State Budget, State Small Business Credit Initiative (SSBCI) Funding Awarded to Spur Small Business Success & Job Creation Across Pennsylvania

Gov. Wolf Announces $268 Million in New ARPA Funding Awarded to Pennsylvania
Nearly $268 million in American Rescue Plan funding, through the State Small Business Credit Initiative (SSBCI), was awarded to Pa. to spur small business success and job creation opportunities across the commonwealth.
State Budget Includes Investments in Innovation
Ben Franklin funding increases $2.5 million over current fiscal year

The line item for the Ben Franklin Technology Development Authority (BFTDA), which funds BFTP, is included within the budget for the Department of Community and Economic Development (DCED), will rise from $14.5 million to $17 million.

NEW & NOTEWORTHY

Ben Franklin Technology Partners Receive Funding Increase

IA challenge grant of $16.4 million has been announced by the Pennsylvania Department of Community and Economic Development for the Ben Franklin Technology Partners, the first increase in funding for the BFTDA in 13 years.

Each of the four Ben Franklin partners will receive $4,106,250 in funding.

Ben Franklin Releases 2021 Statewide Economic Impact Report

Today, Ben Franklin is one of the nation’s most active and progressive investors in diverse founders of seed-stage, technology companies, and established manufacturers. For every dollar invested in Ben Franklin by the Commonwealth, we generate a return of $3.90 in incremental tax revenue for Pennsylvania and have boosted the state’s economy by more than $25 billion.