Bucks County Looks to Build a More Robust Startup Scene as Part of its Economic Recovery Strategy
Bucks County is focused on building a community of startups and entrepreneurs as its economy emerges from the pandemic.
The county is funneling funding into programs like nonprofit Startup Bucks’ early-stage startup program, as well as allocating money to its Office of Workforce and Economic Development to support entrepreneurs.
Bucks County has allocated $250,000 to the Bucks Built Startup Fund, a project spearheaded by Startup Bucks to spur entrepreneurship. The program offers a $25,000 investment in the form of a convertible note to startups with a presence in Bucks. Qualified startups must have plans to hire or grow their business in the county, and funding is given to 10 companies in two cohorts.
Employee Cycle’s headquarters are split between Bucks County and Philadelphia. While Marable lives in Philadelphia proper, his co-founder, Salas Saraiya, lives in Bucks County and bases his operations from the county. Several other Employee Cycle team members live in Bucks as well, making the Bucks Built program a natural fit, Marable said.
The Bucks Built Startup Fund’s $25,000 in funding for startups was a draw, Marable said, but it was the program’s tailored programming that provided a big bonus. The program helped Employee Cycle connect with other Bucks County founders, he said.
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