For Immediate Release
May 5, 2016
PA Treasury and Lehigh University Hosting Small Business Initiative Event on May 19
Lehigh Valley businesses can learn about key issues from business experts including keynote speaker William Hindle, president of HindlePower, Inc.
Harrisburg – The PA Treasury is holding a Small Business Initiative (SBI) event on May 19, 2016 at Lehigh University’s College of Business and Economics. The event will include a series of workshops that focus on key issues that face small businesses including health and insurance, corporate structure and governance, finance and revenue and legal and intellectual property. An additional workshop session on the procurement process will be led by the Pennsylvania Departments of General Services and Community and Economic Development. Registration for that event is available at at www.patreasury.gov/sbi. Use code Lehigh Comp before May 11 for a limited time offer of free registration to the first 40 small businesses who register.
“Small business is a key driver of job creation and economic growth not just in the Lehigh Valley but across the entire state, so by helping them we are helping all of Pennsylvania. As an entrepreneur, I understand small businesses face many challenges as they try to grow, so we are offering area businesses the opportunity to learn from experts and arm them with the information and contacts they need to increase revenues and jobs.”
Pennsylvania Treasurer, Timothy Reese
The workshops are held at prestigious universities across the state and are conducted by leading businesses across the state including Ernst and Young, United Healthcare, DuPont, Morgan, Lewis & Bockius LLP, Pennsylvania Department of Community and Economic Development, and Buchannan Ingersoll and Rand PC, among others.
William Hindle, president of HindlePower, Inc. of Easton, PA will give the keynote address about his path to success, from his graduation from Lehigh University in 1978 with a B.S. in mechanical engineering, to his stint at Exxon and working at family-owned HITRAN Corporation. In 2000, Hindle spun off the company’s Power Systems Division, renamed it HindlePower and moved the company to Easton. In 2012, its employees selected HindlePower as the “Top Workplace” in the Lehigh Valley. The company also won the Excellence in Business Award from the Lehigh Valley Chamber of Commerce and was recognized with the state of Pennsylvania’s Entrepreneurial Impact award. Hindle owns four patents.
David E. Welsh, Executive Director of Executive Education at Lehigh University’s College of Business and Economics, will introduce Hindle.
“At Lehigh, we are an active part of the continuum in the life cycle of a small business, both for students and as a resource to small businesses in the region. That continuum extends from idea and innovation development to formation of mature companies, with Lehigh’s role focusing primarily at the early stage in development of a business, developing talent, getting ideas to market, and helping companies in their infancy and middle stages as they strive to adapt and improve.”
Georgette Chapman Phillips, Dean of Lehigh University’s College of Business and Economics
The university’s Small Business Development Center, for example, assists more than 1,000 small businesses each year; the Southside Bethlehem Keystone Innovation Zone (KIZ) creates a knowledge neighborhood adjacent to the university and its partners in the City of Bethlehem, while Lehigh students and faculty launch about 60 startups a year. Additional resources can be found at Ben Franklin Partners TechVentures high-tech business incubator on the Lehigh campus, Lehigh’s Office of Technology Transfer and the Baker Institute for Entrepreneurship, Creativity and Innovation. Lehigh’s business college offers a highly ranked undergraduate business curriculum and renowned MBA and executive education programs, including a new one-year master’s of management.
“We cultivate a culture of entrepreneurship, especially among our students, and provide a top-notch business education that includes training in the art and practice of creating new companies,” said Phillips. “We know that small businesses are a cornerstone of the healthy economic development of any community and region, and Lehigh plays an integral role in that supportive ecosystem.”
The SBI event includes breakfast, lunch and access to 12 workshops, networking with the SBI business partners, access to information and resource tables and networking opportunities with possible investors, business services providers and mentors. Seating for the event is limited, so pre-registration is required.
The SBI is aimed at small business owners who have been in business a minimum of three years with gross revenues exceeding $250,000 for the prior two years and who provide a product or service with expansion plans within the next six to 12 months. Two more events are planned in Pittsburgh and York, PA for later this year.
To learn more about Pennsylvania Treasury’s Small Business Initiative or register for the Bethlehem event, visit http://www.patreasury.gov/sbi or call (610) 882-9700.
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The Pennsylvania Treasury is an independent department of state government led by the state treasurer, who is elected every four years. The department's primary duty is to safeguard and manage the state's public funds. It invests state money to generate income on behalf of the citizens of Pennsylvania, reviews and processes payments for state government agencies, and serves as custodian of more than $100 billion in state funds. Key Treasury programs include Unclaimed Property, PA 529 College Savings Program and the Board of Finance and Revenue.