Ben Franklin News
Ben Franklin Northeast to receive $19+ Million over several years through PA’s Dept. of Community and Economic Development
Governor Tom Wolf announced that Pennsylvania has awarded $246.8 million in American Rescue Plan funding, through the State Small Business Credit Initiative (SSBCI), to local economic development partners to make direct equity investments and loans to small businesses to spur success and job creation opportunities across the commonwealth. “The dollars awarded today will help businesses Continue Reading...
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... Read More >New Ben Franklin Award at FACTORY’s StartUp Lehigh Valley
More than $30,000 in prize money up for grabs in 4th annual StartUp Lehigh Valley pitch competition for entrepreneurs StartUp Lehigh Valley, a pitch competition for entrepreneurs developed and hosted by Factory LLC, is back for a fourth year! This year’s competition will be held live at Factory’s headquarters in south Bethlehem broadcast and streamed live on 69 Continue Reading...
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... Read More >Gov. Wolf Announces New Tech Jobs with Expansion of iDEAL Semiconductor
Governor Tom Wolf announced that Ben Franklin client, iDEAL Semiconductor Devices, Inc., a fabless semiconductor company, plans to expand its technology research and development and create at least 63 new, high-paying jobs in the Lehigh Valley. “This is exactly the type of project my administration is proud to invest in – it’s a big win Continue Reading...
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... Read More >Ben Franklin to Invest $134,750 in the Regional Economy
The Ben Franklin Technology Partners of Northeastern Pennsylvania’s (BFTP_NEPA) Board of Directors has approved the investment of $134,750 in support of regional economic development. Three companies from BFTP_NEPA’s 21-county service area received funding. The investment identified as a continuation project indicates that the client achieved pre-determined milestones and is receiving more funding to accomplish additional Continue Reading...
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... Read More >Wolf Administration: $16.4 Million in Challenge Grant Funding Approved for Ben Franklin Technology Partner Projects
Department of Community and Economic Development (DCED) Acting Secretary Neil Weaver and the Ben Franklin Technology Development Authority (BFTDA) announced today that $16.4 million in Challenge Grant funding has been approved for the Ben Franklin Technology Partners, the first increase in funding for the BFTDA in 13 years. “Pennsylvania’s history is filled with innovative individuals Continue Reading...
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... Read More >Jacqueline A. Hollenbach Appointed to Ben Franklin Board
The Ben Franklin Technology Partners of Northeastern Pennsylvania (BFTP_NEPA) has announced the appointment of Jacqueline A. Hollenbach, Vice President, Research and Development – Vascular, Teleflex, Inc., to its board of directors. Teleflex, headquartered in Wayne, PA, is a global provider of medical technologies that applies innovation around unmet clinical needs to improve people’s health and Continue Reading...
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... Read More >American Rescue Plan Includes Essential Funding for Pa. Small Businesses
$142 million will go toward seed- and early-stage technology companies Pennsylvania was awarded nearly $268 million in American Rescue Plan funding through the State Small Business Credit Initiative (SSBCI), including approximately $142 million for equity and venture capital investments. The Pennsylvania Department of Community and Economic Development (DCED) will distribute the new funds to eligible Continue Reading...
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... Read More >Ben Franklin Announces 5 Investments Totaling $252,500
The Ben Franklin Technology Partners of Northeastern Pennsylvania’s (BFTP_NEPA) Board of Directors has approved the investment of $252,500 in support of regional economic development. Five companies from BFTP_NEPA’s 21-county service area received funding. Investments identified as a continuation project indicates that the client achieved pre-determined milestones and is receiving more funding to accomplish additional project Continue Reading...
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... Read More >BFTP CEO Presents at BIDA
BFTP_NEPA President and CEO Angelo J. Valletta presented at the Berwick Industrial Development Association (BIDA) 60th anniversary celebration on July 12. Describing Ben Franklin’s work, Valletta cited client, OPTiMO Information Technology, Bloomsburg, which had two employees when they first received a Ben Franklin investment and now employ 100. OPTiMO is an IT consulting firm specializing Continue Reading...
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... Read More >Inside Pennsylvania’s Tech Renaissance
Pennsylvania played a starring role in the industrial revolution, which explains why so many people still associate the state with its industrial roots. But the entrepreneurial spirit woven into Pennsylvania’s DNA, as well as a strategic decision in the 1980s to substantially invest in tech-based economic development, has given way to a thriving tech scene that rivals Continue Reading...
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