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Follow on Google News | Ben Franklin Creates/Retains 743 Jobs in 2010The impact results are a summation of the accomplishments of Ben Franklin work as reported by client companies.
By: Laura Eppler Impact results are a summation of the accomplishments of Ben Franklin work as reported by client companies. Clients credit the impact figures as having been a direct result of Ben Franklin funding and assistance. Results are reported by Ben Franklin to the Pennsylvania Department of Community and Economic Development, which funds the Ben Franklin program. "Creating high-paying, sustainable jobs in growing technology sectors is a proven way to build a region’s economy,” said R.Chadwick Paul, Jr., President and CEO of BFTP/NEP. “Now more than ever, our work will hasten our economic recovery and position northeastern Pennsylvania for future success.” The Ben Franklin Technology Partners of Northeastern Pennsylvania links Pennsylvania companies with universities, funding, and other resources to help them prosper in today's technology-based economy through innovation. BFTP/NEP’s strategy encompasses three key areas: developing early-stage, technology-oriented companies; helping established manufacturers creatively apply new technology and business practices; and promoting an innovative community-wide infrastructure that supports a favorable business environment for high-growth companies. The northeastern center, headquartered in Bethlehem, is part of a four-center, state-funded economic development initiative. In addition to the headquarters in Bethlehem, BFTP/NEP operates Ben Franklin TechVentures® In 2010, the Ben Franklin Technology Partners of Northeastern Pennsylvania reported the following results: Created 621 New Jobs Retained 122 Existing Jobs Started 12 New Companies Developed 69 New Products and Processes The Ben Franklin Technology Partners of Northeastern Pennsylvania was established in 1983, and has achieved the following cumulative results: Created 14,922 New Jobs Retained 21,358 Existing Jobs Started 420 New Companies Developed 1,017 New Products and Processes An independent study released by the Pennsylvania Economy League shows that Pennsylvania’ End
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