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Pennsylvania Department of Community and Economic Development

Pennsylvania Department of Community and Economic Development

Harrisburg, Pennsylvanianewpa.com

Overview

The Pennsylvania Department of Community and Economic Development (DCED) is a cabinet-level state agency in Pennsylvania. Its mission is to foster opportunities for businesses to grow and for communities to succeed. The agency works to attract outside corporations, spur expansion of existing local employers, and foster start-ups by providing tax incentives and technical assistance. Additionally, the agency provides grant funding to community groups and local governments for projects such as revitalizing "Main Street" infrastructure, enhancing low income housing availability, or improving access to technology.

Year Founded

1996

Portfolio Companies

3

Website

newpa.com

Investments

CompanyDateStageLead
First Ascent BiomedicalMar 2025GrantCo-investor
Adare Pharma SolutionsAug 2024DebtLead
AstroboticNov 2023GrantLead

Sector & Stage Mix

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SeedSeries ASeries BGrowth

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Investment Activity

Yearly cadence, pace, and funding raised over time.

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2021
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2026

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Firmographic Details

HeadquartersHarrisburg, Pennsylvania
Year Founded1996

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Disclaimer All investments involve risk, including the risk of loss of principal. You should carefully consider your investment objectives, risks, transaction costs and other expenses before deciding to invest in options, swaps or other investments.This does not constitute an offer by Caplight Technologies, Inc. to sell, or a solicitation of an offer to buy, any securities and may not be used or relied upon in connection with any offer or sale of securities. An offer or solicitation can be made only through the delivery of final offering document(s) and purchase agreement(s), and will be subject to the terms and conditions and risks delivered in such documents. Any securities offered are offered through Caplight Markets LLC, member FINRA/SIPC.