Philadelphia Business Journal: Ben Franklin Technology Partners uses additional funds to focus on ‘surviving and thriving’ firms during pandemic

Despite deploying additional funds to help businesses during the pandemic, the Philadelphia region’s most active seed fund still struggled to expand its total company portfolio, create jobs, and retain employees in 2020.

Read the full article on Philadelphia Business Journal.

Technically Philly: Employee ownership is a part of stakeholder capitalism. Here’s the case for it as a tool to lessen the racial wealth gap

We’re in the era of stakeholder capitalism.

Thinking has shifted about companies’ responsibilities to society. Now, it’s more generally believed, a company owes more to those affected by its work — customers, employees, suppliers, communities — than to its shareholders. Accordingly, employee ownership is emerging as part of the discussion on fulfilling those responsibilities.

Read the full article on Technically Philly.

Technically Philly: Philly slipped to #26 among tech talent hotspots. But it’s still showing promising growth

More than year after the pandemic changed how professionals worked, the City of Brotherly Love is showing new signs of life. At the same time, though Philadelphia has slipped in the year-over-year rankings of national real estate services firm CBRE’s annual report on tech talent, steady growth is still happening in the market.

Read the full article on Technically Philly. Philly: This Philly biz leader wants to help Black small businesses with a new accelerator

Bringing years of experience working with small firms, Philadelphia business leader Donavan West is building a new program to help the local small business community: The tentatively-named Black Business Accelerator (not to be confused with Amazon‘s Black Business Accelerator of the same name).

Read the full article on Philly. Philly: Investment firms are set to acquire Chesterbrook-based Boomi from Dell in a deal valued at $4B

Boomi is set to have new owners.

The Chesterbrook-based SaaS company, which was first acquired by Dell more than a decade ago, is now the center of an impending deal to be spun out of the computing giant to global investment firms Francisco Partners and TPG Capital.

Read the full article on Philly.

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