The Ben Franklin Technology Partners of Northeastern Pennsylvania, a nonprofit based at Lehigh University’s Mountaintop campus in Bethlehem, said 4,052 eastern Pennsylvania jobs were created or retained as a result of its work in 2016.
The organization said it also started 10 new companies and developed 158 new products and services in 2016.
Ben Franklin connects clients with universities, funding and other resources to help them prosper through innovation.
Client companies raised an additional $38 million in follow-on funding from angel investors, venture capitalists and other investors in 2016, for a total of more than $1.4 billion in follow-on investment received since 2007, the organization said. These results were accomplished in its 21-county service area, including Berks, Carbon, Lehigh, Monroe, Northampton and Schuylkill counties.
It also reported that since its state-funded economic development initiative began in 1983, it accounted for a cumulative total of 44,799 job creations or retentions.
Results are reported by Ben Franklin to the Pennsylvania Department of Community & Economic Development, which funds the statewide Ben Franklin program.