SHAHEEN ANNOUNCES $100,000 FOR DARTMOUTH TECH CENTER

(Washington, D.C.) - U.S. Senator Jeanne Shaheen today announced that her request for assistance in the expansion of the Dartmouth Regional Technology Center (DRTC) has been approved by the Senate Appropriations Committee.  Shaheen secured $100,000 for the project, which will enable the business incubator to meet the substantial demand it receives for space and support.  These funds were included in the Fiscal Year 2011 Financial Services Appropriations bill, which is now ready for consideration by the full Senate. 

"The Dartmouth Regional Technology Center has a proven track record of success in promoting small businesses and generating jobs for New Hampshire, and I am pleased to be able to support their expansion," said Shaheen.  "This assistance will give more entrepreneurs a chance to turn their ideas into viable businesses, which is good for the entire New Hampshire economy."  

"The Dartmouth Regional Technology Center supports the launch and growth of early-stage technology companies in the Upper Valley.  These companies continue to create new jobs and technology products that lead to long-term economic growth of the area," said Gregg E. Fairbrothers, Chair of the DRTC.  "The support secured by Senator Shaheen is instrumental in supporting the operations and growth of DRTC, and will go a long way toward enabling expansion of its activities."

The DRTC is a private, non-profit organization formed in 2004 to assist start-up businesses, providing support programs and a 32,500 square foot mixed-used technology incubator to foster the development of high-growth technology startup companies in New Hampshire.  The incubator focuses on developing businesses with a proven concept and a solid plan.  It offers an educational and infrastructure support program to help promising start-ups refine their business plans and access basic business infrastructure to make them as productive as possible in as short a time as possible.

New revenues generated from the expansion space will be used to help launch new companies in northern New Hampshire focused on technology-based innovations with the potential for significant social impact.