Pennsylvania Department of Community and Economic Development
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.
Investments
| Company | Date | Stage | Lead |
|---|---|---|---|
| First Ascent Biomedical | Feb 2025 | Grant | Co-investor |
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Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
FAQ
Where is Pennsylvania Department of Community and Economic Development based?
Pennsylvania Department of Community and Economic Development is headquartered in Harrisburg, Pennsylvania, United States.
When was Pennsylvania Department of Community and Economic Development founded?
Pennsylvania Department of Community and Economic Development was founded in 1996.
How many portfolio companies does Pennsylvania Department of Community and Economic Development have?
Pennsylvania Department of Community and Economic Development has 3 portfolio companies in Caplight's dataset.
What are some companies in Pennsylvania Department of Community and Economic Development's portfolio?
Portfolio companies visible on Caplight include First Ascent Biomedical.
What was Pennsylvania Department of Community and Economic Development's most recent investment shown here?
Pennsylvania Department of Community and Economic Development's most recent investment in this portfolio sample was in First Ascent Biomedical in 2025.
What sectors does Pennsylvania Department of Community and Economic Development focus on?
Pennsylvania Department of Community and Economic Development focuses on Healthcare & Life Sciences, Healthcare & Life Sciences, Frontier & Industrial Tech, Mobility, Transportation & Logistics, AI, Data & Cloud Infrastructure.
What company stages does Pennsylvania Department of Community and Economic Development focus on?
Stage focus information for Pennsylvania Department of Community and Economic Development is not publicly available.