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Inward Investment Guides

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

Manufacturing in America: Bigger, Better and Bolder

Mark Crawford (Q1 2014)
American manufacturing is on the upswing, with advances in innovation and productivity buoyed by decreased energy and transportation costs, and new efforts to increase work force skills. More

Sustainability: The “Invisible Hand” Shapes Next-Generation Location Selection

Don Schjeldahl, Founder, Don Schjeldahl Group (Q1 2014)
Companies that view their location strategies through a “sustainability filter” are more likely to achieve competitive advantage and long-term stakeholder value. More

Optimizing Economic Growth in Shale Zone Communities

Bruce Rutherford, International Director, Global Energy Practice Leader, Jones Lang LaSalle (Q1 2014)
The ability to access oil and natural gas reserves found in the nation’s shale regions has presented new opportunities for economic growth along with a host of infrastructure and real estate challenges. More

The 2013 Gold & Silver Shovel Award Recipients in Pictures

Area Development Magazine Special Presentation (Directory 2014)
Shown here are nine of the recipients of Area Development’s 2013 Gold & Silver awards, which were bestowed in recognition of the states’ efforts to capture new facility and expansion projects that resulted in significant investment and job-creation. All told, 19 states were recognized for their efforts. More

A Look Back - and Ahead - at the 2013/2014 Legislative and Incentives Landscape

Jason Hickey, President, Hickey & Associates, LLC (Directory 2014)
From what we witnessed in 2013, we can only expect more dynamic developments in state incentive programs and a continued focus on additional transparency. More

Regional Report: Mid-Atlantic Region Drawing High-Tech Investment

Karen Thuermer (Directory 2014)
Some new and creative incentive programs are being provided in the Mid-Atlantic States to help drive the region’s high-tech and other industries. More
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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%