The line item for BFTDA, which is included within the budget for the Department of Community and Economic Development (DCED), totals $17 million for the third consecutive fiscal year.

“The more we invest in innovation, the better the outcomes,” said Ryan E. Glenn, Ben Franklin’s Director of Statewide Initiatives. “The formula works. These investments are growing our high-tech economy, building out our entrepreneurial ecosystem to attract the best and brightest, and creating the jobs of tomorrow.” The latest report comes as Gov. Josh Shapiro and the General Assembly try to negotiate a 2025-26 General Fund budget before the end of the fiscal year June 30.