October 18, 2013 | Ben Franklin Technology Partners of Southeastern Pennsylvania
Philadelphia – Governor Tom Corbett today met with successful start-up companies at the Ben Franklin Technology Partners’ headquarters in the Building 100 Innovation Center and joined entrepreneurs and members of the legislature to launch Innovate in PA, a new program created to accelerate high-wage job growth through supporting small, emerging companies.
“With new, growth businesses continuing to drive job creation in Pennsylvania, Innovate in PA is a common-sense approach to economic growth,” Corbett said. “Innovate in PA’s investments will help forward-thinking companies inspired with vision to become household names, turning Pennsylvania into the next Silicon Valley.”
Innovate in PA will offer $100 million in deferred tax credits to insurance companies in the state to raise funds over multiple years. The funds raised will be directed to the highly successful Ben Franklin Technology Development Partners (BFTP), three Life Sciences Greenhouses and the Venture Capital investment program…