#31 Pennsylvania

3.93 out of 10 in Taxation and Regulation

6.62 out of 10 in Workforce Quality

6.46 out of 10 in Living Environment

Energized by Energy

The U.S. Energy Information Administration reports that the state is now the second-largest natural gas producer after Texas. In the summer of 2016, Royal Dutch Shell announced a $4 billion investment in an ethane cracker facility outside of Pittsburgh, the first plant of its kind in the Northeast. It isn’t only energy. A recent report by the Biotechnology Innovation Organization found that the while the number of pharmaceutical companies in the state has fallen, the number of research and testing laboratories is increasing.

From the Governor

“When companies choose to relocate to Pennsylvania from another state, it shows that we have the business climate that companies large and small look for when they plan to thrive.” —Gov. Tom Wolf

Key Industries

Aviation & Defense, Biotech, Food & Beverage, Natural Gas

Key Companies

Dick’s Sporting Goods
Westinghouse Electric

Key Contacts

Dept. of Community and Economic Development

Dennis Davin, Secretary
[email protected]
Commonwealth Keystone Building
400 North Street, 4th Floor
Harrisburg, PA 17120-0225

Key Incentives

Pennsylvania First: Comprehensive funding tool used to facilitate increased investment and job growth. Can be used for things such as machinery, workforce training, infrastructure and land improvements.

WEDnetPA: Offers funds to be used for a wide range of worker training for new and existing employees.

Jobs Creation Tax Credits: Offers $1,000 per job tax credit to approved businesses that agree to create at least 25 jobs in three years or expand their existing workforce by at least 20%.

Keystone Innovation Zone Tax Credit: Offers tax credits to for-profit companies less than eight years old that operate in the boundaries of the Keystone Innovation Zone.


Pennsylvania Department of Economic & Community Development: dced.pa.gov

Pennsylvania Economic Development Association: peda.org

Pittsburgh Regional Alliance: pittsburghregion.org

PIDC Philadelphia: pidcphila.com

Highlighted Program or Initiative

The new Manufacturing PA initiative is a $12 million, statewide partnership of resource centers, research universities and Pennsylvania manufacturers aiming to accelerate the growth of advanced manufacturing in the state.

Big Deals

  • FedEx announced in May 2016 it will create more than 280 jobs and invest $227 million to establish a distribution center in Allen Township.
  • Shell Chemical announced in July 2016 it will create 6,000 temporary construction jobs and 600 permanent jobs at a $1 billion petrochemical complex to be constructed in Beaver County.
  • Cerner announced in August 2016 it would create 250 new jobs and invest $75 million to upgrade its newly acquired campus in Malvern.
  • BAE Systems Land & Armaments announced in May 2017 it will invest $44 million and create 530 new jobs to expand operations at its facility in West Manchester Township.
  • Tyson Warehousing Services announced in July 2017 it will create 114 jobs and invest $60 million to expand it cold storage warehouse and distribution center in Cass Township.

Big Companies

21 Fortune 500 companies headquartered in state, including:
Rite Aid
Kraft Heinz
PNC Financial Services Group
Dick’s Sporting Goods
Toll Brothers
United States Steel

C-Suite Testimonials

“We’re proud to have called the commonwealth home for nearly three decades, and we are excited to continue to expand in Pennsylvania as we grow our workforce and presence in the U.S.” —Jennifer Morgan, President, SAP North America

“We are proud to continue to call Pennsylvania home as we grow Aramark successfully into the future. On behalf of more than 14,000 Aramark Service Stars working here, I would like to thank Governor Wolf and the Commonwealth of Pennsylvania for being committed partners as we conducted the search for our new global headquarters.” —Eric Foss, President and CEO, Aramark

- Advertisement -
- Advertisement -


New Poll: CEOs Find Challenges In Using Customer Data To Drive Innovation

Ability to harness and sort through data for meaningful insights remains a hurdle, many say. “The key is...finding what is actually relevant.”


Sign Up to Receive Chief Executive Magazine

Chief Executive’s publications are designed to help CEOs do their jobs better and run their businesses more effectively. Subscribe here.


In Poll, Majority of CEOs Say Hybrid Work Is Here to Stay for 2022. Full Virtual? Not so Much

Almost all the CEOs we surveyed in May say they will work in at least partially hybrid mode for the rest of the year—versus just 7 percent who said they'd be fully remote.