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Nanotechnology could be in Pulaski’s future

The Town of Pulaski has been approved for a grant that could lay the groundwork for development of a local nanotechnology park by funding its first potential occupant.
“We’re excited about getting the grant,” Pulaski Economic Development Director John White said. “We’ve been working hard to attract nano clients. This is one of three we’ve been working with …”
He said it has taken two years to get all the documentation in to apply for the funding.
SubMicron Technologies, LLC, will be the beneficiary of the $99,000 grant awarded to the Town of Pulaski by the United States Department of Agriculture (USDA). The town is among 145 recipients of more than $15.3 million in USDA grants funded through the economic Recovery Act and geared toward the start and expansion of businesses in rural communities.
“When you apply for rural development loan funds, you have to have a target (project) in mind,” White said. In this case, the target was SubMicron Technologies, a new company that will use nanotechnology to manufacture coatings for dental instruments, specialty knife blades and other tools. He explained that the “nano-coatings” make the instruments more durable.
The grant funds will be set up as a revolving loan, meaning that once SubMicron repays the loan, the funds will be available for another client.
Pulaski Town Council will serve as the loan committee.
White said the grant funds will be used to purchase equipment needed by the borrowing business. For example, instruments needed to take measurements in the nanotechnology realm.
Although initial plans for a nanotechnology park were centered around the former Pulaski Furniture complex in downtown Pulaski, White said it was determined that site was not suitable for such a venture.
Now, plans call for the businesses to possibly begin operation within the town or at the Competitiveness Center in Fairlawn and eventually move to the Commerce Park off Route 100 near the New River Valley Airport.
Although the Competitiveness Center and Commerce Park are outside the town limits, the town has partial ownership in both through its partnership with other towns, cities and counties in the New River Valley.
Another reason the nanotechnology park is being targeted for the Commerce Park, White said, is that the park “is a bigger project than one locality has the financial wherewithal to do.”
The goal is to attract nanotechnology companies that are focused on manufacturing rather than research.
“The more nanotechnology companies we have, the more companies that will want to be in the New River Valley” because of the local quality of life and proximity to Virginia Tech, said White.
The town’s grant is one of five Rural Business Enterprise Grants totaling over $436,000 issued by USDA to Virginia.

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Nanotechnology could be in Pulaski’s future

The Town of Pulaski has been approved for a grant that could lay the groundwork for development of a local nanotechnology park by funding its first potential occupant.
“We’re excited about getting the grant,” Pulaski Economic Development Director John White said. “We’ve been working hard to attract nano clients. This is one of three we’ve been working with …”
He said it has taken two years to get all the documentation in to apply for the funding.
SubMicron Technologies, LLC, will be the beneficiary of the $99,000 grant awarded to the Town of Pulaski by the United States Department of Agriculture (USDA). The town is among 145 recipients of more than $15.3 million in USDA grants funded through the economic Recovery Act and geared toward the start and expansion of businesses in rural communities.
“When you apply for rural development loan funds, you have to have a target (project) in mind,” White said. In this case, the target was SubMicron Technologies, a new company that will use nanotechnology to manufacture coatings for dental instruments, specialty knife blades and other tools. He explained that the “nano-coatings” make the instruments more durable.
The grant funds will be set up as a revolving loan, meaning that once SubMicron repays the loan, the funds will be available for another client.
Pulaski Town Council will serve as the loan committee.
White said the grant funds will be used to purchase equipment needed by the borrowing business. For example, instruments needed to take measurements in the nanotechnology realm.
Although initial plans for a nanotechnology park were centered around the former Pulaski Furniture complex in downtown Pulaski, White said it was determined that site was not suitable for such a venture.
Now, plans call for the businesses to possibly begin operation within the town or at the Competitiveness Center in Fairlawn and eventually move to the Commerce Park off Route 100 near the New River Valley Airport.
Although the Competitiveness Center and Commerce Park are outside the town limits, the town has partial ownership in both through its partnership with other towns, cities and counties in the New River Valley.
Another reason the nanotechnology park is being targeted for the Commerce Park, White said, is that the park “is a bigger project than one locality has the financial wherewithal to do.”
The goal is to attract nanotechnology companies that are focused on manufacturing rather than research.
“The more nanotechnology companies we have, the more companies that will want to be in the New River Valley” because of the local quality of life and proximity to Virginia Tech, said White.
The town’s grant is one of five Rural Business Enterprise Grants totaling over $436,000 issued by USDA to Virginia.

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