GE TO GIVE PENN STATE $10M FOR GAS DRILLING CENTER

[xchrom]

http://hosted.ap.org/dynamic/stories/U/US_GAS_DRILLING_GE_PENN_STATE?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2014-09-24-07-57-23

PITTSBURGH (AP) -- Penn State University said Wednesday that General Electric Co. will give the school up to $10 million to create a new center for natural gas industry research.

Penn State President Eric Barron said in a statement that the center will produce tangible benefits to the industry, to communities that are affected by drilling or related activity, and to consumers.

GE said the money will support research projects, equipment, and undergraduate, graduate, and postdoctoral fellowships at The Center for Collaborative Research on Intelligent Natural Gas Supply Systems. Barron planned to speak about the center during a luncheon with GE Senior Vice President Mark Little. GE is based in Fairfield, Connecticut.

The new center will include faculty from the Smeal College of Business, Earth and Mineral Sciences, Engineering, and Information Sciences and Technology.

[Frustratedlady]

1. Yet, they are asking for state and local breaks to bring jobs to town.

Every time they bring jobs, they ask for concessions from employees, tax breaks and grants from the state and local governments. Then, as another slap in the face, they end their year by paying no federal or state taxes. Hell of a deal.

[enough]

2. Well, we won't have to wonder about the outcomes of those "research projects."

As per the article, "The company will also have engineers in residence to work with faculty and students."

Great deal for everybody, just make sure your "research" is designed to find what you want to find.

[eppur_se_muova]

3. They need to listen to the Rockefeller Fund administrators. nt