ICYMI: Pennsylvania Gets it Done as Governor Shapiro Announces Major Investments in Economic Development and Job Growth Across the Commonwealth

Government and Politics

October 29, 2024

From: Pennsylvania Governor Josh Shapiro

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)