ICYMI: Pennsylvania Gets it Done as Governor Shapiro Announces Major Investments in Economic Development and Job Growth Across the Commonwealth
From: Pennsylvania Governor Josh Shapiro
October 29, 2024
Governor Shapiro is making Pennsylvania more competitive and has secured over $3 billion in private sector investments since he took office
Over the last week, the Shapiro Administration has announced more than $1.7 billion in new economic development investments, contributing to over 4,550 jobs
Harrisburg, PA – Since taking office, Governor Josh Shapiro has worked to make Pennsylvania more economically competitive, attracting more businesses and creating good-paying jobs. So far, he’s secured over $3 billion in private sector investments all across the Commonwealth, creating economic opportunity for Pennsylvanians and ensuring we’re a leader in key sectors like agriculture, energy, life sciences, manufacturing, and robotics and technology.
Last week, Governor Shapiro announced major economic development projects in communities across the Commonwealth, with nearly $1.7 billion in new investments led by the Shapiro Administration, contributing to over 4,550 new jobs.
Read more about several recent economic development investments:
- Downtown Pittsburgh Revitalization: Governor Shapiro unveiled(opens in a new tab) a groundbreaking 10-year plan aimed at revitalizing Downtown Pittsburgh. The Commonwealth is committing over $62 million in the first four years of the plan, which is projected to spur nearly $600 million in total investments, adding residential units, enhancing public spaces, and creating over 3,500 construction jobs. This initiative aims to make Pittsburgh’s Downtown a safe, clean, vibrant cultural and economic center.
- GSK’s Biopharma Investment in Lancaster County: Global pharmaceutical giant GSK has committed(opens in a new tab) up to $800 million for an expansion in Lancaster County, supported by $21 million from the Commonwealth. This project will create 200 high-paying jobs, nearly doubling the facility’s capacity and reinforcing Pennsylvania’s leadership in life sciences.
- Mainspring Energy Expansion in Allegheny County: Mainspring Energy, a leading manufacturer of clean energy generators, will establish(opens in a new tab) a $109 million facility in Allegheny County, creating 597 new jobs. Pennsylvania won this competitive bid with over $8.6 million in support from DCED, making a strong statement that the Commonwealth is open for business.
- Mitsubishi Electric Power Products Growth in Southwestern PA: A $6.7 million investment(opens in a new tab) supports Mitsubishi Electric Power Products’ $86 million expansion in Pittsburgh, which will create 200 jobs and retain over 800, growing Pennsylvania’s manufacturing and energy sectors.
- Folkland Foods Expansion in Erie County: Governor Shapiro announced(opens in a new tab) a $3 million investment in Folkland Foods to support their $7 million expansion into organic potato production, creating up to 50 jobs and reinforcing Pennsylvania’s role as a leader in agriculture.
See what Pennsylvanians are reading about these recent economic development investments:
Downtown Pittsburgh Revitalization
Trib Live: Shapiro unveils $600M plan to revive Downtown Pittsburgh with housing, public spaces, safety(opens in a new tab)
WPXI: Governor Shapiro announces historic plan to revitalize Downtown Pittsburgh(opens in a new tab)
WTAE: Gov. Shapiro announces $600 million downtown Pittsburgh revitalization plan(opens in a new tab)
Pittsburgh Post-Gazette: Downtown Pittsburgh would get $600 million under 10-year revitalization plan(opens in a new tab)
WESA: Shapiro announces a 10-year, $600 million makeover for Downtown Pittsburgh(opens in a new tab)
Pittsburgh Business Times: Shapiro on $600M plan for downtown Pittsburgh: "Everyone is coming together to tackle these challenges"(opens in a new tab)
KDKA: Downtown Pittsburgh gets $600 million for revitalization projects(opens in a new tab)
Technical.ly: New initiative pools $600M to revitalize downtown Pittsburgh into a ‘hub of innovation’(opens in a new tab)
Pittsburgh Magazine: Gov. Shapiro Announces Grants to Spur $600 Million Investment to Revitalize Downtown(opens in a new tab)
Pittsburgh Post-Gazette: How a $600 million plan to save Downtown came together in a distinctly Pittsburgh way(opens in a new tab)
Pittsburgh Business Times: Here's more details about the 7 "shovel-ready" projects in downtown's $600M plan (slideshow)(opens in a new tab)
GSK’s Biopharma Investment in Lancaster County
Politics PA: Shapiro Announces GSK Investment of $800M in Lancaster County(opens in a new tab)
LNP: Drug maker GSK will invest $800 million in its Lancaster County facility(opens in a new tab)
Central Penn Business Journal: Global biopharma company expanding Lancaster facility, investing $800M in Pa.(opens in a new tab)
ABC27: GSK investing up to $800 million in Lancaster County facility expansion(opens in a new tab)
WGAL: Vaccine manufacturer GSK to expand operations in Lancaster County, create new jobs(opens in a new tab)
Pennsylvania Business Report: GSK, state support largest economic development project in Lancaster County’s history(opens in a new tab)
Mainspring Energy Expansion in Allegheny County
Pittsburgh Post-Gazette: A California-based clean energy company plans to build a new plant near the airport and hire 600 workers(opens in a new tab)
PennLive: Feds’ $87m investment in new manufacturing plant in Pa. could create nearly 900 jobs(opens in a new tab)
WPXI: Mainspring Energy to bring big plant, hundreds of jobs to Coraopolis(opens in a new tab)
Mitsubishi Electric Power Products Growth in Southwestern PA
Pittsburgh Business Times: Mitsubishi Electric Power Products to invest $86M in new facility in region(opens in a new tab)
Pittsburgh Post-Gazette: Mitsubishi Electric Power Products to build new factory, add 200 jobs, spend $86 million in the region(opens in a new tab)
Business Wire: Mitsubishi Electric Power Products Inc. to Build a Manufacturing Factory in Western Pennsylvania as Part of an $86 Million Investment in Advanced Switchgear and Power Electronics in North America(opens in a new tab)
Folkland Foods Expansion in Erie County
Erie Times: Troyer Growers wins $3 million state grant for organic french fries. How it will be used(opens in a new tab)
Erie News Now: Governor Shapiro Visits Waterford, Announces $3 Million Investment into Local Potato Farma and Fry Company