Wolf Administration Announces Funding for Tech Investments in Southeastern Pennsylvania
Department of Community and Economic Development (DCED) Secretary Dennis Davin and the Ben Franklin Technology Development Authority (BFTDA) announced that $1 million has been awarded to the Global Opportunity Philadelphia Fund to invest in early stage technology companies in the Greater Philadelphia region.
The Global Opportunity Philadelphia Fund was formed by Ben Franklin Technology Partners of Southeastern Pennsylvania (BF-SEP), with offices located at the Philadelphia Navy Yard, to invest in new companies and stimulate economic growth in Pennsylvania.
“The Bens have had a longstanding and impactful legacy across Pennsylvania, and the development of the Global Opportunity Philadelphia Fund will only further the mission and reach of Ben Franklin Technology Partners of Southeastern Pennsylvania,” said Sec. Davin. “Now, more than ever, we need to invest in promising companies and promising technology to create a promising future, and the Global Opportunity Philadelphia Fund will make the strategic investments necessary to secure that future in Philadelphia and beyond.”
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