SlideShare a Scribd company logo
Statewide Investment Region Collaboration
Job Creation and Strong Economic Development
For Pennsylvania
Ben Franklin Technology Partners
Overview
State funded, created in 1982
Strategy
Develop and grow early-stage technology companies
Improve established manufacturers
Promote innovative community-wide infrastructure
initiatives
Decentralization Allows Regional Focus
Investing in
Early Stage Technology
CompaniesTaking calculated risks in young companies
BF investment is initial endorsement
Preparing companies for follow-on funding
Comprehensive business and technical assistance
Early-Stage Ben Franklin Clients in
Northeastern Pennsylvania
Enhancing
Established Manufacturers
Process enhancement
Product improvement
Technology application
Links to university resources
BF Impact- independent study
PA Economy League Study 2007-2011
BF boosted PA’s economy $6.6 billion (increase in GSP).
PA generated $502+ M in additional tax revenues, a
$3.60:1 return on state investment of $137.7 million.
BF client firms create jobs that pay 33% more than the PA
average.
Statewide, BFTP returned $3.60 to the Pennsylvania Treasury
for every $1 invested.
Ben Franklin Statewide Impact 2016
168 Companies Formed
446 New Products
1386 Jobs Created
$474M Post BFTP Funding
$903M Ben Franklin Clients Sales Revenue
High-Value Jobs
Through
Technology and Innovation
Contact Information:
Mr. Kenneth G. Okrepkie
Regional Manager, Ben Franklin Technology Partners NEP
P: 570-709-4040
E: kokrepkie@nep.benfranklin.org

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TEC Bridge - 2017 Nereta Job Creation Summit