In late December, Governor Josh Shapiro spoke about his administration’s plans to make Pennsylvania more economically competitive, attracting more businesses and creating good-paying jobs.
Shapiro secured more than $3 billion in private sector investments to drive growth in industries like agriculture, energy, life sciences, manufacturing, and technology, a press release said, noting that the Governor launched the Commonwealth’s first Economic Development Strategy in nearly two decades in January 2024. The ten-year plan includes goals to spur innovation, invest in growth, and open doors of opportunity for all Pennsylvanians.
In the 2024-25 bipartisan budget, Governor Shapiro secured more than $550 million in new funding for economic development, including $500 million for site development, $20 million for the Main Street Matters program to support small businesses and commercial corridors, $20 million in state funding for small minority-owned businesses in Pennsylvania, and $15 million for tourism marketing to boost our economy, attract more visitors, and support good-paying jobs
The video is below. The transcript can be found here.
Since I took office, we've added 130,000 jobs, secured $3 billion in new private sector investments, and launched our first statewide economic development strategy in 20 years.
Pennsylvania is competing again — and in 2024, we're winning. pic.twitter.com/Oe2aG0YAvW
— Governor Josh Shapiro (@GovernorShapiro) December 20, 2024
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