EDGE Tech Corp Receives Federal Home Loan Bank JOBS Grant
9/27/2007 by Ada Jobs
On September 27, 2007,Citizens Bank of Ada announced that EDGE Tech Corp is the recipient of $25,000 Joint Opportunities for Building Success (JOBS) grant from the Federal Home Loan Bank (FHLBank) of Topeka. According to the FHLBank of Topeka, the JOBS program is an economic development initiative that assists members in promoting employment growth in their communities. The JOBS program is competitive process and consideration factors include: the impact the proposed use of funds has on employment, including the number of jobs created or supported, the quality of the jobs created or supported, the viability of the project and the readiness to proceed, as well as community needs and support, which includes whether the area is economically challenged, what measurable benefit there is to the community, and the amount of community and member participation.
EDGE Tech Corporation is proud to have been chosen as a recipient of the FHLBank's "Joint Opportunities for Building Success (JOBS)" Grant. EDGE's application for the grant coincided with the company's decision in late 2006 to expand its Ada headquarters and further develop its staff.Today, EDGE operates from a 46,000 square foot facility in Ada, employing about 70 Team Members here.
EDGE Tech Corp, an ISO 9001:2000 certified company, is a leading supplier of DRAM and Flash memory upgrades, portable computing products, storage devices, and other experience-enhancing technology solutions. EDGE Tech Corp is one of the largest and most respected companies in its industry.
"We're pleased to continue to be a part of the community where it all began in 1986, when 14-year-old Jeff Thompson started the company using money he saved from an Ada Evening News paper route," William E. Thompson, Director of Administration, stated. "This grant helps EDGE to continue its growth; we expect to continue to increase staffing in Ada, and we thank the FHLBank for its decision to award EDGE this funding."
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