Thursday, June 01 2017
In a world that demands fast-paced innovation at all levels, Pennsylvania embodies the imagination and can-do spirit that businesses need to compete and thrive. The Keystone State’s unparalleled wealth of assets allow companies to work smarter and grow. From the robust entrepreneurial ecosystem and top-rated universities to the skilled workforce and prime location to key markets, Pennsylvania continues to deliver the resources businesses need to succeed in today’s global economy.
Access to Markets
Boasting interstate highways, modern freight railroads and six international airports, Pennsylvania makes logistics and transportation easy. The three major ports – Pittsburgh, Philadelphia and Erie – offer access to the Atlantic Ocean, The Great Lakes and The Gulf of Mexico. This comprehensive intermodal transport network keeps business moving across the country – and around the world.
Partnership and Collaboration with Higher Education
In southwestern Pennsylvania, several global corporates – including Uber, Google and Ford – are making significant investments in the technology and robotics scene in Pittsburgh while working with world-class institutions like Carnegie Mellon University and University of Pittsburgh.
A Hardworking and Highly-Skilled Workforce
At 6.5 million strong, Pennsylvania’s workforce offers hardworking, skilled and resilient individuals who support businesses across the state’s vast and diverse industries. And, throughout the state, universities and workforce programs have forged partnerships that strengthen this growing workforce.
For example, the WEDNetPA training offers an employer-driven program to make businesses more competitive, all while keeping employee skills current and relevant. Businesses can decide how, when and where employees receive the training, making it a responsive and flexible program. As of Fiscal Year 2015-2016, WEDNetPA assisted more than 18,000 businesses and trained more than 1.1 million employees in Pennsylvania.
Expansion and Relocation Services
And, GAT knows that strategic investments will not only positively impact profitability of a company, but also boost Pennsylvania’s local economics and raise the standard of living for residents in the state.
Investment in Business Attraction and Retention
Amazon announced plans to expand and invest $150 million and create 5,000 new, full-time jobs across the state to further support its Prime operations. The state’s strategic location puts the company closer to its customer base, allowing it to accommodate two-hour and one-hour delivery services.
Shell chose Beaver County in 2016 as the site of its new ethane cracker plant. This game-changing, multibillion-facility will support up to 6,000 construction jobs and at least 600 full-time jobs when completed. As the first major U.S. petrochemical project of its kind outside the Gulf Coast region, the plant will also create vast downstream opportunities for the entire state.
Highlighting the downstream opportunities, DCED and the Team Pennsylvania Foundation recently released a comprehensive study by IHS Markit around the petrochemical and plastics industries. The report forecasts $2.7 to $3.7 billion in investments in natural gas liquid assets and petrochemical and plastics manufacturing, as well as the opportunity to attract up to four additional cracker plants in Pennsylvania.
Pennsylvania is also attracting new businesses and investment from overseas. Thanks to the Office of International Business Development, six international companies chose Pennsylvania in 2016, committing to invest $1.4 million to support more than 700 jobs.
The state will continue to attract businesses from around the globe. From business resources and diverse communities to cultural assets and inspirational individuals, the companies, communities and people that call Pennsylvania home continue to make it a premier place to work smart and live happy, and will attract business to the state in the years to come.
Visit http://www.expansionsolutionsmagazine.com/pennsylvania_ed for local economic development office directory listings.