Efforts to support startups highlighted at annual award ceremony
Philadelphia, June 12, 2015 – Mayor Michael A. Nutter received a special recognition at the Ernst and Young Entrepreneur of the Year Awards Ceremony last night for the Nutter Administration’s support of startups and entrepreneurs in Philadelphia through programs such as Startup PHL. The annual event highlights the leading entrepreneurs in the Philadelphia region, and the regional winners go on to compete for national and international recognition. As part of the ceremony, Mayor Nutter was honored for helping to make Philadelphia a fantastic place for entrepreneurs, innovators and investors.
“My Administration has tried to do its part under the leadership of Deputy Mayor Alan Greenberger, but we are only playing a supporting role,” said Mayor Nutter. “The people responsible for Philadelphia’s success as a startup city are the founders, innovators and investors who are building great companies here and changing the narrative about our city. The job of city government is to help you where we can, get out of the way where we need to, and to celebrate the incredible work that so many are doing in this great city.”
Mayor Nutter highlighted a number of efforts undertaken by the Department of Commerce, Department of Revenue, the Office of Innovation and Technology, the Mayor’s Office of New Urban Mechanics, PIDC, and City Council to make Philadelphia an attractive city for startups and investors. For example:
- A $6 million Startup PHL angel and seed stage investment fund, a partnership between PIDC and First Round Capital.
- The Startup PHL Call for Ideaswhich has provided grants to fourteen organizations in Philadelphia that that are building the next generation of entrepreneurs and expanding opportunity to all communities in the city.
- Changes to the city’s business taxes to help new businesses start, stay and grow in our city by exempting the first two years of Business Income and Receipts tax for qualifying new businesses, providing Job Creation Tax Credits for growing companies in our city, and making specific changes that make Philadelphia a more attractive location for investment funds and technology companies.
Chris Bruner, Philadelphia Office Managing Partner, Ernst & Young LLP, said, “We are proud to recognize the Mayor for his unwavering support of local high-growth, entrepreneurial companies. He is dedicated to this community and the innovative and entrepreneurial spirit that is part of the fabric of Philadelphia.”
The award was presented to Mayor Nutter by Bob Moul, CEO of Artisan Mobile and Chairman of Philly Startup Leaders. “Mayor Nutter knows first-hand that cities can and should be the incubators of innovation and has made that a focus at City Hall,” said Moul. “He lets America know that if you’ve got an idea, if you’re an innovator, a founder, or a manufacturer then Philadelphia is the place to be.”
The ceremony also included a video featuring video tributes from Amy Gutmann, President of the University of Pennsylvania; Josh Kopelman, Partner at First Round Capital; and Sylvester Mobley, Founder of Coded by Kids.
“You can’t create an entrepreneurial ecosystem by proclamation, you have to do it by actions,” said Kopelman. “The Mayor’s leadership led to the creation of Startup PHL and to date we have funded eight companies that are now growing and building real businesses inside the city of Philadelphia.”
President Gutmann said, “What Michael Nutter has done is make Philadelphia the new innovation center by capitalizing on its historic strengths. Everybody who is talented and wants to bring creative things into the market should come and see what’s happening in Philadelphia.”
Mr. Mobley said, “The Mayor’s Office has been a partner for us by providing support and connecting us to programs like Startup PHL and making sure that we knew what resources were available.”
For more information on Startup PHL visit www.startupphl.com.