Policy Makers
Investments in innovation are the foundation of the new economy and continued prosperity, and Ben Franklin’s investments continue to pay huge dividends for the Commonwealth.
Investing in Impact
In 2023, Ben Franklin clients generated more than $2.7 billion in revenue and secured $1.23 billion in post-Ben Franklin financing. Ben Franklin also supported 1,827 companies and helped clients create nearly 2,493 jobs while retaining 10,588 more positions.
Independent economic analyses show that every $1.00 invested by the state into Ben Franklin generates $4.00 in additional state taxes.
There is a reason Ben Franklin has become the recognized gold standard for tech-based economic development. Its highly developed approach works!
Driving the Commonwealth’s Economy
Ben Franklin’s network of clients continued to drive Pennsylvania’s economy with innovation and entrepreneurial efforts, developing 189 software copyrights and patents and launching 360 new products and processes, in 2023 alone.
These latest numbers build on an impressive legacy of success.
$30 Billion and 159,000 Jobs
Since its inception nearly 40 years ago, Ben Franklin has invested in more than 4,500 technology-based companies and boosted the state economy by more than $30 billion, helping to generate 159,000 jobs through investments in client firms and spinoff companies in Pennsylvania.
Jobs generated by Ben Franklin are in industries that pay annual salaries of $79,364 per year, or 52 percent higher than the average private nonfarm salary in Pennsylvania.
See Our Impact Across Pennsylvania
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