DCED has secured Atex Petros Holdings, LLC, a full service financial consultant who will market and sell the tax credits to qualified purchasers, with a primary objective of maximizing the net revenue yield to the BFTDA for deployment to the BFTP
and VC Investment Program, as well as the LSGs.
In 2012, the BFTP
of Southeastern Pennsylvania assisted more than 350 companies, helping them commercialize new technologies and create and/or retain 490 high-skill jobs in robotics, life sciences, software and other high-growth industries.
The governor was joined for the announcement by members of the legislature, representatives of the BFTP
of Southeastern Pennsylvania, BioAdvance, Greater Philadelphia Alliance for Capital and Technologies(PACT), and the Philadelphia Industrial Development Corporation (PIDC).
boosted the Pennsylvania economy (Gross State Product) by $6.
Since it was established in 1983, BFTP
has become the gold standard in technology-based economic development, and has been modeled nationally and internationally.
As part of the BFTP
network, Innovation Works was recently awarded $10 million over the next five years to grow regional energy-related startups as part of the Commonwealth's Energy Independence Strategy
These goals directly parallel that of BFTP
, which has 28 years of demonstrated success combining these elements for economic growth.
DePasquale, a longtime supporter of BFTP
, added, "This funding has helped local, York-based companies get the kick-start they need to compete in Pennsylvania.
will sponsor seven research universities, allowing them to contribute their research to the iBridge Network and collaborate with the more than 60 schools currently using the iBridge Network site, http://www.
of SEP also served on the selection committee.
As recipients of a BFTP
ACE grant, these companies will also receive business and technical assistance services from Ben Franklin Technology Partners.
Before joining BFTP
, Rosenthal worked as senior vice president for strategic development and finance at the Philadelphia Industrial Development Corporation.