from the inbox:
Today, Pennsylvania Congressman Patrick Murphy (D-8th District) joined local business owners to announce the expansion of Y-Carbon, Inc. to Bucks County . The CEO of Y-Carbon, James Horan, joined Congressman Murphy to announce a $150,000 Recovery Act grant for the company, and how the green, high-tech business plans to create jobs in Bristol .
The grant comes as part of over $18 million in recently announced funding from the American Recovery and Reinvestment Act to support small business innovation research, development, and deployment of clean energy technologies. In this first phase of funding, Montgomery County-based Y-Carbon was awarded $149,938 to continue its work developing nanotechnology for breakthrough performance in fields such as energy, water, and medicine.
The King of Prussia-based Y-Carbon is committed to expanding its manufacturing operations to Lower Bucks County and will partner with the Bridge Business Center in Bristol , a nationally recognized green technology hub. The Bridge Business Center is located in a state designated Keystone Innovation Zone and Enterprise Zone targeted to support life sciences, advanced manufacturing, and alternative energy companies in Pennsylvania.
Congressman Murphy has worked tirelessly to turn Bucks County into a green energy hub that will create new, sustainable jobs by attracting cutting edge companies like Y-Carbon. Earlier this year, Congressman Murphy announced the formation of the Green Jobs Academy at Bridge. This effort to bring together academic and private sector leaders in the development of renewable energy has given Bucks County another tool to recruit companies like Y-Carbon that will produce the jobs of the future.
“I’m proud to have helped bring this great company to Bucks County ,” said Rep. Murphy. “While our economy continues to recover, this is a critical step toward ensuring Bucks continues to lead the nation in the clean technology jobs of the future.”
“Thanks to Congressman Murphy’s leadership and foresight, Bucks County has become a green energy hub and a magnet for the jobs of the future,” said Jim Horan. “Because of Murphy’s efforts both here and in Washington , Y-Carbon has the tools it needs to succeed and create jobs for Bucks County residents.”