10 the taping of, “The Investment” will take place. Current undergraduate students (and fall 2020 graduates) who are in good academic standing may apply for the show. Undergraduate students must own at least 50% of the company, which needs to be legally established before February 15.

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