The University of Toledo’s Clean and Alternative Energy Incubator is a place known for helping startup companies navigate business challenges, and it will soon be expanding its services to existing businesses, too.
UT held a ribbon-cutting celebration June 17 for a Procurement Technical Assistance Center (PTAC) that will be on the first floor of the incubator located at 2600 Dorr St.
PTACs are government-funded programs dedicated to providing businesses an understanding of government contracting requirements and the know-how to obtain and perform federal, state, local and university government contracts.
“The PTAC will help raise awareness of business opportunities and special programs for our local companies, as well as provide further understanding of government’s contracting standards and guidelines,” said Megan Reichert Kral, UT director of incubation. “This program is an excellent addition to UT’s economic development resources.”
The PTAC program is funded through a partnership of the federal Defense Logistics Agency, the Ohio Department of Development’s Minority Business Division and the University.
Other programs located at the Clean and Alternative Energy Incubator include the Manufacturing Small Business Development Center and the re-established International Trade Assistance Center program. These programs, along with the PTAC program, serve companies in the 15 counties of northwest Ohio.
Toledo’s PTAC was formerly housed by the Toledo Regional Chamber of Commerce.