For every dollar invested in Ben Franklin Technology Partners, $3.50 goes right back into the commonwealth’s coffers.
Governor Tom Corbett said yesterday that’s the kind of investment that “fits perfectly” with the goals of his administration.
As a prelude to formally recognizing the organization for its contribution to the commonwealth, Governor Corbett visited the organization’s TechVentures incubator in Bethlehem.
The Governor made a special effort to tour the second floor of the building, which houses students from Lehigh University’s Baker Institute for Entrepreneurship, Creativity and Innovation.
“My administration has been happy to partner with Ben Franklin and TechVentures to create the innovative, high-tech and high-wage jobs that emerge from this program,” said Corbett. “We want to bring young people to Pennsylvania’s best schools and keep them here to live out their dreams.”
Companies present included EcoTech Marine which got its start through Ben Franklin Technology Partners.
In August, the company signed a lease for a 36,465-square-foot warehouse space at 999 Postal Road in Hanover Township.
The new site is dramatically larger than the 4,000-square-foot facility the company previously occupied on Bethlehem’s South Side.
Corbett said companies like EcoTech Marine are a great example of what can be done with entrepreneurship programs such as those offered by Lehigh.
“One of my highest priorities as governor is to ensure there is a job available for every Pennsylvanian that wants one. With this center its clients and its graduates setting the pace, I’m sure we can get there,” Corbett said.
He also praised companies like EcoTech Marine for staying in Pennsylvania. “We want to keep you here. It’s important to keep you here,” he said.
Corbett said yesterday that the commonwealth will continue to make investments in Ben Franklin Technology Partners because the return is so good.
In 2011 alone, the companies grossed more than $620 million in revenue. Since its creation in 1983 as Ben Franklin Business Incubator and later Ben Franklin TechVentures, the incubator has led to the creation of 55 successful companies that support more than 5,400 jobs.