Tuesday, September 16, 2003

Tristate summary

GE wins $120M engine contract

Staff reports

GE Aircraft Engines has won a firm order valued at more than $120 million to supply engines for 30 regional jets for SkyWest Airlines.

The carrier also took options for an additional 80 of the 70-seat Bombardier CRJ700 regional jets. GEAE will supply its CF34-8 engines for the aircraft starting early next year and continuing into 2005.

The growing popularity of the regional jets has spurred a boom in orders for the GE CF34 engines. GEAE says it has won orders for more than 500 CF34s this year.

SkyWest, based in St. George, Utah, ordered the aircraft for its United Express operation on behalf of United Airlines.

Entrepreneur grants are offered

A consortium led by the University of Cincinnati is looking for wannabe entrepreneurs to apply for monetary grants offered by a National Science Foundation program.

The group is calling the effort "Cincinnati Creates Companies."

It wants budding businesspeople to enter into an entrepreneurship boot camp to take them from the idea stage to company formation.

Graduates will compete for funding of $25,000 to $50,000 from the NSF's Partnerships for Innovation Program and will be introduced to business advisers and investors.

The program is aimed at two types of endeavors: The launch or expansion of an idea or company with new technology or a new product, and those seeking intellectual property needed to start a company.

Other members of the group are Bio/Start, Emerging Concepts Inc., Hamilton County Business Center, CincyTechUSA and Children's Hospital Medical Center. Information: Dr. Dorothy Air at Dorothy.Air@uc.edu or at 513-558-6054.

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