PHILADELPHIA – Gov. Josh Shapiro is touting a big investment in Pennsylvania.
Thursday, Burlington Stores announced it is moving its corporate headquarters in Burlington, New Jersey, to Philadelphia.
The retailer is one of the fastest-growing Fortune 500 companies in the U.S.
Burlington says its $370 million investment will bring 2,000 jobs to the region over the next five years. It comes two days after Shapiro announced that Chobani is making a major investment in the Lehigh Valley.
The governor says it’s all contributing to economic growth in the Commonwealth.
“CNBC just increased our rankings by four spots, the highest ranking for business growth in the last 15 years,” Shapiro said. “Forbes rated us one of the best states in the country to start a business, and Moody’s showed that we’ve got the only growing economy in the northeastern part of the United States.”
Pennsylvania is also investing $30 million to support the move.
Burlington currently operates 1,300 stores in 47 states.