State of Innovation
E-mail Jason Rose for more information
Today, over 1400 foreign-owned companies operate in Pennsylvania and employ more than 400,000 workers. Leading foreign investment into Pennsylvania are the United Kingdom, Germany, Japan, Canada, France, the Netherlands and Switzerland. This is an invitation to maximize your business by taking advantage of the many benefits offered by the State of Pennsylvania.
Does Pennsylvania Meet Your Business Needs?
See for yourself why Pennsylvania is the State of choice for you! Access to Markets:
Transportation: Pennsylvania offers every means to move your products – by road, by rail, by air and by sea to the Great Lakes, to the Gulf of Mexico and to the Atlantic. Six out of 10 major U.S. market areas lie within a 500-mile radius of Pennsylvania’s capital.
Work Force: Pennsylvania boasts a dedicated, high quality workforce World-Class Economy: Pennsylvania’s economy was measured at $US 378 billion as of September 2001. If compared with major countries around the world, the States economy ranks 15th which is higher than that of Australia and Switzerland.
Technology Leader: Pennsylvania is home to nearly 6,600 high-tech establishments and it is the 4th-leading state for industrial electronics manufacturing and consumer electronics manufacturing, 5th for electronic components and accessories, and ranks eighth overall in high-tech employment, according to Cyberstates.
Research and Development: Pennsylvania ranks eighth in industrial spending and has research and development facilities for virtually every industry. Pennsylvania industries invest $9 billion annually in Research and Development.
Expansion and Location: Pennsylvania is a leading state for business expansion and location. It ranks fourth for new manufacturing plants and its Keystone Opportunity Zone program has been named the nation’s leading economic development program by Business Facilities magazine.
Keystone Opportunity Zones: The KOZ program represents the boldest, most forward-thinking economic development program in the nation. Through credits, waivers, and comprehensive deductions, total taxes on economic activity in these areas are reduced to almost zero.
Business Assistance: Pennsylvania has one of the best funded business assistance programs in the nation — we offer a wide variety of programs to meet your business needs.
from investments in high technology and machinery and equipment to land acquisition and industrial site remediation to R&D and export assistance, Pennsylvania’s business financing programs are among the most comprehensive of any state.
The State of Pennsylvania’s Canadian Business Development Office offers services to:
Aid you in setting up a US subsidiaryProvide information on Pennsylvania’s labor force, average wages, business tax structure and more
Coordinate site and building searches Offer customized financial assistance, including: grants, low-interest loans, tax credits, bond financing and job-training
Network with potential partners, including: suppliers, colleges, universities, law firms, accounting firms, banks, real estate professionals, construction and engineering firms and regional economic development experts throughout the state
Assist with immigration-related issues Identify training opportunities
