Two suburban Philadelphia legislators introduced a bill last week designed to generate at least $140 million for cash-strapped biotech firms and other high-tech companies in Pennsylvania.
The legislation, introduced in the House by state Reps. Warren Kampf, R-Chester/Montgomery, and Joe Hackett, R-Delaware, calls for the creation of the “Innovate Pennsylvania Program” that would create a pool of state money that would be used to invest in high-tech industries and spur job growth while promoting entrepreneurship.
The program would not rely on any additional general fund expenditures.
To read the original article: $140 million plus for Pa. tech innovation : Ben Franklin Technology Partners of Pennsylvania
