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business22h ago
ICYMI: MyChesCo Highlights Pennsylvania as Top State for Business Survival Under Governor Josh Shapiro - PA Department of Community & Economic Development
- 56% of Pennsylvania startups survive five years, signaling strong long-term resilience.
- Governor Shapiro’s administration reports over $35.9 billion in private-sector investment and 18,800 jobs since taking office.
- Area Development ranks Pennsylvania among the top 20 Best States for Business and Site Readiness Programs.
- Site Selection Magazine lists Pennsylvania 11th in 2025 Business Climate Rankings, a notable jump.
- Johnson & Johnson to build a next-generation cell therapy manufacturing site in Pennsylvania.
- Governor Shapiro emphasizes cutting red tape and investing in site development and Main Streets.
- DCED reports $4 million in new PIDA loans for Blair and Westmoreland counties.
- Firms like Sunbelt Rentals and East Penn Manufacturing plan occupancy in newly financed sites.
- The state’s life sciences sector employs over 100,000 people across about 3,100 entities.
- Shapiro Administration cites a comprehensive economic development strategy as a driver of growth.
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