April 21, 2025 - State College, PA

ADVISORY - ICYMI: Shapiro Administration Visits Atlas Biotech in State College to Highlight the Governor's Proposed Investment in Pennsylvania's Innovation Economy

Department of Community and Economic Development (DCED) Secretary Rick Siger and local leaders visited Atlas Biotech in State College to highlight the Shapiro Administration's commitment to fostering Pennsylvania's innovation economy. Building on that commitment, Governor Josh Shapiro's 2025-2026 proposed budget creates a new, $50 million PA Innovation program, which includes a one-time $30 million initiative to spur life sciences job growth and $20 million to provide annual funding to support large-scale innovation.

"The Shapiro Administration is laser-focused on advancing Pennsylvania's innovation economy, and Atlas Biotech is a great example of the kind of cutting-edge research and development happening in the Commonwealth, finding new ways to treat cancer and save lives," said Secretary Siger. "From our world-class research institutions to our skilled workforce, Pennsylvania has the resources to be an innovation leader. Which is why we're doubling down on this commitment in Governor Shapiro's 2025-26 budget proposal with a new, $50 million innovation fund that will support businesses like this that save lives and strengthen our economy."

Speakers Include:
Todd Erdley, Central Region Director
Sec. Rick Siger
Rep. Takac
Rep. Conklin
Josh Reynolds

• Full Advisory