Kentucky Tech Companies Receive Funding Boost for Innovation and Job Creation
Key Ideas
  • Governor Beshear announces nearly $750,000 in grants to seven Kentucky companies to support high-paying jobs in the technology sector.
  • Funding recipients include companies working on innovative technologies for healthcare, industrial control systems, sensor networks, and transportation management.
  • PCC Hydrogen Inc. among the grant recipients, focusing on developing a patented process to produce hydrogen from ethanol with net negative carbon dioxide.
  • Governor Beshear emphasizes the importance of investing in startup tech companies to create high-wage jobs and ensure Kentucky's competitiveness in innovation and technology.
Governor Andy Beshear of Kentucky has announced the award of nearly $750,000 in grants to seven local companies to support high-paying jobs in the technology sector. The grants are part of the Small Business Innovation Research Center and Small Business Technology Transfer matching funds program. The awarded businesses range from developing innovative healthcare solutions to creating advanced technologies for industrial control systems, sensor networks, and transportation management. One of the recipients, PCC Hydrogen Inc., is working on a patented process to produce hydrogen from ethanol with net negative carbon dioxide, aiming to scale up its hydrogen production technology. Governor Beshear expressed optimism about the future of these companies, highlighting the importance of investing in resources for startup tech companies to thrive and create high-wage jobs in Kentucky. The overall sentiment of the article is positive, showcasing the state's commitment to fostering innovation and economic growth in the technology sector.
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