{"id":11522,"date":"2025-10-22T17:33:07","date_gmt":"2025-10-22T17:33:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-pa\/11522\/"},"modified":"2025-10-22T17:33:07","modified_gmt":"2025-10-22T17:33:07","slug":"new-report-under-governor-shapiros-leadership-pennsylvania-remains-the-only-state-in-the-northeast-with-a-growing-economy","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-pa\/11522\/","title":{"rendered":"NEW REPORT: Under Governor Shapiro\u2019s Leadership, Pennsylvania Remains the Only State in the Northeast with a Growing Economy"},"content":{"rendered":"

Pennsylvania remains the only state in the Northeast with an economy that\u2019s growing, according to the latest analysis<\/a> from Moody\u2019s Analytics.<\/p>\n

Since taking office, Governor Shapiro and his Administration have made Pennsylvania more competitive \u2014 cutting red tape, implementing transformative changes to permitting and licensing, and making strategic investments that have attracted nearly $26 billion in private sector investment, created more than 13,200 good-paying jobs, and expanded opportunity across the Commonwealth.<\/p>\n

As of October 2025, states in green are expanding \u2014 and Pennsylvania is among just 16 states nationwide where the economy continues to grow. <\/p>\n

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Harrisburg, PA \u2013 \u202fNew analysis out today from Moody\u2019s Analytics Chief Economist Mark Zandi confirms<\/a> that Pennsylvania remains the only state in the Northeast with a growing economy, continuing a trend of economic leadership under Governor Josh Shapiro\u2019s leadership.<\/p>\n

Moody\u2019s new report found that Pennsylvania is among just 16 states nationwide where the economy continues to expand, based on state-level jobs data, industrial production, personal income, and housing starts.<\/p>\n

Since taking office, Governor Shapiro has made Pennsylvania more competitive \u2014 cutting permit and licensing backlogs, streamlining approvals, and launching the Commonwealth\u2019s first economic development strategy<\/a> in nearly two decades. These reforms have helped attract nearly $26 billion in private-sector investment and create more than 13,200 new jobs across the Commonwealth.<\/p>\n

In October alone, the Governor and his Administration announced new investments that build on that growth:<\/p>\n

Eos Energy Enterprises is investing<\/a> $352.9 million to relocate its headquarters from New Jersey to Pittsburgh, creating and retaining 1,000 jobs.
\n Mint-X is investing<\/a> $10.5 million to relocate manufacturing operations from New York to Luzerne County, creating over 100 jobs.
\n Imperial Systems, Inc. is investing<\/a> $8 million to expand its air filtration equipment manufacturing operation in Mercer County \u2014 creating 47 new, full-time jobs and retaining 145 current positions.
\n Nichols Portland, Inc. is investing<\/a> $4.7 million to expand its metal forming operations in Elk County \u2014 creating 42 new jobs and retaining 285 existing positions.
\n In Erie, the Commonwealth is investing<\/a> $9.5 million through the Redevelopment Assistance Capital Program (RACP) to support the Market House, a new 27,000-square-foot marketplace for local businesses and artisans.<\/p>\n

This year alone, through the PA SITES program, the Administration has invested<\/a> $113.6 million to prepare 29 shovel-ready sites for business growth statewide. Earlier this month, Area Development ranked Pennsylvania<\/a> among the Top 20 Best States for Business \u2014 and the only Northeastern state to make the list \u2014 citing its #1 ranking in Regional Economic Competitiveness by Site Selection Magazine.<\/p>\n

From cutting red tape to securing record-breaking investments<\/a> like Amazon\u2019s initial $20 billion AI and cloud computing campuses, Governor Shapiro\u2019s focus on competitiveness and results is delivering real growth and opportunity for Pennsylvania.<\/p>\n

Learn more about the Shapiro Administration\u2019s efforts to support Pennsylvania\u2019s workers and businesses and spur the economy in the Governor\u2019s 2025-26 budget proposal<\/a>at Governor Shapiro\u2019s Budget website<\/a> and discover how the Administration is creating economic opportunity<\/a> to build a stronger, more competitive economy for all Pennsylvanians. <\/p>\n

For more information about the Department of Community and Economic Development, visit DCED website<\/a>, and be sure to stay up-to-date with all of our agency news on Facebook<\/a>, X<\/a>, and LinkedIn<\/a>.<\/p>\n

MEDIA CONTACT:
Governor\u2019s Press Office, ra-gvgovpress@pa.gov<\/a>\n<\/p>\n

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