Ben Franklin TechVentures in Bethlehem gets more funds for facility expansion
Tom Paine
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The US Department of Commerce's Economic Development Administation (EDA) announced Tuesday that it has awarded $1.7 million to Ben Franklin Technology Partners of Northeastern Pennsylvania to expand its TechVentures incubator in Bethlelem.
The funds will help Ben Franklin add 14,500 square feet to its existing 47,000 square foot facility located on the Lehigh University campus. Its not clear, however, that the entire expansion, which will cost an estimated $7.5 million, has been funded yet.
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| Rendering of expanded Ben Franklin TechVentures Facility / BFTP NEP |
Ben Franklin officials say rentable space in the existing TechVentures facility is 97% occupied, according to the Morning Call.
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