The Southcentral Region of Pennsylvania is strategically located close to major domestic and international markets. Within a 500 mile radius of the Region lies 40% of the United States population and more than 60% of Canada’s population. An extensive inter-modal transportation system of highways, railroads, ports and airports easily moves people and goods to these vital markets. Consider the opportunities when you are within several hours to a one-day drive from some of the richest consumer and industrial markets within the United States and Canada. No only are these vast markets, but doing business in the Region has never been easier.
There have been major and exciting changes enacted to make Pennsylvania’s business climate extremely business friendly:
· New State “Economic Stimulus” financing and incentive programs
· Business tax cuts
· Workers’ compensation reform
· Brownfield reuse legislation
· Electric deregulation
· Strong local, regional and State economic development partnerships
We have world class resources to serve these business clusters:
· Advanced Materials and Diversified Manufacturing
· Biotechnology and Life Sciences
· Health Care, Medical Research and Education
· Information and Communication Technology
· Business and Financial Services
· Food Processing and Agribusiness
· Technology Solutions and Support
Business Development Programs
Southcentral Pennsylvania offers a variety of incentive and financing programs that make it very attractive for businesses to locate here. The State’s recently approved Economic Stimulus Package provides new financing and incentive resources, in addition to our already extensive list of programs. Our economic development specialists will be glad to develop an attractive package to facilitate your expansion in Southcentral Pennsylvania.
Keystone Opportunity Zones
Pennsylvania’s Keystone Opportunity Zones (KOZ) are specifically targeted areas with a greatly reduced, or no, tax burden for businesses and residents. Businesses and developers that expand here will receive multi-year tax forgiveness from local governments, school districts and the Commonwealth. In total, more than 772 acres are included in the Southcentral Pennsylvania KOZ.
Business Support Programs
Pennsylvania boasts the largest number of active and successful state and federally funded business support programs including the Pennsylvania Technical Assistance Program (PENNTAP), the Ben Franklin Technology Partners, the Small Business Development Centers, the PA Workforce Investment Board, Customized Job Training, the World Trade Center Harrisburg, the Workforce and Economic Development Network, and The Murata Center, a business incubator.
Southcentral Pennsylvania continues to focus on manufacturing leadership and innovation. A powerful network of organizations, including MANTEC, Inc., PENNTAP, the Ben Franklin Technology Partners and the Manufacturers Association of Southcentral Pennsylvania, are available to partner with manufacturers.
Life Sciences Greenhouse
The Life Sciences Greenhouse, in close proximity to The Pennsylvania State University’s Milton S. Hershey College of Medicine and Medical Center, is one of only three such Greenhouses designed to assist biotechnology companies. The Life Sciences Greenhouse helps biotechnology innovators start new operations that will grow and prosper in the region’s emerging biotechnology cluster.
Foreign Trade Zones and HUB Zones
Foreign Trade Zones (FTZ) stimulate economic development by providing a climate that encourages growth for firms involved in international trade. The local FTZ is structured to reduce the cost of doing business in a global economy. Sub zones can be established for companies throughout the Region. HUB Zones also exist in various parts of the region, providing contracting incentives to companies that operate here and sell to the Federal Government.
Southcentral Pennsylvania has two state enterprise zones: Perry County and the Technology Corridor, including the City of Harrisburg and Carlisle Borough, extending 65 miles from Harrisburg International Airport to Shippensburg. The Enterprise Zone Program assists private businesses by offering incentives and programs to meet their expansion needs.
Southcentral Pennsylvania is one of the fastest growing, dynamic and productive regions in the State. The cultural makeup and business-savvy nature of our residents has produced a highly skilled, well-trained, dependable, and loyal workforce. In essence, we are one of the most productive in the Commonwealth.