Celebrating Economic Development Week 2023
Source Link
MAY 8, 2023
Throughout the course of American history, the meaning and purpose of the phrase ‘economic development’ has changed and evolved.
Raising Awareness about Entrepreneurship as an Economic Development Strategy
Ecosystem Builder Hub
APRIL 2, 2021
“Communities seeking to grow their economy need to understand the impact entrepreneurship and small business play in economic growth.” — Grow Your Own: Entrepreneurship-based Economic Development for Local Communities, Dell Gines, Federal Reserve Bank of Kansas City. She shared an experience she had with this in Buffalo. “We
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Call for Input: Local Policies to Support Economic Development via Entrepreneurship
Ian Hathaway
APRIL 14, 2020
economic development agencies, foundations, chambers of commerce, non-profits). identify and enable entrepreneur-driven solutions; promote and expand entrepreneur-to-entrepreneur mentoring or investment relationships). I am particularly interested in policies or programs that: Enhance bottom-up, community-driven solutions (e.g.,
[OurCrowd in Crowdfund Insider] OurCrowd partners with Singapore Economic Development Board
OurCrowd
JUNE 20, 2022
OurCrowd, a leading global securities crowdfunding platform, has partnered with the Singapore Economic Development Board (EDB) in the Global Innovation Alliance (GIA) program, according to a statement issued by OurCrowd. Read more here.
Google’s Africa Investment Fund makes first investment in Uganda’s SafeBoda
TechCrunch
DECEMBER 16, 2021
Internet giant Google announced today that it has made the first investment from its Africa Investment Fund in Ugandan super app SafeBoda. Google sets up $50M fund to invest in African startups. We are focusing on investments where we believe that Google could add value,” the managing director said in October.
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Innovation is key to economic development
Innovation 2 Enterprise
APRIL 2, 2019
Stitt is expressing the 2019 version of the legislative vision that created OCAST in 1987, authorized the seed capital fund (TBFP Fund) in 1988 and has continued to invest in the Oklahoma Model of innovation. OCAST is Oklahoma’s only agency with the sole focus of technology-based economic development.
Greenville Startup, Advanced Power & Energy, Receives Game-Changing $500,000 Investment to Pave the Way for Safer EV Charging Stations
Ben Franklin Technology Partners
OCTOBER 23, 2023
A groundbreaking advancement in electric vehicle (EV) charging technology is set to transform the industry as Greenville-based startup, Advanced Power & Energy, secures a significant investment of $500,000 from the Mercer County Innovation Fund, in collaboration with Ben Franklin Technology Partners of Central & Northern Pennsylvania.
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NJEDA Program Helps to Draw Investment Interest into Innovative NJ Startups
American Entrepreneurship
FEBRUARY 6, 2024
NJ Entrepreneur Support Program provides guarantees to support investments into Garden State companies TRENTON, N.J. Qualified investors under the program must be independent from the company, and the proposed investment must not mature for at least one year, cannot require payment for at least a year, and must be unsecured.
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Ben Franklin Investments Pay Huge Dividends for Pa.
Ben Franklin Technology Partners
APRIL 26, 2022
Ben Franklin’s investments paid huge dividends for the commonwealth as the state continued to rebound from the pandemic, according to the statewide initiative’s “2021 Annual Statewide Impact Report,” with clients generating more than $2 billion in revenue and securing $917 million in post-Ben Franklin financing. in additional state taxes.
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Broadband critical for economic development
Innovation 2 Enterprise
MARCH 13, 2019
The availability of broadband depends on whether a subscriber is in a populated or rural area, on carrier’s pricing and on how carriers prioritize their investment in expanding broadband infrastructure. If we want more high-speed broadband, we need more capital investment from the broadband carriers.
NJEDA Approves First NJ Innovation Evergreen Fund Investment to Newark-based 1Huddle
American Entrepreneurship
OCTOBER 14, 2023
First Complete Cycle of Investment Under Novel State Program Benefits Newark Provider of HR Gaming Platform TRENTON, N.J. October 12, 2023) – The New Jersey Economic Development Authority (NJEDA) Board today approved the first investment in an emerging New Jersey company from the New Jersey Innovation Evergreen Fund (NJIEF).
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COMPANIES RECEIVE INVESTMENT FROM BEN FRANKLIN TECHNOLOGY PARTNERS
Ben Franklin Technology Partners
MARCH 16, 2022
The largest early-stage investor in the region, Ben Franklin provides investment capital, business support services, BIG IDEA Contests, and Tech Startup Boot Camps to emerging tech-entrepreneurs and small manufacturers located in central and northern Pennsylvania. WE INVEST IN INNOVATION. www.returnlogic.com. www.cnp.benfranklin.org.
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Why international DFIs are looking to African startups to scale impact investing efforts
TechCrunch
JANUARY 20, 2023
British International Investment (BII), a DFI from the UK, told TechCrunch recently that it will deploy $500 million into startups by the end of 2026, and half of that amount has been earmarked for African tech companies. The organization has invested in eight African startups since 2020.
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STARTUPS RECEIVE INVESTMENT FROM BEN FRANKLIN TECHNOLOGY PARTNERS
Ben Franklin Technology Partners
JANUARY 4, 2022
The largest early-stage investor in the region, Ben Franklin provides investment capital, business support services, BIG IDEA Contests, and Startup Boot Camps to emerging tech-entrepreneurs and small manufacturers located in central and northern Pennsylvania. WE INVEST IN INNOVATION. . For more information: www.reflexion.co.
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NJEDA Awards First $2M under Angel Match Program to Support Early-Stage Technology Companies
American Entrepreneurship
APRIL 25, 2024
$20M program matches investors’ direct investment in product-based companies TRENTON, N.J. April 24, 2024) – The New Jersey Economic Development Authority (NJEDA) has closed its first four approvals under the Angel Match Program , awarding a total of $2 million to support early-stage technology companies.
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NJEDA Angel Tax Credit Approvals Drive over $63 Million in Private Sector Investment into New Jersey Companies in 2023
American Entrepreneurship
OCTOBER 2, 2023
207 Applications Approved for over $8 Million in Tax Credits to Support Investment in 28 Companies TRENTON, N.J. October 2, 2023) – The New Jersey Economic Development Authority (NJEDA) announced today that 28 emerging New Jersey technology businesses benefitted from $63.2
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NJ Small and Early-Stage Businesses Bolstered by NJEDA’s approving of Investment Fund Managers
American Entrepreneurship
JUNE 20, 2023
The Federally established State Small Business Credit Initiative support investments into New Jersey companies Through the use of three unique investment strategies funded through the federal State Small Business Credit Initiative (SSBCI), the New Jersey Economic Development Agency (NJEDA) is supporting New Jersey small and early-stage businesses.
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Making Northcentral PA the Global Center for Advanced Pressed Materials
Ben Franklin Technology Partners
NOVEMBER 20, 2023
Economic Development Administration that represents a forward-looking commitment to supercharging innovation across the nation, spurring cutting-edge technological investments, and creating 21st-century job opportunities. This achievement is part of a nationwide initiative by the U.S.
Battery investment moves onshore to kick-start US EV production
TechCrunch
AUGUST 14, 2022
Car companies and suppliers such as LG Energy, SK Innovation, Panasonic and Samsung are investing more than $38 billion through 2026 to boost battery production in the U.S., according to AlixPartners.
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Investing In Distressed Communities. Opportunity Zones
Smart Hustle Magazine
JUNE 30, 2020
Partnerships help bring long-term sustainability including economic development, entrepreneurship, safe neighborhoods, expanded workforce, and education. So the spirit of this initiative is economic development as well as community development & social impact. The post Investing In Distressed Communities.
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SBA Announces Community Navigator Model and Funding Opportunity
Source Link
MARCH 29, 2021
To develop sustainable hub-and-spoke models of entrepreneurship-led economic development, lead agencies need to go further than identifying trusted ambassadors in their communities. The course is available to economic developers in the field who frequently find themselves perfectly positioned to spearhead efforts like this.
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Google’s third bet from its Africa Investment Fund is in logistics company Lori Systems
TechCrunch
AUGUST 16, 2022
This undisclosed investment is Google’s third from the $50 million Africa Investment Fund targeted at the continent’s early- and growth-stage startups, which the company CEO Sundar Pichai announced last October. The fund is part of Google’s plan to invest $1 billion in “tech-led initiatives” over the next five years.
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Latest Update on the SBA Community Navigator Funding Opportunity
Source Link
JUNE 8, 2021
This federal shift in investment and policy represents a tremendous opportunity for economic developers, community champions and grassroots ecosystem organizers who want to transform their local economies as their community recovers from the devastating economic impact of COVID-19. Interested in getting more information?
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Ben Franklin Invests in Tech Startups Adversely Affected by COVID-19.
Ben Franklin Technology Partners
JUNE 17, 2020
Nine tech-companies in central and northern PA, that were adversely affected by COVID-19, received an investment from Ben Franklin Technology Partners/CNP that will allow them to stabilize their operations and further develop and commercialize new products, processes, or software applications. We Invest in Innovation.
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These blogs deserve an encore
Source Link
JANUARY 29, 2022
In our commitment to entrepreneurship-led economic development, we’ve made it our practice to regularly share insights and lessons learned while celebrating success stories along the way. Women entrepreneurs find success despite lack of access to investment capital. 3 Ways to Empower Your Entrepreneurial Community.
Today’s Tech Hubs: Labor and Housing Dynamics in the Post-Pandemic Era
Revolution
DECEMBER 20, 2023
While VC dollars still overwhelmingly funnel into places like Silicon Valley, Brookings research shows tech jobs are finally spreading out — movement spurred by the availability of hybrid and remote work, private investment, and federal initiatives.
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NJEDA Establishes New Jersey Green Bank to Advance Climate Goals
American Entrepreneurship
APRIL 16, 2024
(April 15, 2024) – Last week, the New Jersey Economic Development Authority (NJEDA) Board approved the creation of the New Jersey Green Bank (NJGB), which will make investments in the clean energy sector that will help advance the state’s efforts to make an equitable transition to 100 percent clean energy.
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Rallying for rural entrepreneurship: addressing the challenges that face rural small businesses
Source Link
DECEMBER 1, 2021
During my tenure with the local University I worked with economic developers all across Iowa, from Sioux City to Davenport and a great many small but mighty communities in-between: Grinnell, Parkersburg, Webster City and Lamoni to name a few. Starting and growing a business can prove to be a daunting endeavor within any market.
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NJEDA to Hold Monthly Office Hours Highlighting Innovation Programs
American Entrepreneurship
FEBRUARY 20, 2024
February 15, 2024) – To respond to challenges faced by New Jersey technology and biotechnology companies in raising capital, the New Jersey Economic Development Authority (NJEDA) is launching monthly Innovation Programs Office Hours to highlight programs offered by the Authority to stimulate the innovation economy.
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ACA On the Road
Angel Capital Association
MARCH 11, 2024
On February 28 , in Florence, CO, Elaine Bolle , Kevin Kudra , and Katelynne Staehnke were in attendance at the Fremont County Angel Investing Workshop, sponsored the Colorado Office of Economic Development and International Trade ( CO OEDIT ). At this event, Elaine Bolle delivered the Fundamentals of Angel Investing course.
The Achilles Heel of Startup Ecosystems
This is going to be BIG.
MARCH 18, 2019
Across the world, various economic development organizations, government agencies, and non-profits are putting in admirable and well-intentioned efforts to develop startup ecosystems. Not only that, but for many in the real estate world, their economic upside is already tied to innovation.
31 Tech Hubs designated by EDA in Biden-Harris Administration
American Entrepreneurship
OCTOBER 25, 2023
Department of Commerce’s Economic Development Administration (EDA) announced a major implementation of that legislation with the designation of 31 Tech Hubs in regions across the country—that will receive direct investments to make them into globally competitive innovation centers.
NJEDA to Extend Submission Deadline for the New Jersey Green Fund RFEI
American Entrepreneurship
JANUARY 30, 2024
The New Jersey Economic Development Authority (NJEDA) is extending the deadline of its Request for Expressions of Interest (RFEI) for the planned New Jersey Green Fund (NJGF) indefinitely, until a formal application is launched.
Finding Founder-Market-Geography Fit
Revolution
NOVEMBER 28, 2023
In 2017, we partnered with iconic leaders in American business to turn the thesis we developed on the road — that great companies can start and scale anywhere when given a chance — into an investment vehicle. In the last decade, we’ve socialized several Rise of the Rest-isms to describe investments that check those boxes.
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Empire AI
A VC: Musings of a VC in NYC
JANUARY 9, 2024
It is very encouraging to see our local government supporting and investing in this new area of economic development. We see this every day as entrepreneurs building AI companies come knocking on our door. This is important.
Creating Jobs and Helping Grow the PA Economy: Ben Franklin Technology Partners Invests in 17 Tech Startups!
Ben Franklin Technology Partners
JULY 24, 2020
STATE COLLEGE, PA – Seventeen companies located in central and northern PA recently received an investment from Ben Franklin Technology Partners that will allow them to further develop and commercialize new products, processes, or software applications. We Invest in Innovation. www.arbitratorintelligence.com. www.xactmetal.com.
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Ben Franklin Technology Partners Invests in Eight Startup Companies
Ben Franklin Technology Partners
APRIL 3, 2023
Eight startup companies recently received an investment from Ben Franklin Technology Partners of Central and Northern PA, allowing them to further develop a new product, process, or software application.
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Investing in New Tech Hubs
EntreWorks Consulting
DECEMBER 11, 2019
If you’re in Seattle, Boston, or the Bay Area, you’re reaping the benefits of major technology investments. In many ways, this proposal echoes similar efforts such as the Economic Development Administration’s I6 program or the WIRED program of the 1990s. (As Investing in New Tech Hubs. EntreWorks Blog.
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New Startup Accelerator for Battery Innovation Accepting Applications
American Entrepreneurship
JANUARY 23, 2024
The cluster was federally designated as a battery innovation Tech Hub by the Economic Development Administration (EDA) in support of New York State’s commitment to pioneer critical energy storage technologies. The Binghamton region is internationally recognized for its expertise in energy storage. The program will begin April 14, 2024.
BEN FRANKLIN TECHNOLOGY PARTNERS & THE ERIE COMMUNITY FOUNDATION (ECF) CREATE $300,000 LOCAL FUNDING OPPORTUNITY.
Ben Franklin Technology Partners
MAY 5, 2022
The $300,000 fund combines capital from both organizations and will invest in and promote business growth and economic development, exclusively in Erie County. Ben Franklin Technology Partners, an award-winning technology based economic development program, is among the most widely known and emulated initiatives in the nation.
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Ben Franklin Invests in Local Tech Companies Developing Solutions Related to Impact of COVID-19
Ben Franklin Technology Partners
JUNE 18, 2020
Nine tech-companies in central and northern PA, that are developing solutions related to the impact of COVID-19 on the state and its economy, received an investment from Ben Franklin Technology Partners/CNP. We Invest in Innovation. www.xactmetal.com. www.cnp.benfranklin.org. www.cnp.benfranklin.org.
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Early-stage biopharma company Uvax Bio chooses Delaware for $8M investment in next level of growth
American Entrepreneurship
MAY 31, 2023
Uvax Bio Contact: Kevin O’Neill 267-441-3254 kevin.oneill@uvaxbio.com DPP Contact: Susan Coulby 302-983-5710 (cell) scoulby@choosedelaware.com The post Early-stage biopharma company Uvax Bio chooses Delaware for $8M investment in next level of growth appeared first on American Entrepreneurship.
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Where does Pa. rank for tech-based investments?
Ben Franklin Technology Partners
FEBRUARY 27, 2019
That’s why Ben Franklin Technology Partners, created more than 35 years ago with broad bipartisan support, has become one of the most widely known and emulated state technology-based economic development programs in the nation. was the second to lowest among 13 comparable states for technology-led economic development programs in 2019.
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Two Local Erie Startups win Ben Franklin’s TechCelerator Business Bootcamp
Ben Franklin Technology Partners
MARCH 21, 2024
LEARN MORE ABOUT THE TECHCELERATOR About Ben Franklin Technology Partners: Ben Franklin Technology Partners is an initiative of the PA Department of Community & Economic Development, funded by the Ben Franklin Technology Development Authority.
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