Lehigh Valley Technology Network

Since 1983, the Ben Franklin Technology Partners of Northeastern Pennsylvania has achieved the following results.

  • Created 17,415 new jobs
  • Retained 27,384existing jobs
  • Started 492 new companies
  • Developed 1,591 new products and processes

Since 2007

  • BFTP/NEP has assisted 2,768 companies
  • Client companies raised $1.4623 billion in follow-on funding from other investors

The Pennsylvania Economy League, a nonpartisan research organization, conducted an independent evaluation of the economic impact of Ben Franklin statewide from 2007 through 2011. The results determined that the Ben Franklin Technology Partners has generated more than $502 million in additional Pennsylvania tax revenues.

That represents a 3.6-to-1 payback on the Commonwealth’s investment. The Ben Franklin program boosted PA’s economy by $6.6 billion (increase in gross state product) and produced a total of 20,200 jobs in that five-year period.