News

Pennsylvania To Invest $100M in Tech Startups

July 13, 2013 /

MATR Sponsor (view all)

PFL Tech Inc. is a marketing technology company that provides sales enablement and marketing automation solutions, as well asprinting, mailing, and fulfillment services. They also provide some great Montana Jobs.

According to the Philadelphia Business Journal, Pennsylvania Gov. Tom Corbett has signed off on the creation of a new program, InnovatePA, which will auction off $100 million in tax credits to generate state revenue that will be invested in the funding of tech and biotech startups.

The state auction will sell off deferred insurance-premium tax credits to insurance companies that pay Pennsylvania’s insurance-premium tax. The sale is expected to generate at least $75 million in funds, with credits not being sold below 70 percent of their face value.

Full Story: http://www.ssti.org/Digest/digest.php?page=2013/071013&utm_source=SSTI+Weekly+Digest&utm_campaign=3ff48610cf-SSTI_Weekly_Digest_July_10_20137_11_2013&utm_medium=email&utm_term=0_ecf5992d4c-3ff48610cf-212408849#story2