Northeastern Pennsylvania -
“We are now in a position to take dirt like this and turn that into real freedom and real opportunity. To take dirt like this and put people to work, not just erecting a building, but providing family-sustaining jobs on that ground, and give us something we can look at with a promise to a brighter future.”
This year, Governor Shapiro secured historic investments in economic development and attracted billions in private investment — creating thousands of good-paying jobs and benefiting communities in rural, urban, and suburban areas alike.
Harrisburg, PA – This year, Governor Josh Shapiro worked to make Pennsylvania more economically competitive, attracting more businesses and creating good-paying jobs. The Governor has delivered on that by making securing more than $3 billion in private sector investments to drive growth in key industries like agriculture, energy, life sciences, manufacturing, and technology.
In January 2024, the Governor launched the Commonwealth’s first Economic Development Strategy in nearly two decades, establishing a bold ten-year plan with goals to spur innovation, invest in growth, and open doors of opportunity for all Pennsylvanians.
In the 2024-25 bipartisan budget, Governor Shapiro accomplished one of his top priorities: securing more than $550 million in new funding for economic development, including $500 million for site development, $20 million for the Main Street Matters program to support small businesses and commercial corridors, $20 million in state funding for small minority-owned businesses in Pennsylvania, and $15 million for tourism marketing to boost our economy, attract more visitors, and support good-paying jobs
The Shapiro Administration’s streamlined approach to business development has also cut permitting and licensing times thanks to the launch of the PA Permit Fast Track Program and supported over 400 transformative projects across the Commonwealth with $600 million in funding through the Redevelopment Assistance Capital Program (RACP). These efforts have revitalized rural, urban, and suburban communities alike, ensuring broad economic benefits for all Pennsylvanians.
Watch Governor Shapiro’s new video by using the link below on how his Administration has positioned Pennsylvania as a national leader in economic growth, ensuring that Pennsylvanians have the opportunity to chart their own course and the opportunity to succeed, or read the transcript below.
