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Inward Investment Guides

Shale Gas Revitalizing U.S. Manufacturing Industry…While Environmentalists Have Their Say

Geraldine Gambale, Editor, Area Development Magazine (Directory 2015)
Although some states are rolling back or banning fracking due to potential environmental impact, overall, U.S. shale gas development and production is surging and helping to trigger a resurgence in manufacturing. More

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 at a glance

POPULATION: 12,773,801

LABOR FORCE: 6,347,000

RIGHT TO WORK: No

TRADITIONAL INDUSTRIES:Energy, life sciences, agriculture, advanced manufacturing and materials, tourism

TARGETED INDUSTRIES: Energy, life sciences, advanced manufacturing and materials, technology, agribusiness, plastics, aviation

COLLEGE GRADUATES: (Age 25 and over) 27.0%

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 0.67 mills; this tax is being phased out and is anticipated to be completely eliminated by 2016. Entities exempt from the capital stock/foreign franchise tax include certain qualifying not-for-profit organizations, homeowners’ associations, membership organizations, family farm corporations, agricultural cooperatives, restricted professional companies, and business trusts.

Sales and Use Tax: 6 percent on the retail sale, consumption, rental or use of tangible personal property in Pennsylvania. The tax is also imposed on certain services relating to such property and on the charge for specific business 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. Major items exempt from the tax include food (not ready-to-eat), candy and gum, most clothing, textbooks, computer services, pharmaceutical drugs, sales for resale, and residential heating fuels such as oil, electricity, gas, coal and firewood.

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 loans:
• Company investment
• Job creation
• Tax Abatements

Principal Manufacturing industries

  • Chemical Products
    20.3%
  • Food, Beverage & Tobacco Products
    11.7%
  • Fabricated Metal Products
    9.7%
  • Primary Metals
    9.4%
  • Machinery
    6.8%
  • Computer & Electronic Products
    5.5%
  • Other Transportation Equipment
    5.1%
  • Paper Products
    5.0%
  • Plastics & Rubber Products
    4.9%
  • Other Manufacturing Industries
    16.4%