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Attracting Quality Employers to Northeastern Pennsylvania!

Northeastern Pennsylvania has Record Year

12.28.2021


Northeastern Pennsylvania has Record Year 

By John L Augustine III 

President/CEO 

Penn’s Northeast 

 

Business is booming along the I81 Corridor in Northeastern PA. Penn’s Northeast works directly with site selectors, businesses, and brokers to facilitate leads and deals. We have never been busier than we have this past year. While e-commerce/distribution is leading industrial projects across the nation, our region has been fortunate to see a rise in manufacturing, healthcare, and international prospects as well. 

 

Working closely with our partners at Pennsylvania's Department of Community & Economic Development as well the state’s Office of International Business Development, we have processed over a dozen leads resulting in site selection visits across our 8-county region. 

 

Below is a brief overview of some of the recent deals in Northeastern PA. 

 

2021 Projects in Northeastern PA: 

 

Ecommerce/Distribution and Pharmaceutical! 

Amazon plans to open a 1,027,660 square-foot fulfillment center in Lackawanna County's Valley View Business Park, creating more than 500 full-time and part-time jobs. 

 

Pet e-commerce retailer Chewy, Inc., is expanding its operations in Pittston Township by leasing 155,000 square feet of existing space to create a pet pharmacy that will provide fulfillment of pet prescriptions, medications, and special dietary food, creating more than 550 jobs. 

 

Rausch Creek Logistics Center, a planned industrial park located directly off of Interstate 81 in Schuylkill County, was recently purchased for $25.75 million by Panattoni Development Co., based in Irvine, California. The property totals 2.4 million square feet and will include two buildings of 1,346,755 and 1,040,540 square feet. 

 

Manufacturing with an International Focus! 

Global nutraceutical manufacturer, German-based Amapharm LLC, announced plans to locate its first American facility in Luzerne County. The 43,500 square-foot building is being constructed by CAN DO. Once fully operational, Amapharm plans to create between 50 and 100 jobs. 

 

Re-Match, an international recycler of artificial turf fields, has chosen Hanover Twp. in Luzerne County as its first North American recycling facility. Investing nearly $12.2 million in the project, Re-Match will create approximately 40 new, full-time jobs. 

 

HMTX Industries, a global manufacturer of building materials, selected an existing 313,000 square-foot building in Pittston for a new luxury vinyl tile manufacturing facility, creating 115 good-paying jobs. 

 

Geisinger Continues Regional Investments! 

In a joint venture with Acadia Healthcare, Geisinger announced two new facilities that are expected to create approximately 200 new jobs by 2024. The first facility will be a 73,000 square-foot, 96-bed inpatient behavioral health facility to be built at 60 Glenmaura National Boulevard. A similar facility will be built in Danville and will open in 2023. Geisinger is investing $80 million for both facilities. 

 

Geisinger is also converting a former Walmart department store building into an establishment offering an array of medical services. This additional $80 million investment will create more than 150 jobs. 

 

And now we finally know where the “CLOUD” is located…. 

Talen Energy has begun construction of a zero-carbon Bitcoin mining facility in Salem Twp. 

 

In addition to the 180-megawatt Bitcoin mining facility, multiple data centers powered directly by Susquehanna’s two nuclear units are being constructed. Cloud computing operators like Amazon, Google, and Microsoft are looking for low-cost, highly reliable, and carbon-free energy. The first phase of the $400 million project will bring nearly 1,000 jobs to the area during construction, then employ approximately 75-100 people. 

 

These are just a few of the many exciting projects that were highlighted this past year. Many more are planned in the coming months. 

 

While industrial land is becoming more expensive and harder to find across the country, plans are in place to deliver more than 20 million square feet in the next two years. So, keep an eye out for exciting announcements that will be made in 2022! 

 

Penn's Northeast is Northeastern Pennsylvania's regional economic development agency, dedicated to attracting quality employers to Carbon, Columbia, Lackawanna, Luzerne, Monroe, Pike, Schuylkill, and Wayne counties. 

 

Penn’s Northeast serves as the single regional point of contact for businesses looking to relocate to or expand within Northeastern Pennsylvania, functioning as a liaison between local development partners, the Commonwealth of Pennsylvania, and businesses seeking new facilities.   

www.pennsnortheast.com 


Published in Mid Atlantic Real Estate Journal - December 24, 2021

https://online.flippingbook.com/view/621663353/66/

 



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