Ben Franklin Technology Partners Responds to
FY 2021-22 Budget
Gov. Tom Wolf’s proposed 2021-22 General Fund budget would provide continued investments in innovation through $14.5 million in funding to the Ben Franklin Technology Development Authority (BFTDA), which funds the Ben Franklin Technology Partners (BFTP). BFTP is a statewide economic development initiative that invests in and supports high-tech entrepreneurs and startups, and innovative manufacturers, which create and retain the highly paid, sustainable jobs that drive Pennsylvania’s new economy.
Ben Franklin Technology Partners serves all 67 counties through four regionally based centers in Pittsburgh, State College, Bethlehem, and Philadelphia, with satellite offices across the state. Launched more than 35 years ago, Ben Franklin has become one of the most widely known and emulated state technology-based economic development programs in the nation.
“We’re grateful for the governor’s support and look forward to working with his administration and the General Assembly to ensure Ben Franklin has the resources it needs to keep building an ecosystem that fosters high-tech development and drives entrepreneurial success,” said Ryan E. Glenn, Ben Franklin’s Director of Statewide Initiatives.
“We believe now more than ever that investments in innovation are critical --- not only to help our state continue its response to the COVID-19 pandemic, but also to fuel the recovery that will help to get our economy back on track,” Glenn said.
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Lifted Pa. Economy During Pandemic
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Ben Franklin Remembers and Thanks Gov. Dick Thornburgh
The Ben Franklin Technology Partners honors the legacy of Governor Dick Thornburgh, who created the statewide Ben Franklin program and guided the Commonwealth and its residents toward economic prosperity and renewed opportunity. His efforts resulted in a dynamic, flexible foundation for innovation that has earned bipartisan support since its inception. That work continues today, stronger than ever.
Thirty-eight years ago, Gov. Thornburgh rose to the challenge of one of the most precarious economic periods in Pennsylvania history. After years of decline, the industries and jobs synonymous with our communities were rapidly disappearing and the state unemployment rate loomed at nearly 15 percent. Pennsylvania’s economy was uncertain, and there was great concern about where jobs were going to come from in the future. The Commonwealth needed a path forward.
Fortunately, Gov. Thornburgh understood emerging economic trends and had a vision for Pennsylvania. His idea embraced the promise of high-paying, sustainable jobs created because of technological advances and breakthroughs achieved by the Commonwealth’s tech-based entrepreneurs and innovative manufacturers. continue reading