State College, PA - Centre County - Central Pennsylvania - Home of Penn State University

KCF to expand with new downtown SC office

by on November 01, 2018 8:27 AM

STATE COLLEGE — Homegrown company KCF Technologies plans to expand its operations by setting up shop in a third office in downtown State College. This will add 1,500 square feet in space to the growing company. The expansion also will provide more jobs and opportunities for the region.

“Our company ‘grew up’ downtown, starting in an office on Foster, and we want to keep our roots here. The new property allows us to continue to grow without losing our connections to the vibrant downtown area,” said company president Jeremy Frank. “The (Centre

County Economic Development Partnership's) partnership was an important part of that decision.”

Frank said the company plans to move to the office space in one of the new downtown buildings by March and couldn’t have made the leap without support from the local government. The $1.5 million expansion effort was helped along by a $150,000 investment assistance package from local municipalities, with the county providing $50,000 of support and four local municipalities — State College Borough, College Township, Ferguson Township and Patton Township — each committing $25,000. The municipal leaders see the ability of KCF to create more good jobs as a way to promote economic development to the area.

The announcement was made at the Chamber of Business and Industry of Centre County office, with officials from the Centre County Economic Development Partnership in attendance. CBICC and CCEDP president Vern Squier said KCF Technologies is a great success story and is an example of the opportunities that are happening in Centre County with the growth of startup companies.

“KCF Technologies is a true homegrown success story, evolving from a company heavy on government sponsored research projects to one realizing tremendous commercial success with SmartDiagnostic technology,” said Squier. “As the company continues to experience robust growth and expand its industrial customer base, it is critical importance to economic growth and job creation that the company remains headquartered in State College and Centre County.”

The company recently hired its 100th employee and pledges to expand to 200 within 36 months as part of the performance agreement with CCEDP. It also has pledged to lease the new office space for no fewer than five years and maintain its headquarters in State College for no fewer than 10 years.

In return, the CCEDP will work to remedy parking concerns for current and future employees and work to ensure that KCF will be able to make its own move-in date of Friday, March 1.

“We are thrilled to expand in the downtown area. The CCEPD’s partnership allows our community’s commitment to supporting small business and entrepreneurship, and we are very thankful for that support,” said Frank.

He said the speed of the move is important because the company is “bursting at the seams” and needs the new space to keep growing.

Of the new jobs, Frank said they are looking for engineers with social skills.

For Frank, downtown State College provides a benefit for his employees and allows them to live in an up-and-coming community with easy commutes to work, allowing for more family time.

State College Mayor Donald Hahn spoke at the event about how pleased he was to see a company like KCF continue to expand in the borough and bring jobs to the region.

“This growth will help cultivate high-quality job opportunities and create additional jobs for professionals in State College,” said Hahn. “The borough has always enjoyed a collaborative relationship with KCF Technologies and looks forward to continuing this strong relationship for years to come. I want to personally thank KCF Technologies for its continued commitment to the local economy.”

Vincent Corso is writer for Town&Gown and the Centre County Gazette.
Disclaimer: Copyright © 2020 All rights reserved. This material may not be published, broadcast, rewritten or redistributed.