statewide strength, regional focus, global impact

Statewide Strength, Regional Focus, Global Impact

Gerald A. EphaultRegional Manager

www.benfranklin.org

Created in 1983, we link Pennsylvania entrepreneurs and companies with funding, people, technology, universities and other resources to help them prosper -- and in the process, fuel economic growth for the Commonwealth.

Mission: To help transform and grow the Pennsylvania economy through investments in technology, innovation and strategic partnerships that foster a favorable business environment for high-growth companies.

Investments

Develop early-stage, technology-oriented companies Help established companies creatively apply new technology and business practices to achieve industry leadership Promote innovative community wide initiatives that foster a favorable business environment for high-growth companies

Northeastern PA

Southeastern PA

Central Northern PA

Innovation Works

Investments1983-2007

State Funds: $150,588,863

Private Sector: $389,423,083

Other Match: $102,336,340

Total Investment: $642,348,286

CNBC State Competitiveness Rankings

Access to Capital 6

Education 6

Technology & Innovation9

Quality of Life 12

Transportation 16

BFTP Statewide Results

“The Ben Franklin Partners program statewide boosted Pennsylvania’s economy by $8 Billion in the 12 year period between 1989 and 2001.”

Source: Nexus Associates

BFTP STATEWIDE RESULTS

BF Generated 93,105 job-years at a cost to the Commonwealth of $3,342 per job year.

Every public dollar invested in BF yielded nearly $23 of additional state income.

The State garnered more than $400 million in additional tax revenue as a direct result of the program.

Source: Nexus Associates

Ben Franklin Statewide Impact2004-2006

$1.1 billion in follow-on funding

9,410 jobs created or retained

758 companies received investments

2,483 companies received business/technical assistance

751 new or improved products/processes

RESULTS OF BF INVESTMENTS Northeast Pennsylvania Technology

Center

Companies started

Products/Processes

Jobs Created

Jobs Retained

377

769

13,043

20,253

Ben Franklin Northeast Pennsylvania

10 incubator network including Tech Ventures6 Keystone Innovation Zones5 SBDC3 Appalachian Regional Local Development Districts100+ Professional Advisors: Solution Network50+Technical Advisors: Review Panels9 County, $15MM Workforce Innovation in Rural Economic Development-Wall Street West Boeing Technology Alliance

FLC and Northeastern Pennsylvania

ACTION- Full day Symposium, March 27, 2008

Continued Dialogue

Engage Federal Labs with Industry Specific Needs

Partnership OpportunitiesOctober 1- (Simulcast) Energy Technology Forum: Energy Programs and the Federal Labs

Technology Survey distributed to help shape future collaboration between the Federal Labs and the northeast PA community

Bio-Life Sciences Workshop with NEPA Industry and Commonwealth Medical College

Innocentive: a platform for international problem solving

Alternative and Renewable Energy Resources Forum

Gerald A. EphaultRegional Manager

P: 570-819-4002E: gephault@nep.benfranklin.org