Philanthropic support is expanding services at Berks LaunchBox powered by Penn State, which delivers a range of entrepreneurship and economic development resources for the Reading community.
The gifts, valued at $1.2 million, received 1:1 matches from the LaunchBox Matching Program or the Economic Development Incentive Matching Program, doubling the total value of the endowments to $2.4 million and enhancing the anticipated impact of the programs.
“These gifts represent an exciting step forward for the Berks LaunchBox because they establish a solid financial foundation for the LaunchBox’s activities,” said George Grant, chancellor of Penn State Berks.
“When Reading leaders channel support to the tools and services that incentivize innovation and collaboration, the impact is far-reaching, and the entire community benefits. Forming partnerships and disseminating knowledge is…
