Aug 24,2006 00:00
Bend Weekly News Sources
Friday U.S. Senator Ron Wyden announced a new initiative to help bolster growth of early stage and entrepreneurial tech-based ventures in the tri-county area of Central Oregon. The concept, named Bend Venture Catalyst, was initiated by local business leaders and will be funded by a federal appropriations championed by Senator Wyden. Economic Development for Central Oregon (EDCO) will implement the three-year pilot program.
“EDCO is very pleased to be a part of this exciting and innovative new program to provide substantive assistance to promising early stage companies,” said EDCO President Jean Wood. “The effort represents the natural progression in EDCO’s business development efforts to help take the best of our locally-incubated ventures and grow them into larger, more profitable employers that will offer well paying jobs and reinvestment back into the community,” noted Wood.
Sen. Wyden has made economic development, and specifically support of the high technology industry, a top priority of his service in the U.S. Senate, seeking ways to make the Federal government a better partner in local efforts through targeted investments. His efforts have earned him the 2000 Legislator of the Year by the Information Technology Council and he was inducted by the American Electronics Association (AeA) into its Legislator Hall of Fame.
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