Monday, April 2, 2012

Two PA Modular Home Factories Receive Ben Franklin Foundation Funding

The Ben Franklin Technology Partners of NortheasternPennsylvania (BFTP/NEP) board approved the investment of $330,873 in regional companies, including two modular home factories. BFTP/NEP is an award-winning, state-funded economic development organization that links early-stage technology firms and established manufacturers with experts, universities, funding, and other resources to help them prosper through innovation.

Since beginning operation, BFTP/NEP has helped to create 14,922 new jobs and retain 21,358 existing jobs, to start 420 new companies, and to develop 1,017 new products and processes. Ben Franklin has returned $3.50 to Pennsylvania for every $1.00 invested in the program.

Among those selected this year are two modular home factories.

Taylored Building Solutions, LLC, Taylor - $60,000 Complete a computer program to manage the financial function of this manufacturer of high-end modular homes and components for traditional stick-built homes. With this investment, the company will also implement novel marketing and sales strategies.

Simplex Homes, Inc., Scranton - $17,500 With Lehigh University, increase productivity and decrease production costs in order to enable sales growth in Simplex's line of energy-efficient modular homes. The company is a regional leader in high quality modular construction, and is positioning itself as an industry-leading builder of energy efficient homes. Simplex is involved in building a prototype Net Zero home that is both environmentally conscientious and economically prudent for homeowners.

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