Pennsylvania Department of Community & Economic Development
“Governor Josh Shapiro is hyper-focused on growing the economy and making Pennsylvania a leader in business. Our location, higher ed, and quality of life are second-to-none. And we’re committed to getting even better. We’re at the start of new chapter of growth and competitiveness in Pennsylvania.”
— Rick Siger, Secretary, Pennsylvania Department of Community & Economic Development
TARGETED GROWTH SECTORS
Life Sciences: Pennsylvania’s $50 billion life sciences ecosystem is among the top states in academic R&D, NIH research funding, venture capital investments, and patenting.
Robotics and AI: Innovations in autonomous vehicles, space exploration, agriculture, and more are being developed here due to world-class institutions like Carnegie Mellon University.
Advanced Manufacturing: Our tech schools, community colleges, and business have created a workforce of problem-solvers and strategists, digital operators, engineers, and others who can blend management and STEM skills.
TOP PROJECTS
COMPANY | LOCATION | CAPITAL INVESTMENT |
EMD Electronics (Versum Materials) | Rush Township | $295.8 million |
Purolite LLC | New Garden Township | $189 million |
Chubb / Ace American Insurance Company | City of Philadelphia | $68.7 million |
Re:Build Manufacturing | New Kensington | $64.5 million |
Triumph Sheets, LLC | Chambersburg | $52.4 million |
FEATURED LOCATIONS
Lehigh Valley, located 90 minutes west of New York City and 60 minutes north of Philadelphia, is one of the fastest growing regions of Pennsylvania. Our population of 688,000 has grown by 6.2% over the last decade. And among the 18-to-34 age group, we’ve grown by more than 10% — the fastest growth rate for that segment of any region in Pennsylvania.
FAST FACTS
Population (July 2022 est.): 12,972,008¹
Largest Cities (2020): Philadelphia (1,601,005); Pittsburgh (302,777); Allentown (125,971); Reading (94,981); Erie (94,639)¹
Real GDP (2022): $711 billion²
¹U.S. Census Bureau
²Bureau of Economic Analysis, U.S. Dept. of Commerce
“SHOVEL-READY” INCENTIVE
PA SITES: Gov. Josh Shapiro has secured $10 million in grant funding to help more sites across the Commonwealth become “shovel ready” for businesses. Grants will be awarded to help make sites competitive for prospective businesses, including transportation access improvements, utility extensions, or grading of pad-ready sites.
TOP BUSINESS FACILITIES RANKINGS
Top 5 Food Processing | 2023 State Rankings |
Top 5 Healthcare Jobs | 2023 State Rankings |
Top 10 Life Sciences | 2023 State Rankings |
Top 10 Semiconductors | 2023 State Rankings |
Top 10 Cybersecurity | 2023 State Rankings |
#2 Tech Talent Leaders (Labor Pool Under 50K): Pittsburgh | 2023 Metro Rankings |
Top 10 Top Performing Container Ports: Port of Philadelphia | 2023 Metro Rankings |
LATEST NEWS
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Pennsylvania Launches New Economic Development Strategy; Focuses On Robotics, Tech
Pennsylvania’s new 10-year economic development strategy will focus on growing its agriculture, energy, life sciences, manufacturing, and robotics and technology sectors.
$3.1B Invested Along Norfolk Southern’s Rail Network Last Year
In 2023, Norfolk Southern helped 62 industrial development customers generate 4,156 new jobs along its rail network.