Governor Shapiro Announces $50M PA Innovation Program for Growth

Governor Shapiro's Bold Move to Boost Pennsylvania's Innovation Economy

Governor Josh Shapiro has been a driving force in making Pennsylvania a hub for economic and technological innovation, announced through a significant $50 million investment in the PA Innovation program.

The proposed budget for 2025-26 furthers this agenda, aiming to firmly establish Pennsylvania as a leader in innovation and job creation.

COATESVILLE, PA – Today, the Department of Community and Economic Development (DCED) Secretary Rick Siger visited local enterprises in Coatesville, Chester County, to spotlight advancements in technology and life sciences. This visit aligns with Governor Josh Shapiro's efforts to fuel economic growth via innovation, highlighted by the state's first major economic strategy in two decades.

The 2025-2026 budget outlines a strategic $50 million PA Innovation initiative, comprising a one-time $30 million funding to stimulate life sciences jobs and $20 million allocated annually for large-scale innovation support.

Secretary Rick Siger stated, “The success of technology and life sciences entrepreneurs is key to Pennsylvania’s economic growth in every region of our Commonwealth. Pennsylvania is open for business, and Governor Shapiro’s proposed PA Innovation program will continue to spur economic development, create jobs, and drive world-leading innovation.”

During his Coatesville tour, Secretary Siger visited prominent sites such as nth Solutions, LLC, the Chester County Economic Development Council’s Business Resource Center, and Coatesville City Hall, among others.

Senator Carolyn Comitta expressed enthusiasm, saying, “Coatesville is rising and with investments in economic development, job growth, innovation, transportation, and career and technical education, we’re going to keep the momentum building.”

Representative Dan Williams echoed this sentiment, stating, “I feel privileged to be a witness to the revitalization of Coatesville here in the 74th district. This city is defined by the hardworking community members that have been the catalyst for this awe-inspiring resurgence.”

Under Governor Shapiro's leadership, Pennsylvania has been propelled forward with a 'Get Stuff Done' approach, ensuring swift action and tangible results. The 2025-26 budget builds upon existing achievements to enhance economic opportunities and competitiveness across the state.

Key accomplishments during Governor Shapiro’s tenure include the launch of a comprehensive statewide economic development strategy focusing on industries like agriculture, energy, and robotics, securing $500 million to advance the PA SITES program, and introducing the Main Street Matters program.

• Developing a broad economic strategy targeting five sectors: agriculture, energy, life sciences, manufacturing, and technology.
• Allocating $500 million for expanding the PA SITES program to attract business to Pennsylvania.
• Initiating the Main Street Matters program with a $20 million investment to support local communities.
• Enhancing opportunities for minority-owned businesses through a $20 million investment in the Historically Disadvantaged Business Program.

Governor Shapiro's administration remains committed to fostering innovation and economic growth. For more details, explore the Governor’s 2025-26 Budget and his Budget website.

For a comprehensive look at the administration's progress, visit Governor Shapiro’s Accomplishments website or view the interactive midterm report.