Governor Shapiro Highlights Major Investments in Innovation, Economic Development Secured in the 2026-27 Budget

Governor Josh Shapiro visited B+labs at the Cira Centre in Philadelphia's Schuylkill Yards to meet with business leaders, labor unions, and elected leaders and highlight historic investments in innovation he secured in the 2026-27 budget, including $125 million to create Innovate in PA 2.0 and invest in Pennsylvania's robust innovation economy.

The new Innovate in PA 2.0 program will provide capital for promising startups, create a statewide clinical trial network for the life sciences, and enhance the Commonwealth's innovation network to help these companies succeed in Pennsylvania.

"Pennsylvania has always been a place where big ideas become world-changing innovations, and with this budget, we're making sure the next generation of breakthroughs happen right here in the Commonwealth," said Governor Shapiro. "Innovate in PA 2.0 will help promising startups grow, strengthen our life sciences ecosystem, and connect more Pennsylvanians to good-paying jobs that will define the future. From biotech and robotics to advanced manufacturing and energy, we're making strategic investments that help Pennsylvania compete, win, and lead the nation in innovation."