by A new analysis by the Pennsylvania Department of Community and Economic Development (DCED) shows the state has attracted more than $5.2 billion in private sector investments since Governor Josh Shapiro took office.
This economic momentum has resulted in the creation of over 9,500 new jobs across the Commonwealth.
What Happened
Governor Josh Shapiro’s administration, in collaboration with DCED, has secured billions in private capital and spurred job creation throughout Pennsylvania.
This effort is part of a larger strategy to position the state as a leader in economic development, innovation, and workforce expansion.
Key Details
- Total Private Investment: $5.2 billion
- Jobs Created: 9,500+
- Lead Agency: PA Department of Community and Economic Development (DCED)
- New Initiatives: Launch of BusinessPA team to support businesses
The BusinessPA team, a unit within DCED, is composed of experienced economic professionals focused on accelerating business growth and simplifying development efforts statewide.
Reactions or Statements
Governor Shapiro emphasized his administration’s focus on tangible economic progress:
“Since day one, my administration and I have been laser-focused on making Pennsylvania a leader in economic development, job creation, and innovation.”
DCED Secretary Rick Siger added:
“Economic development is a team sport, and the DCED team is committed to partnering with regions across our Commonwealth to make sure Pennsylvania is open for business.”
Recognition and Rankings
Pennsylvania’s economic progress has received national attention:
| Recognition | Source |
|---|---|
| Top State Economic Development Group | Business Facilities Magazine |
| 10th Overall in U.S. | Site Selection Magazine’s Governor’s Cup |
| 3rd in Northeast Region | Site Selection Magazine |
| Deal of the Year – Impact Award | For GSK expansion in Lancaster County |
What’s Next
The Shapiro Administration is continuing to roll out its 10-Year Economic Development Strategy, with a focus on:
- Expanding site development
- Reducing regulatory barriers
- Strengthening public-private partnerships
- Promoting Pennsylvania as a business-friendly state
DCED and BusinessPA will remain key players in these efforts.
FAQs
Q1: What industries are seeing the most investment in Pennsylvania?
A: While the report doesn’t specify, manufacturing, biotech, and logistics have historically been key targets.
Q2: How does this affect small businesses?
A: BusinessPA offers guidance and support to businesses of all sizes looking to invest or expand in the state.
Q3: Where can businesses learn more or apply for assistance?
A: Interested businesses can visit the DCED website or connect directly with the BusinessPA team.
Q4: What does “Price to Compare” mean in relation to utility rates?
A: It’s the default price per kWh charged by electric utilities for customers who do not choose a third-party supplier.
Q5: How does this investment impact Pennsylvania’s national economic standing?
A: It strengthens Pennsylvania’s reputation as a top-tier state for business expansion and job growth.
Summary / Final Takeaway
The Shapiro Administration’s focused economic agenda is delivering results — with over $5.2 billion in private sector investment and more than 9,500 new jobs.
With continued strategic initiatives, Pennsylvania is positioning itself as a competitive hub for business, innovation, and opportunity.
