Pennsylvania Department of Community & Economic Development

With fresh talent continuing to launch innovative new technology ventures across Pennsylvania, we’re making strategic investments through our partners to support their success Through the Ben Franklin Technology Development Authority (BFTDA), the Commonwealth has awarded $1.5 million to two venture capital firms, who will invest the funds in early-stage tech companies statewide. This investment will fuel growth in key sectors like health care tech and SaaS, to help ensure that companies big and small can bring their business ideas to life. Learn more: https://lnkd.in/gzKZzUcv #PAGetsItDone 

We’re ready for our close-up! 🎥 #PAGetsItDone https://lnkd.in/gnFHhGKS 

A $6.5 million Redevelopment Assistance Capital Program (RACP) grant is jumpstarting the construction of Penn State Erie, The Behrend College’s Center for Manufacturing Competitiveness.  The Center will serve as the anchor of Project RESOLVE — the University’s visionary initiative to lead Erie’s transition to sustainable, cutting-edge manufacturing. Discover more about how the Center will impact Pennsylvania’s manufacturing industry, from research and workforce development to innovative labs and testing facilities: https://lnkd.in/ebs-2guf #PAGetsItDone 

Pennsylvania is setting a new standard in economic development with the launch of the groundbreaking PA Permit Fast Track Program—the first of its kind in the nation. Set to streamline the permitting process for major economic development and infrastructure projects, this initiative enhances transparency, speeds up timelines, and strengthens the Commonwealth’s competitiveness. With transformative projects like Philadelphia’s Bellwether District already benefiting from Fast Track, the Shapiro administration is making sure that #PAGetsItDone. Read more: https://lnkd.in/gQbwzASs

Pennsylvania’s semiconductor industry is firing on all circuits! Powerex Inc., a leading supplier of high-power semiconductors, announced a $14 million expansion in Westmoreland County. This investment will double Powerex’s module assembly capacity and grow its reliability center, further securing Pennsylvania’s position as a key player in sectors like advanced manufacturing, energy, and robotics. Find out more about the project: https://lnkd.in/gE4Smc-w   #PAGetsItDone 

Business moves fast in Pennsylvania. Skip the FOMO and subscribe to the BusinessPA newsletter to make sure you’re in the know on all things economic development throughout the Commonwealth! Our first edition drops tomorrow. Sign up now to receive a free one-pager on PA’s competitive tax incentives! https://lnkd.in/gT34ivff #PAGetsItDone

Pennsylvania is enhancing infrastructure and workforce readiness across the Commonwealth, giving PA an edge in attracting major economic projects. Positioned as a top destination for business and backed by a new economic development strategy and a $400 million commitment to site development through the PA SITES Program, communities like Horsham Township exemplify this growth, offering a thriving environment with state-of-the-art business parks, access to a strong workforce, and a high quality of life. Discover how Pennsylvania is cultivating a thriving business ecosystem and vibrant communities from Business Facilities magazine: https://lnkd.in/gerVi7iE   #PAGetsItDone 

We’re doubling down on manufacturing growth here in Pennsylvania. The Shapiro administration announced a $2M investment to support the growth of Joseph Machine Company through the Redevelopment Assistance Capital Program (RACP), enabling the York County-based firm to expand operations by 150,000 square feet and create up to 150 jobs. Founded over 30 years ago, Joseph Machine Company is a leader in custom machinery manufacturing, serving industries like automotive, aerospace, energy, and renewable power. This expansion will help strengthen our manufacturing sector while growing family-sustaining careers for Pennsylvanians. Find out more: https://lnkd.in/gMHgNfmf 

The future of healthcare is being written right here in Pennsylvania. With a strong foundation in data-driven healthcare, connected devices, and the development and manufacturing of next-generation therapeutics, Pittsburgh is poised to shape the next several decades of human health innovation. Read TEConomy Partners' study on how a rich history of crafting solutions in the medical sector has positioned the region as a global industry hub.  https://lnkd.in/gNnvSmbF #PAGetsItDone 

With a strategic investment of nearly $600 million to fund over 400 transformative projects throughout the Commonwealth, we’re doubling down on our commitment to economic development and community revitalization here in Pennsylvania. Through the Redevelopment Assistance Capital Program (RACP), the Shapiro administration is supporting continued business growth, job creation, and economic prosperity. This funding will focus on modernizing critical infrastructure, supporting workforce development, and further establishing our communities as ideal markets for continued investment. Pennsylvania is open for business, and the future has never looked brighter.  Find more details on the RACP grant awards: https://lnkd.in/gf4TZdCE   #PAGetsItDone