Community and Economic Development (DCED) Secretary Dennis Yablonsky today announced the appointment of Rebecca Bagley as Deputy Secretary for Technology Investment. Bagley will manage the commonwealth's technology-based economic development efforts, making sure the necessary infrastructure is in place to assist companies at every stage of the business life cycle.

Pools of Angels Make the Money Hunt Easier By ANNE FIELD Published: June 23, 2005, NY Times.com About two years ago, Jack Wheeler set out to raise money to hire a staff for MicroPhage, in Longmont, Colo., his start-up company that provides technology for detecting bacteria. He knew it was too early in the game to attract venture capital, so he began sounding out that amorphous network of private investors known as angels.

York has secret investors who want to help young companies grow By ANDR?A MARIA CECIL Daily Record/Sunday News Throughout the country there are dozens upon dozens of groups of anonymous people willing to hand over money to young companies that want to grow. Now there?s a group in York. The Investors Circle of York, which the York County Economic Development Corp. formed in February, comprises nearly 30 ?high net worth individuals? who hear companies? requests for funds and decide how much to give which firms. In return, the members may receive an equity stake in the company, a high-yield return or some other return on investment that the investor and the company agree on before the investment is made.

VCs To Angels: Get the Value Right Matthew Sheahan May 30, 2005 Why so much hostility between venture capitalists and angels? A new survey indicates that it comes down to one word: money. PE Week was given an exclusive first look at the survey, which was conducted by George Washington University's Council on Entrepreneurial Tech Transfer and Commercialization.

ohn Kelley, President of Herley Industries, will kick-off the upcoming Yellowcakes, Inc. conVerge event, focused on business acquisitions and buyouts. As an industry leader in aeronautics and defense technologies, Herley Industries has been on the forefront of new technology developments, acquiring multiple companies over the last two years.