Secretary Davin Continues ‘Jobs That Pay’ Tour at MECCO, Discusses Gov. Wolf’s Commitment to Technology Sector in Pennsylvania
Harrisburg, PA – Today, Department of Community and Economic Development (DCED) Secretary Dennis Davin continued the ‘Jobs that Pay’ tour at MECCO, an industrial product marking company, to highlight Governor Tom Wolf’s commitment to promoting entrepreneurship in the technology sector, advancing innovation, and creating a technology-ready workforce in Pennsylvania.
“Thriving companies like MECCO show us why Pennsylvania is such a great place for tech companies to grow,” Secretary Davin said. “Governor Wolf is committed to the tech sector in Pennsylvania, and the collaboration that happened here between Innovation Works and MECCO is a great example of the kind of public-private partnership that Governor Wolf will continue to focus on.”
Secretary Davin highlighted Governor Wolf’s initiatives to help the technology sector flourish in Pennsylvania. Such initiatives include Innovation Works, one of the four Ben Franklin Technology Partners (BFTPs) funded by the Ben Franklin Technology Development Authority (BFTDA). Innovation Works invests capital, business expertise, and other resources into high-potential companies with the greatest likelihood for regional economic impact for the purpose of creating and retaining tech jobs in Pennsylvania.
Innovation Works provided crucial funding and technical assistance that enabled MECCO to reverse a pattern of financial struggle, job loss, and manufacturing inefficiency it experienced in 2008. Innovation Works continues to work with MECCO in a number of ways, including helping with various product showcases to open doors for startup companies to discover MECCO’s products.
“The key to MECCO’s growth has been our ability to provide innovative solutions to our customers,” said Dave Sweet, president of MECCO. “Through the technology grants provided by the Ben Franklin Technology Partners, MECCO has been able to invest in new product development that has enables us to provide innovative solutions to our customers. This technology development has been a strong catalyst for MECCO’s rapid growth and continues to position our Pennsylvania-based company as a world leader in traceability solutions. The support that MECCO has received from BFTP has been vital to our success.”
In 2016, all four 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.
“Innovation Works strives to help small advanced manufacturers grow their business in an increasingly competitive environment,” said Rich Lunak, president and CEO of Innovation Works. “MECCO is a perfect example of a company that has improved their competitiveness by redesigning and launching a new product with our help. Thanks in part to this collaboration, MECCO has more than tripled their workforce in Butler County.”
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.
Michael Gerber, DCED, 717.783.1132