Section 860.102 - Findings and declarationsThe General Assembly finds and declares as follows:
(1) The intent of this act is to leverage the proximity of university and private engineering expertise to establish public-private partnerships and State-related institution partnerships within this Commonwealth.(2) This collaboration is designed to align with the Commonwealth's stated economic development goals through the funding of grants, incentivized private investments and business incentives to attract high-technology industries for advanced manufacturing in this Commonwealth to: (i) Advance and promote the general welfare of the residents of this Commonwealth.(ii) Foster stronger business alliances, which will increase employment opportunities for Pennsylvanians.(iii) Establish this Commonwealth and its university and business partnerships as international leaders in idea generation and the implementation of cutting-edge advances in science and technology.(iv) Create shared infrastructures within this Commonwealth to leverage and maximize advanced manufacturing techniques for producing high-value products.(v) Pool investments as necessary to create and design academic and work programming that includes academic restructuring and attracting new industry-driven workforce and job training centers to convert and sustain existing regional workforces to next-generation manufacturing models and goals.(vi) Expand and incentivize an industry-led business environment in alignment with the Commonwealth's economic development goals, including financial incentives for infrastructure support.Added by P.L. (number not assigned at time of publication) 2024 No. 24,§ 102, eff. 6/13/2024.