Innovative Technology Economic Development Program Recognized for 30 Years of Service

(HARRISBURG) – – The Senate of Pennsylvania today unanimously passed a resolution recognizing the 30th anniversary of the Ben Franklin Technology Partners (BFTP).  The resolution was authored by Senator John R. Gordner (R-27).

“Since its inception 30 years ago, Ben Franklin Technology Partners has helped early stage technology companies, as well as existing manufacturers by not only providing funding for innovative products and services, but also technical expertise through university, investor and industry networks,” said Senator Gordner.

The Pennsylvania Economy League has evaluated BFTP, and through 2011 has determined that the Partners have generated over $3 billion in investments, resulting in over 50,000 jobs created. “Because these are specialized technological positions, the Economy League determined that wages in BFTP industries are 36% higher than the median Commonwealth wage,” said Senator Gordner.

The League also determined that Pennsylvania received more than $350 million in additional state tax receipts as a direct result of BFTP investment in client firms and another $144 million in sales tax receipts as a result of related BFTP client services from 2007 to 2011.

Ben Franklin Technology Partners was created through an act of the General Assembly that was signed into law by Governor Dick Thornburgh in December 1982.  It serves all 67 counties of the Commonwealth through four regional centers.

CONTACT:

Todd B. Roup
(717)787-8929