Natural Gas Production & Consumption
With the largest natural gas formation mere miles away, Penn’s Northeast is a premiere location for businesses looking to tap into natural gas development. The Marcellus Shale formation is easily accessible from our region. Drilling for natural gas has recently become a huge part of the Pennsylvania economy, and it’s no exception in NEPA. Not only does our region sit right near natural gas development sites, it also houses the main metro area closest to the drilling locations. That means, just sixty miles away lies the region’s only international airport, access to thousands of miles of railways and interstates which connect our region to the entire country.
Penn’s Northeast is the perfect location not only for natural gas development, but for businesses that are high volume natural gas consumers. Large commercial and industrial transportation customers have access to some of the most favorably priced natural gas in the country, thanks to UGI Penn Natural Gas Inc. The large volumes of natural gas produced in Northeastern Pennsylvania mean businesses in our region can take advantage of the large amounts of natural gas available at lower prices than many other states.
Food & Beverage Manufacturing Industry
One of the strongest industries in Northeastern Pennsylvania is the food and beverage manufacturing industry. This industry alone employees over 12,000 local residents, and this number steadily grows every year. It’s easy to operate a food and beverage manufacturing facility in Penn’s Northeast with our prominent location, our abundant water supply and ever increasing supply of natural gas.
Because Penn’s Northeast is located so close to several large population areas including New York City, New Jersey, Philadelphia and Baltimore, over 60 food and beverage processing firms call our region home. Our location makes it easy to transport food and beverage products to most of the U.S. population quickly and cheaply.
Defense & Aviation Security Industry
One of the primary focuses at Penn’s Northeast is to recruit opportunities to provide additional value to northeastern Pennsylvania. Our economic development agency believes the defense and security industry is one of the best departments for Northeastern Pennsylvania to set its sights on. One way is by recruiting high value federal and private sector opportunities to strengthen the Tobyhanna Army Depot and businesses in the security and defense industries in Northeastern Pennsylvania. Businesses in this industry have already seen great success in the last decade in our region. Between 2000 and 2010, 661 companies located in our multiple counties were part of sophisticated defense contractor network. These 661 companies successfully fulfilled over 10,900 contracts collectively valued at $5.5 billion. Not only do these businesses succeed greatly in our region, but they are also a tremendous asset to our economy.
Tobyhanna Army Depot specializes in SATCOM and radar operations and MRO, communications & electronics, avionics and missile guidance and controls. Tobyhanna employs approximately 12,172 people, living in our region and outside. Due to the geographic location, beneficial operating costs and technical expertise in northeastern Pennsylvania, we believe this industry can help strengthen our region.
Bioscience Manufacturing & Logistics
Recently, Northeastern Pennsylvania has prepared to target Bioscience, one of the fastest growing industries in the world. The large amount of higher education institutions in our region with a focus on healthcare practices, including The Commonwealth Medical College, the newest medical college in the country, along with our location close to several main metro areas, marks our region as one of the best areas for bioscience to flourish. Penn’s Northeast targets specific aspects of bioscience for our region.
We work to bring businesses & companies who are focused on three areas:
1. Direct Patient Care via Telecommunications
2. Medical Equipment Manufacturing & Logistics
3. Pharmaceutical Manufacturing, Servicing & Logistics