Our favorite coworking space, The Candy Factory, and Ben Franklin Technology Partners has officially announced that they are teaming up to create a technology incubator in Lancaster City. The formal announcement can be seen in this Lancaster Online article: State-backed incubator for small, new tech businesses in Lancaster County to open March 29.
Last month, Brandon Harter and I attended a sneak preview headlined by Steve Fafel, Director of Business Development and Portfolio Manager for Ben Franklin Technology Partners (BFTP). He introduced BFTP’s role as a state-funded economic development group helping early-stage technology and technology-related companies in Pennsylvania. It does this by providing direct financial resources along with indirect resources like mentoring, facilitating connections, and professional support. Mr. Fafel emphasized that encouraging and helping these entrepreneurs is better for all residents of Lancaster County, as it helps combat issues such as an aging population leading to decreased tax revenue over time, and a population that, for the seventh year in a row, has seen more households leave Lancaster County than move in.
The Candy Factory already has a thriving community of businesses of all types. By partnering with BFTP, The Candy Factory’s existing businesses and this new class of technology-related participants can network and improve each other. We are excited to see yet another great resource for small business here in Lancaster, joining the existing team that includes SCORE Lancaster-Lebanon, ASSETS, and the Duke Street Business Center at the Lancaster Public Library.
Interested in learning more about this new technology incubator? Check out the grand opening on March 29, 2018, from 6:00 – 8:00 pm by registering here. We’ll see you there!