“PNC Bank is engaging with the Invent Penn State initiative to drive economic development in Happy Valley. We have already begun working with startups at Happy Valley LaunchBox, and look forward to seeing the impact our relationship will have in the future.”
PNC Regional President of Central Pennsylvania
PNC Bank commits $1 million to power Happy Valley LaunchBox
UNIVERSITY PARK, Pa. —Happy Valley LaunchBox has received a $1 million grant from PNC bank enabling the innovation hub to continue providing early-stage startups with support and resources to build sustainable, scalable businesses and develop viable plans for growth.
To recognize PNC’s support, the downtown State College innovation hub will be renamed “Happy Valley LaunchBox, Powered by PNC Bank.”
“Penn State is deeply grateful for PNC’s leadership in supporting Happy Valley LaunchBox. We believe that our innovation hubs are key to driving economic development in Pennsylvania and contributions from alumni, friends and corporate partners like PNC will ensure that our innovation hubs can serve Pennsylvania’s communities for years to come,” said Penn State President Eric Barron.
The grant forges a unique relationship between PNC and Happy Valley LaunchBox. PNC executives will participate in entrepreneurial programming such as the hub’s speaker series and mentorship program.
“PNC Bank is engaging with the Invent Penn State initiative to drive economic development in Happy Valley,” said Jim Hoehn, PNC regional president of Central Pennsylvania. “We have already begun working with startups at Happy Valley LaunchBox, and look forward to seeing the impact our relationship will have in the future.”
PNC’s commitment to Penn State’s mission spans more than a half-century. Penn State Children’s Hospital, the Schreyer Honors College, the Smeal College of Business, and the College of Information Sciences and Technology are just a few of the areas that have received leadership-level support from PNC. The University recognized PNC as its Corporate Partner of the Year in 2007. With PNC’s recent commitment to Happy Valley LaunchBox the company’s total philanthropic support for the University now exceeds $9.4 million.