LEGISLATORS DON’T WANT START UPS TO PASS BY PENNSYLVANIA

A package of bills designed to keep startup businesses in Pennsylvania has been introduced in the state House. The eight measures are sponsored by various Republican lawmakers who say they want to make the most of new, unusual businesses in the Commonwealth before entrepreneurs head to Silicon Valley, New York or other startup-friendly areas with their ideas.  One bill would establish “Commonwealth Startup Week.” Another would establish a task force on startup venture opportunities and a third would create a Venture Capital Ecosystem Development Program. That plan would provide grants and technical assistance to universities, local governments and non-profit organizations. It would also provide seed money to help startups hone efforts to get additional funding.