Pennsylvania

State Profile

Pennsylvania wants to help your business grow. Pennsylvania is committed to breaking down barriers for businesses seeking to locate in the state. Led by the Pennsylvania Office  of International Business Development (OIBD), the commonwealth has become a leader in cross-border projects and is one of the nation’s fastest growing exporters, thanks to its global network of overseas offices which cover more than 55 markets worldwide.

These efforts have helped make Pennsylvania home to nearly 6,450 foreign-owned businesses employing more  than 275,000 people. More than a quarter of foreign-owned firms in Pennsylvania are from the United Kingdom, ranking it first in both number of businesses and jobs.

TOP PA EXPORTS

  • Chemicals ($6.9 billion)
  • Machinery, except electrical ($4.5 billion)
  • Transportation equipment ($4 billion)
  • Computer & electronic products ($3.8 billion)
  • Primary metal manufactures ($3.4 billion)

WE HAVE WHAT YOUR BUSINESS NEEDS TO GET THE JOB DONE

Pennsylvania has the strategic location, market access, low energy costs, and tried-and-tested infrastructure that will spell success for your business. Our workforce is well-educated, has access to globally-ranked universities throughout the commonwealth, and is continuously expanding their job skills and knowledge thanks to an extensive range of customised job training programmes and partnerships – many of which are specifically designed for businesses choosing to locate within the state.

  • In 2014 alone, $94.5 million was invested by United Kingdom foreign direct investment projects in Pennsylvania
  • Almost two-fifths of companies have an annual turnover of $1 billion to $4.99 billion

JOIN OUR PROMINENT DRUG AND PHARMACEUTICAL CLUSTERS

Join companies like Almac, GlaxoSmithKline and Wiko USA and see why Pennsylvania is an optimal location for businesses in the drug and pharmaceutical arenas.

  • $1.4 billion in NIH funding – 4th highest in the US
  • 3rd in drugs and pharmaceutical industry strength
  • 3rd in biotechnology growth potential
  • Employs 19,000 at 115+ establishments

QUALITY MANUFACTURING IS OUR HERITAGE

America was built on Pennsylvania manufacturing, and the industry has formed the backbone of the state economy ever since. Today, it continues to evolve and power industry in the state with the advent of additive technologies like 3-D printing.

  • 8th largest manufacturing industry in the US
  • Ranked in top 5 states for manufacturing jobs
  • 567,000+ employees
  • 14,500+ establishments

LOW-COST ENERGY IS MAKING A DIFFERENCE FOR PA BUSINESSES

Pennsylvania is leading America’s energy revolution, and is now a net exporter of energy.

  • 2nd largest producer of natural gas in the US
  • Home to largest unconventional natural gas field and second-largest overall natural gas field in the world
  • Wholesale electricity prices lowered by 40%
  • Purchased natural gas cost rates lowered by more than 50%

A 2012 report by TD Bank showed the entire manufacturing sector could save more than $50 billion per year in the form of these lowered costs.

Further Information

For more information, contact:

Richard Kilner
Pennsylvania Authorised Investment Representative
133 Coombe Lane
London, SW20 0QY

Tel: +44 (0) 20 8944 6589
Email: rjkilner@aol.com
Website: www.newPA.com/invest
Twitter: @investPA
LinkedIN: Pennsylvania Department of Community & Economic Development

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