1. Creating a Knowledge Worker Economy March 22, 2006 Gerald Ephault, Regional Manager Pocono Northeast

2. Overview Support entrepreneurs and established manufacturers Promote infrastructure initiatives State-funded Created in 1983 Four centers statewide

3. Services Links to research universities Links to venture capitalists and private investors Links to professional service providers Funding

4. Project Selection Criteria Job creation and retention The opportunity for PA companies to achieve industry-leading positions Building PA's high-tech identity

5. Developing Early-Stage Firms Ben Franklin’s Role Seed Capital Advanced Technology R & D Strategic Business Advice / Mentoring Incubator Space Linkage to Other Resources

6. Paperless Practice, Inc. Scranton BF Investment 2002-2005: $430,000 Founded to provide interactive marketing solutions to the optical market for eyeglass frame selection, color contact try-on, and targeted consumer advertising. With BF’s strategic and marketing help, Winkcast™ systems now provide customers with: An opportunity to gather information on products and services specific to their needs, simultaneous with An opportunity to collect real-time consumer and marketing information Winkcast™ also provides unique marketing and advertising tools to other industries: Retail Lodging Banking

7. Enhancing Established Manufacturers Process enhancement Product improvement Technology application Links to university research

8. Noble Biomaterials, Inc Scranton Manufactures specialized textiles with anti-microbial, thermodynamic, and therapeutic uses for consumer, medical, and military markets BF investment 1995-2000: $166,000 Formed from merger of BF client Noble Fiber with BF client Sauquoit Industries One of Inc. magazine’s top 500 fastest-growing private companies Credits BF with 44 jobs created and 24 jobs retained X-Static® product used by Johnson & Johnson, Adidas, and Puma, and by NASA, the US Army and Marine Corps, and by Olympians in their apparel.

9. BF Impact Since 1983, BF Northeast has: Started 337 new companies Developed 580 new products & processes Created 9,373 new jobs Retained 17,266 existing jobs

10. BF Impact Statewide Nexus Study 1989-2001 Boosted Pennsylvania’s economy by $8 billion Generated 93,105 job-years at a cost to the Commonwealth of $3,342 per job-year Created jobs that paid 28% higher salaries than the average statewide salary Every public dollar invested in BFTP yielded nearly $23 of additional state income PA garnered more than $400 million additional tax revenue, far exceeding program’s costs

11. BF Investments in Northeastern Pennsylvania 19 County Region: 1983-2005: $588,015,213 Investment of State Funds: $ 136, 676,903 Private Sector, Schools, Federal, Other Match: $ 451,338,310 8 County Pocono Northeast Region : $ 75,981,717 Investment of State Funds: $ 16,170,158 Private Sector, Schools, Federal, Other Match: $ 59,811,559 Pocono Region 2005 IMPACT Results: Client Revenue Generated: $161,595,070 Client Capitalization: $ 36,487,475 Commercial Lenders: $14,728,200 Private Equity: $ 3,127,000 Venture Capital: $13,650,000 Federal: $ 3,565,400 Company Partners: $ 1,416,875

12. Northeast Region Investments ADVANCED FIBERS & POWDERS AMERICAN AEROGEL AROMAWORKS CARBONDALE TECH TRANSFER CENTER CENTRE INGREDIENTS CHAPERONE TECHNOLOGIES DIGITAL AMPLIFIER ESU TECHNOLOGY TRANSFER CENTER GALAXY BRUSHES HAZLETON CAN-BE INCUBATOR IMBM – UNIVERSITY OF SCRANTON INNOVATION CENTER @WILKES- BARRE INTELLIGENT ENERGY KOVATCH KME LEMARK, INC. LOCKHEED MARTIN MEGAPHASE NEPA – KIZ PAPERLESS PRACTICE RCI WOOD PRODUCTS SCRANTON ENTERPRISE CENTER SKILL SURVEY SOLID CACTUS SUBSTITUTE PERSONNEL SOLUTIONS TMG HEALTH TOBYHANNA ARMY DEPOT TORRES & TOWERS WORK & PLAY NEPA

13. Wall Street West Workforce Innovation in Regional Economic Development (WIRED) Northeast PA as Back-up Center to NYC’s Financial Sector $15,000,000 over 3 yr. period – US Department of Labor $7,000,000 over 3 yr. period – PA $22,000,000 Investment Gap Analysis – Financial Sector e.g., Banking, Insurances, Industries Training & Solution Curriculum Development Dual Enrollment Credit Program Internship – KIZ’s & Regional Education Partnership

14. Jobs Through Technology