TEDCO has grown from startup to innovation hub since its founding 25 years ago

Phil Singerman was applying for the job to be the first executive director for a state economic development startup whose aspiration exceeded its funding allocation. At the time, he was a presidential appointee with a $400 million annual budget at a prominent government agency, so there was a natural question of why he wanted to switch jobs. “I do startups,” Singerman explained expressing his passion for startup creation, which helped him to get the position.