- Economic Development
The Ben Franklin Technology Partners of Northeastern Pennsylvania (BFTP/NEP), an initiative of the Pennsylvania Department of Community and Economic Development and funded by the Ben Franklin Technology Development Authority, creates and retains highly paid, sustainable jobs by linking companies with experts, universities, funding, and other resources to help them prosper through innovation. BFTP/NEP’s strategy encompasses three key areas:
1. developing and growing early-stage technology-based companies,
2. helping established manufacturers creatively apply new technology and business practices to achieve industry leadership, and
3. promoting an innovative community-wide infrastructure that fosters a favorable business environment for high-growth companies.
The work of the Pennsylvania Ben Franklin Technology Partners network has generated $3.60 of additional state tax revenue for every $1.00 invested in the program. Headquartered in Ben Franklin TechVentures on Lehigh University's campus in Bethlehem, BFTP/NEP has a regional officein the Greater Reading Chamber of Commerce and Industry.