The Montco Made Investment Initiative — a partnership between the Montgomery County Industrial Development Authority and Ben Franklin Technology Partners — is expanding its impact with an additional $500,000 in funding, writes the Daily Local News.
Launched in 2018, the initiative backs emerging businesses in Montgomery County by pairing Ben Franklin’s expertise in identifying promising early-stage companies with MCIDA’s economic development resources. With this new commitment, the county’s total investment in Montco Made rises to $1.5 million.
The program has already supported local standouts like software firm WealthHub, pharmaceutical company SFA Therapeutics, and healthcare innovator Mitochon. The additional funding aims to deepen the region’s innovation pipeline and strengthen Montgomery County’s economy through high-tech and clean manufacturing job creation.
“Ben Franklin has long been a tremendous supporter of companies in Montgomery County,” said Jason Salus, MCIDA chairman. “We now have the resources to grow companies in Montgomery County and to create jobs in hi-tech and clean manufacturing.”
Scott Nissenbaum, president and CEO of Ben Franklin, praised the collaboration as a model for public-private impact: “By joining forces with Montgomery County, we help build on the consistent, dedicated efforts made by the county’s leaders to foster growth of its economy.”
Learn more about how Montgomery County is investing in emerging local businesses in the Daily Local News.
