Philadelphia, PA – Today, Governor Wolf toured Pennovation Center at Pennovation Works in Philadelphia and hosted a roundtable discussion with entrepreneurs and local leaders focused on budget initiatives that will support a new way for Pennsylvania’s economy through job creation and increased university partnerships and workforce training.
“Over the last two years I have worked to increase the number of residents with college degrees and high-value industry-recognized credentials while expanding economic opportunities for residents and businesses,” said Governor Wolf. “This budget is a new way forward for Pennsylvania and today, I am happy to highlight how government is working smarter to support our research institutions and entrepreneurs.”
The Pennovation Center is a business incubator and laboratory that aligns and integrates researchers, innovators, and entrepreneurs for the commercialization of research discoveries.
The Pennovation Center is housed at Pennovation Works, a unique blend of offices, labs, and production space being developed by the University of Pennsylvania to bridge the intellectual and entrepreneurial initiatives for advancing knowledge and generating economic development.
“We are honored to host Governor Wolf and his team at the Pennovation Center to see how the innovation economy is growing in Philadelphia,” said Jeff Cooper, Vice President, Office of Government & Community Affairs, University of Pennsylvania. “We look forward to working with the state to further Pennsylvania’s economic growth through commercialization and entrepreneurship programs and activities.”
Governor Wolf’s budget continues to invest in 21st century manufacturing, workforce development and training programs while also implementing new safeguards to ensure taxpayer dollars for economic development projects are spent appropriately and intended outcomes are met.
The governor’s budget includes an initiative that partners the commonwealth’s research universities and Industrial Resource Centers to accelerate manufacturing technology advancement and adoption, foster manufacturing innovation and commercialization, and build a 21st century workforce.
Along with connecting the commonwealth’s research institutions to the business community, Governor Wolf plans on investing in job creation by:
- Creating a new apprenticeship grant program to ensure workers can receive training aligned to business workforce needs, funded with revenue recovered from companies that fail to live up to previous commitments made when they received state assistance.
- Investing $5 million in a manufacturing training-to-career grant program to partner with technical programs and community colleges to develop new training programs that align with their workforce needs.
- Cutting through red tape by establishing a one-stop shop at the Department of Community and Economic Development for the business community to interact with for centralized licensing processes and information on services the commonwealth provides to help them grow.