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Friday
Jun162017

Ben Franklin Technology Partners Needs Your Help

Ben Franklin may have said “a penny saved is a penny earned,” but if the choice is between giving money to Ben Franklin Technology Development Authority or taking away 50% of their funding as the current PA budget proposes, then his quote should be restated as “a penny saved is a penny not invested and not simultaneously driving returns, creating jobs, and fostering an innovation culture in Pennsylvania.”

Ben Franklin has been one of the longest running and most successful state-sponsored seed investors in the nation and has been an example for many other states.  At Osage Venture Partners, we work closely with Ben Franklin Southeastern PA, where I am on the Board of Directors and where Sean Dowling is on the Technology Advisory Committee.  We also see the impact the other three Ben Franklin regional efforts have in their geographies across Pennsylvania.  The basic fact is that almost every successful technology company that has emerged from this region of PA has had the support of Ben Franklin early in their funding cycle.

WHAT CAN YOU DO?  Read the note below, click on the link, and seamlessly tell your state legislators how important Ben Franklin is to the region, to the state, to innovation, and to our future.  Let’s not harm things that are working and let’s focus on fixing things that are broken.  PLEASE ACT NOW.

As Ben Franklin once said:  “Without continual growth or progress, such words as improvement, achievement, and success have no meaning.”

 

Dear Ben Franklin community,


As an advocate of Ben Franklin’s work in stimulating the growth of the innovation economy of Greater Philadelphia, we’re calling for your support.

The latest proposed House of Representatives version of the Pennsylvania state budget contains a 50% reduction in funding to the Ben Franklin Technology Partners for fiscal year 2018. This follows a 50% budget cut the Partnership sustained in 2008, that has never been restored. The proposed allocation would mean that each of the four Ben Franklin Technology Partners would receive $1.8M in funding for company investments and support of our innovation economy.

We are calling for your help to ensure that Governor Wolf’s proposed allocation to the Ben Franklin Technology Partners is restored to $14.5M. Your legislative members need to hear from you—their constituents—about the value of Ben Franklin to you, to Southeastern Pennsylvania’s emerging technology sector and to the ability of Pennsylvania to compete in attracting talent in a changing economy.

We’ve provided an 
automated tool for sending emails to your PA legislators. Just plug in your contact information and click send to forward the pre-drafted message to your legislators, or edit with your own thoughts and words. 

Let Harrisburg know that full funding for the Ben Franklin Technology Development Authority through the Department of Community and Economic Development is the smart choice for Pennsylvania’s future. Please contact your legislators to urge them to restore the BFTDA line item for DCED to $14.5 million.

It is the support of leaders like you that have made Ben Franklin one of the most consistently successful engines for economic growth in Pennsylvania’s history. Yet without enough fuel, no engine can achieve its progress.

Your Partners with a Purpose,

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Reader Comments (2)

Thanks for the great post

June 21, 2017 | Unregistered Commentergmail sign up email

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June 24, 2017 | Unregistered CommenterSSC Online

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