Deputy Secretary Collins Continues ‘Jobs That Pay’ Tour at Maztech, Discusses Gov. Wolf’s Efforts to Grow the Technology Sector in Pennsylvania
Harrisburg, PA – Today, Department of Community and Economic Development (DCED) Deputy Secretary Sheri Collins continued the ‘Jobs that Pay’ tour at Maztech, a manufacturer of advanced bioprocessing equipment, highlighting Governor Tom Wolf’s commitment to promoting entrepreneurship in the technology sector, advancing innovation, and creating a technology-ready workforce in Pennsylvania.
“Across Pennsylvania, we’re seeing tech companies emerge as vital drivers of local and regional economies,” Deputy Secretary Collins said. “That’s why the Wolf Administration puts so much emphasis on ensuring that these companies have the support they need to grow and thrive. Investing in partners like the Ben Franklin Technology Development Authority plays a key role in the success of Maztech and so many other Pennsylvania tech companies. The ‘Jobs That Pay’ tour gives us the perfect opportunity to tell their success stories.”
Deputy Secretary Collins highlighted Governor Wolf’s initiatives to help the technology sector flourish in Pennsylvania. Such initiatives include the Ben Franklin Technology Partners of Central and Northern PA, which provides seed capital, technical assistance, and business support services to emerging tech-based companies and small, existing manufacturers for the purpose of creating and retaining jobs in Pennsylvania.
The Ben Franklin Technology Partners of Central and Northern PA – a component of DCED funded by the Ben Franklin Technology Development Authority (BFTDA) – is the largest early-stage seed investor in the region, and gives companies like Maztech the ability to leverage the partners’ unique strategic and financial resources.
It is one of four regional Ben Franklin Technology Partners (BFTP) in the commonwealth. In 2016, the BFTPs reported the combined creation of 1,383 jobs and the retention of 7,919 jobs. A total of $474,890,377 in post-BFTP financing was secured by client companies while sales generated by BFTP client companies exceeded $903 million.
Recognized internationally as a model for technology-based economic development, the BFTDA ensures that the variety of technology-based economic development organizations and initiatives across the commonwealth work collaboratively to fully leverage the wealth of research, capital sources and support services available to build a comprehensive infrastructure that supports company growth.
David Smith, 717-783-1132