Innovation Ecosystems Remain PA’s Best Opportunity to Recover and Grow. We Must Invest Accordingly.
When most people think ecosystems, they imagine plants and animals sharing a physical environment like a forest or a lake. However, when Ben Franklin Technology Partners thinks of ecosystems, we think of environments that attract startups, foster innovation and drive entrepreneurial success. In other words, the work Ben Franklin conducts in all 67 Pennsylvania counties through four regionally based centers in Pittsburgh, State College, Bethlehem and Philadelphia, as well as our work at several satellite offices spread across the commonwealth.
For more than 35 years, Ben Franklin has supported hundreds of entrepreneurs in our quest to drive Pennsylvania’s innovation economy. We’ve been incredibly successful in our efforts, with independent analyses finding that every dollar invested by the state into Ben Franklin generates $3.90 in additional state taxes. We’ve been, and remain, an incredibly smart investment for the commonwealth.
Ben Franklin’s return on investment is precisely why supporting innovation ecosystems represents Pennsylvania’s best chance to recover from the economic damage inflicted by the COVID-19 pandemic, and represent a great opportunity to elevate our economy to bold new heights.
Read the full article here.