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Pennsylvania Resources Page
Inward Investment Guides

Regional Report: Growth in Biomedicine, Energy, and Food Processing Helping Mid-Atlantic Prosperity

Mark Crawford (Directory 2015)
In general, the Mid-Atlantic’s strongest sectors are financial and business services, healthcare, biomedicine, food processing, and energy. It’s been an uneven year for the Mid-Atlantic, but there are plenty of bright spots to light the way. More

Revolutionary Advances in Life Sciences amid Industry Disruption and Uncertainty

Mark Crawford (Q4 2014)
Major economic, social, and regulatory factors are having big impacts on the life sciences and medical device industries, representing an opportunity for innovative companies to become new leaders and gain market share. More

Building Agility into the Supply Chain

Will O’Shea, Chief Sales and Marketing Officer, XPO Last Mile (Q3 2014)
With delivery speed now a competitive differentiator, companies must ensure they have a “shippable” delivery on hand. More

Domestic Oil Production Spurs Regional and Manufacturing Industry Renaissance

Bruce Rutherford, International Director, Global Energy Practice Leader, JLL (Q3 2014)
Today's thriving domestic energy industry is stimulating local economies across the map, from major cities like Denver and Houston, to small towns at the epicenter of shale plays like Williston, North Dakota. More

Advanced Manufacturers Utilize Incentives to Improve Financial Performance

Gregory Burkart, Managing Director and Practice Leader, Site Selection & Business Incentive Advisory Services, Duff & Phelps, LLC (Advanced Industries 2014)
Incentives have moved from the fringes of a project to being a part of the competitiveness equation in bringing manufacturers back to the U.S. More

Leading Locations for 2014 Commentary: One Industry, or Many, Can Lead to Economic Success

Jim Eskew, Vice President, JLL (Q2 2014)
As revealed in the overall “Leading Locations” rankings, there is more than one way to become an attractive location. Some locations have risen on the strength of a dominant industry sector. Others have prevailed by offering low-cost real estate, talent, and other resources in a balanced, diversified economy. More

Market Report: Food Processing Companies Grow at a Steady Pace

Clare Goldsberry , Area Development Contributor,  (Q2 2014)
While some processors are closing plants to eliminate redundancies, others are expanding to be in closer proximity to customers. More

Pennsylvania Direct Financial Incentives 2014

Area Development Online Research Desk (Q1 2014)
Pennsylvania's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. More

PENNSYLVANIA at a glance

POPULATION: 12,742,886

LABOR FORCE: 6,386,000

RIGHT TO WORK: No

TRADITIONAL INDUSTRIES:Mineral extraction and processing, agriculture, advanced manufacturing, pharmaceutical manufacturing, tourism

TARGETED INDUSTRIES: Energy, life sciences, business and financial services, high technology, advanced materials and diversified manufacturing, building and construction, education, agriculture and food production, information and communication services, logistics and transportation

COLLEGE GRADUATES: (Age 25 and over) 27.1%

BASIC BUSINESS TAXES:
Corporate Net Income Tax: 9.99 percent on federal taxable income, without the federal net operating loss deduction and special deductions, and modified by certain additions and subtractions. Domestic and foreign corporations are subject to the corporate net income tax for the privilege of doing business; carrying on activities; having capital or property employed or used in Pennsylvania; or owning property in Pennsylvania.

Capital Stock and Foreign Franchise Tax: Imposed at a rate of 1.89 mills; this tax is being phased out and is anticipated to be completely eliminated by 2014. Assets used in manufacturing, processing, or research and development are exempt from this tax.

Sales and Use Tax: 6 percent on the sale at retail of tangible personal property and certain specifically enumerated services. By law, a 1 percent local tax is added to purchases made in Allegheny County, and 2 percent local tax is added to purchases made in Philadelphia. Purchases of materials to be consumed in manufacturing or those to be used directly in manufacturing (e.g., equipment, raw materials, etc.) are exempt from the sales and use tax.

Property Tax: Imposed by counties, municipalities, and school districts on the assessed value of property as established by local assessor; no county or state tax on personal property, whether tangible or intangible

BUSINESS INCENTIVES:
Department of Community and Economic Development (DCED) -

Single Application for Assistance - eligible uses of the programs include:

Grants and loans for:
• Business relocation/attraction

• Business retention

• Expansion and construction

• Infrastructure

• Land and building acquisition

• Machinery and equipment purchases

• Planning (agriculture and tourism)

• Site remediation

• Start-up businesses

• Technical assistance

• Technology development & investment

• Work force development

• Working capital

Private financing:
• Tax-exempt and taxable bonds

• Loan Guarantees

Venture capital tax credits:
• Job creation

• Research and development

Tax Abatements

Principal Manufacturing industries

  • Fabricated Metal Products
    14.2%
  • Food
    11.8%
  • Machinery
    8.3%
  • Chemicals
    7.5%
  • Primary Metal Mfg.
    6.8%
  • Transportation Equipment
    6.6%
  • Plastics & Rubber Products
    6.2%
  • Computer & Electronic Products
    5.7%
  • Printing & Related Support Activities
    4.8%
  • Electrical Equipment & Appliances
    4.6%
  • Nonmetallic Mineral Products
    3.7%
  • Wood Products
    3.3%
  • Other Manufacturing Industries
    16.4%