From the Governor
“We’ve made progress in Pennsylvania, but we still have more work to do and I will continue to work on growing our economy for all workers by making it easier for small businesses to start, pushing forward critical infrastructure projects, investing in schools, and expanding career and technical education opportunities so everyone has the skills needed to find good-paying jobs and live a comfortable, rewarding life in the state we all call home.” —Gov. Tom Wolf
Strength in Economic Diversity
Bloomberg’s inaugural Economic Diversity Index ranked the Keystone State as the most economically diverse in the nation in 2019, earning a comparable portion of GDP from real estate, manufacturing and healthcare. While steel and healthcare has been leading growth in recent years, the state is now trying to make a greater transition to tech.
Research and Development Tax Credit: Offers a state income tax credit to businesses and individuals that perform qualified R&D activities in the state.
Keystone Innovation Zone (KIZ) Tax Credit: Offers an incentive-based tax credit program to foster the redevelopment of abandoned or deteriorated commercial and industrial sites.
Tax Credits for New Jobs: Offers from $1,000 to $2,500 per job for businesses that create at least 25 new jobs or expand their existing workforce by at least 20%.
Manufacturing Tax Credit (PRM): Offers a PRM tax credit of up to five cents per gallon for ethane purchased and used in manufacturing ethylene for companies that invest at least $1 billion and create the equivalent of 2,500 full-time jobs while constructing a manufacturing facility.
Pennsylvania Department of Community & Economic Development: dced.pa.gov
Pittsburgh Regional Alliance: pittsburghregion.org
PIDC Philadelphia: pidcphila.com
Highlighted Program or Initiative
The Manufacturing PA initiative includes such partners as the National Institutes of Standards and Technology Manufacturing Extension Partnership, the Industrial Resource Centers, and universities to support the state’s manufacturing community. Manufacturing PA funds training-to-career grants, seven industrial resource centers, and an innovation program.
- Online retailer goPuff announced in November 2018 it will construct a new headquarters in Philadelphia and build 10 warehouses across the state, creating more than 500 jobs over the next three years
- WebstaurantStore, Inc. announced in May 2019 it will construct a $33 million fulfillment center in Harrisburg and create 400 jobs.
- Amazon announced in July 2019 it will create 800 jobs at a $30 million fulfillment center in Findlay Township.
- AirBorn broke ground in August 2019 on an expansion at its manufacturing facility in Lake City Borough. It is expected to create 249 jobs over the next three years.
- TechnipFMC announced in August 2019 it will expand its operations and establish a regional hub facility in Washington County and retain and create 168 jobs.
20 Fortune 500 companies headquartered in state, including:
Company Rite Aid
PNC Financial Services Group
United States Steel
“We consider Philadelphia our first investor. We would not have been able to scale our business as quickly and deliver the moments that matter most to our customers had it not been for the support of the city and the state.”
—Rafael Ilishayev, Co-Founder, goPuff
“The workforce in Lake City and Erie County have prov- en to be an asset to AirBorn…Our investment in the community brings not only new jobs but the opportu- nity to build a career at our employee-owned company.” —Jennifer Nelson, Vice President of Operations and Supply Chain Management, AirBorn
“Pennsylvania is a great state for business and Amazon is excited to continue its growth and investment with our newest fulfillment center in Allegheny County…. For nearly a decade, the Keystone State has been key to Amazon’s ability to serve our incredible customers and provide great selection and super-fast shipping speeds across the Northeast and Midwest regions of the U.S.” —Alicia Boler Davis, Vice President of Global Customer Fulfillment, Amazon