Pottsville Schuylkill Technology Incubator

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October 5, 2005

Sovereign Bank Foundation Donates to Incubator

The Sovereign Bank Foundation recently awarded a $10,000 grant to the

 

Pottsville/Schuylkill Technology Incubator over the next 3 years. The Pottsville/Schuylkill Technology Incubator, located at One South Second Street, Pottsville PA, assists start-up technology businesses in their first three to five years of operation. Current tenants of the Incubator include AIS Consulting, Driving Technologies, Emergency Management Solutions, OMI technologies, Schuyl Inc. and Schuylkill Alliance for Health Care Access.

The Sovereign Bank Foundation has been assisting non-profits and economic development initiatives throughout the region. Parts of the Foundation's resources are allocated with priority given to requests that benefit low- and moderate-income individuals and communities. Foundation contributions are considered and allocated within the following areas:

  • Community Investment and Economic Development Programs
  • Programs that support affordable housing for low- and moderate-income individuals and communities.
  • Economic development projects that improve the quality of life, sustain economic development and support job skills for low- and moderate-income individuals and communities.
  • Facilities that promote community development programs.
  • Not-for-profit organizations providing credit counseling, homeownership counseling, home maintenance, and other financial service education.

The Pottsville/Schuylkill Technology Incubator will utilize the donation for operating expenses of the Incubator.

"Sovereign Bank Foundation is please to be able to assist an economic development project such as the Pottsville/Schuylkill Technology Incubator. Sovereign strives to assist community organizations in the region." Jim Brennan, Sovereign Bank.

"The Pottsville/Schuylkill Technology Incubator is pleased to have the support of Sovereign Bank Foundation for our organizations." Tony Baran, Chairman Pottsville/Schuylkill Technology Incubator.