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Pennsylvania’s Innovation Economy Driving Growth

A new national report that ranks states for business performance and competitiveness shows Pennsylvania making significant gains over the last year, with technology and innovation among the driving forces behind the economic resurgence.

Ben Franklin Technology Partners
Launches New Website
Ben Franklin Technology Partners is a network of four independent organizations that each cover a distinct geographic territory in Pennsylvania. To find the Ben Franklin partner that serves your area, look for your county on our interactive map.

Innovation Works Names new CEO

Ven Raju has been named President and Chief Executive Officer of Innovation Works (IW).


Ben Franklin Technology Partners Receive Funding Increase

A 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 2022 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.

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.
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