Effort Foundry to be Honored at 2020 Ben Franklin iXchange Innovation Awards
The Ben Franklin Technology Partners of Northeastern Pennsylvania has announced the winners of its annual Northeastern Pennsylvania Innovation Awards. Winners will be honored at the Ben Franklin iXchange event, which will be held at 4:30 PM on Tuesday, May 12 at the Zoellner Arts Center at Lehigh University, Bethlehem. More than 450 business and community leaders attended iXchange last year. Registration for the iXchange is available at www.nep.benfranklin.org.
Awards will be presented to six recipients, companies or individuals who have achieved business success through Ben Franklin funding and assistance, have helped others to achieve success, or have improved their businesses through innovation. Each award recipient exemplifies outstanding achievement in that particular category.
The purposes of the innovation awards are to congratulate winners on their success and achievement, to highlight the effectiveness of the Ben Franklin program, and to inform entrepreneurs and established manufacturers about the resources that are available to them in northeastern Pennsylvania.
Effort Foundry will receive The 2020 Ben Franklin Technology Partners of Northeastern Pennsylvania Innovation Award for Manufacturing Achievement. As stated in a recent press release from Ben Franklin announcing the Innovation Award winners, “the Manufacturing Achievement Award is bestowed upon the company that best exemplifies achievement in the manufacturing arena, showing a proven track record of success and an unbending commitment to achieving and maintaining excellence in manufacturing. Effort Foundry is a supplier of high-integrity steel castings for the pump, power generation, and military industries. Investing nearly $357,000 in the company over more than two decades, Ben Franklin has played a long-term and key role in supporting Effort’s competitiveness in a very challenging industry. In collaboration with Lehigh University’s Enterprise Systems Center, the Strategic Early Warning Network, the Manufacturers Resource Center, and other economic development partners, Ben Franklin provided Effort with pivotal technical, manufacturing, and financial support. As a result, the company significantly increased its bottom line from 2018 to 2019. Increasing last year’s employment by 5% to 81, Effort Foundry has distinguished itself in its industry in customer retention and growth.”