Entrepreneurial Alchemy Network is about to get a major financial boost from the state.

The fledgling regional consortium, which includes the Community Foundation for the Alleghenies, recently learned it will receive a $200,000 grant through the Department of Community and Economic Development’s Discovered in PA – Developed in PA program. The program is designed to spur economic advancement and creativity.

“We are providing opportunities for our students and entrepreneurs to access education and programs to help their ideas take flight,” Gov. Tom Corbett, a Republican, said.

“Our partnership with the Community Foundation for the Alleghenies can seed local innovation by providing our entrepreneurs with the tools they need to launch and grow their companies in Pennsylvania.”

The alchemy’s goal is to help students and young entrepreneurs create economic development in the Johnstown region.

“We are off and running with this initiative because of the great community interest, local partners and excellent facilitation,” Mike Kane, the foundation’s president, said.

“The commonwealth’s partnership in this allows it to move forward so quickly.”

Several individuals and organizations, including the University of Pittsburgh at Johnstown and Johnstown Area Regional Industries, are involved in the network.

“It’s a broad and developing economic ecosystem in the region that has many moving parts and many important players in it,” Ray Wrabley, a UPJ political science professor, said.

Dave Sutor is a reporter for The Tribune-Democrat. He can be reached at (814) 532-5056. Follow him on Twitter @Dave_Sutor.