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Front Line: Inflection Point for U.S. PV Manufacturing

Area Development Online Research Desk (Nov 09)
The global PV (photovoltaic) industry is entering a period of dramatic transformation. More

States Use Incentives to Attract Renewable Energy Business

Richard K. Greene, Senior Associate, The Williams Group Real Estate Advisors (Nov 09)
As the economy recovers, one particularly bright spot will be manufacturing for the renewable energy industry, which is already enjoying healthy popular and government support. More

Pennsylvania: Educated Workers and Strategic Location Key to Varied Sector Growth

Mali R. Schantz-Feld (Oct/Nov 09)
Alternative energy, advanced manufacturing, and life sciences are important industries to the Keystone State's job growth goals. More

Military Bases As Economic Development Magnets

James T. Berger (June/July 09)
Many of the military bases that have survived the Base Realignment and Closure (BRAC) have become hotbeds of development. More
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Pennsylvania  At A Glance
POPULATION: 12,448,279

LABOR FORCE: 6,388,000

RIGHT TO WORK: No

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

TARGETED INDUSTRIES: 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, lumber wood and paper

COLLEGE GRADUATES: (Age 25 and over) 25.0%

BASIC BUSINESS TAXES:
Corporate Net Income Tax:
9.99 percent based on federal taxable income before the net operating loss deduction with certain modifications; generally, Pennsylvania follows the federal rules for depreciation, except that it does not allow for the deduction of post-9/11 “bonus” depreciation; for corporate net income tax purposes, limited liability companies are treated in the same manner as for federal income tax purposes Capital Stock and Foreign Franchise Tax: 0.89 mills for tax year beginning 2010, after which the tax is scheduled to expire

Sales and Use Tax: 6 percent on the sale at retail of tangible personal property and certain specifically enumerated services; Allegheny County (including the city of Pittsburgh) and Philadelphia County are the only municipalities that impose an additional 1 percent local sales and use tax

Property Tax: Imposed by counties, municipalities, and school districts on the assesed 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 — Financial assistance (under a comprehensive Economic Stimulus package passed by the legislature in April 2004) can be obtained with a simplified application form available from the DCED’s Customer Service Center; eligible uses of the programs include:
  • • planning grants (agriculture and tourism)
  • • working capital
  • • payment of debt service
  • • business relocation/attraction
  • • land and building acquisition
  • • business retention
  • • expansion and construction
  • • startup businesses
  • • machinery and equipment purchases
  • • site remediation
  • • work force development
  • • refinancing
  • • infrastructure
  • • venture capital
  • • job creation
  • • technical assistance
  • • technology investment
  • • tax credits and abatements

Pennsylvania Chart
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