Aug. 9, 2012 9:30 am

Benjamin Franklin Technology Partners invests $1.375 million in Philly-area startups

Along with its recent funding of startups in other regions of Pennsylvania, Benjamin Franklin Technology Partners (BFTP) invested $1.375 million in seven companies based out of the Philadelphia suburbs, it announced Monday. The companies range from a Doylestown company that provides tools for drilling companies working in the Marcellus Shale to a Bucks County company […]

Along with its recent funding of startups in other regions of Pennsylvania, Benjamin Franklin Technology Partners (BFTP) invested $1.375 million in seven companies based out of the Philadelphia suburbs, it announced Monday.

The companies range from a Doylestown company that provides tools for drilling companies working in the Marcellus Shale to a Bucks County company that makes dehydrated vegetable chips.

The state-backed economic development program  has invested $4.7 million in 30 local startups in the 2012 fiscal year, Newsworks reported yesterday. Get more details on Newsworks and find the full list of startups on Flying Kite.

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Juliana Reyes

Juliana Reyes began as lead reporter at Technical.ly Philly in July 2012. Previously, she was a city services beat reporter for the Philadelphia Daily News, as part of a project called “It’s Our Money.” She is learning to drive, learning to bike (in the city) but is an expert at taking SEPTA. She grew up in North Jersey and Manila, Philippines but she left the tropics for Bryn Mawr College, where she majored in linguistics. She now lives in West Philly.

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Civic

Jan. 26, 2015 12:29 pm

If Philly becomes an investment hub, it’s because of these 2 tiny tax changes

Can a quiet 2008 change to the city tax code and its legislative update in 2012 get more venture capitalists (and the startups who follow them) to set up shop in Philadelphia? Years later, it may be too early to tell.

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