12 Pa. Code § 73.121

Current through Register Vol. 55, No. 1, January 4, 2025

Section 73.121 - General

As set forth in § 73.13 (relating to interest rates), PIDA may provide special interest rates for projects designated as advanced technology. A company will be deemed to qualify as "advanced technology" if it meets one of the following criteria:

(1) The company falls within one of the Standard Industry Codes described as "high tech" as described by the American Electronics Association in its publication "Cybernation," as those codes are further augmented by the Wharton Economic Forecasting Associates Group.

(2) The company is able to respond satisfactorily to the questions contained on PIDA's technology review form, as follows:

Question # 1: To your knowledge, do any other companies in this industry, either domestic or foreign, have access to this technology or its equivalent? Yes No______

Question # 2: Does the technology or industrial process in question represent a significant improvement over the existing technology and/or industrial process currently in general use within the industry? Yes____ No _____ If yes, please elaborate on what advantages this technology or process will provide.

Question # 3: What year was this technology first introduced to your industry? ________

Question # 4: Does the company hold or maintain:

Patents for the technology or process in question? Yes_____ No_________

License(s) for the technology or its underlying intellectual property? Yes No

Trade secrets covering the technology in question? Yes _______ No ________

Question # 5: Does the applicant have an internal engineering department?

Yes______ No_______

If yes, what percent of the company's operating budget is dedicated to this department?

Question # 6: Does the applicant company have any existing relationship with consultants, external research organizations, universities or other entities to provide or introduce new intellectual property or technology to the company?

Yes____ No_____ If yes, please describe.

Question # 7: Has the company invested in technology within the past 12 months, or is the company proposing to invest in technology within the next 12 months that has advanced or will advance the state of the art for the industry?

Yes_____ No______ If yes, please elaborate on how the state of the art for the industry was or will be advanced by the technology and what the potential effects on the company will be.

Question # 8: Does the applicant have an R & D department? Yes____ No If yes, what percent of the company's operating budget is dedicated to this department?

12 Pa. Code § 73.121

The provisions of this § 73.121 adopted November 9, 1990, effective 11/10/1990, 20 Pa.B. 5639; amended November 27, 1991, effective 11/30/1991, 21 Pa.B. 5539; amended October 19, 2007, effective 10/20/2007, 37 Pa.B. 5601.