Governor Shapiro's Strategy Spurs Pennsylvania's Economic Growth
Editorial StaffPennsylvania's Economy Flourishes Under Governor Shapiro’s Leadership
In a surprising twist among Northeastern states, Pennsylvania stands alone with a growing economy, attributed largely to Governor Josh Shapiro's strategic approach to economic development. The state has witnessed substantial private sector investments and job creation, fueling its economic engine.
Harrisburg, PA – Recent findings from the Pennsylvania Department of Community and Economic Development (DCED) highlight a significant economic upswing under Governor Shapiro. Since his tenure began, over $31.6 billion has been secured in private investments, resulting in the creation of more than 16,700 jobs across the Commonwealth.
The employment landscape in Pennsylvania has expanded by over 200,000 jobs, spanning 16 out of 20 industry sectors. These sectors include key areas identified in the Governor’s 10-Year Economic Development Strategy, such as manufacturing and energy.
Governor Shapiro expressed his enthusiasm, stating, “Pennsylvania is competing again — and we’re winning. From historic investments in site development to cutting red tape and recruiting companies to move and grow here, our strategy is working. We’ve brought in billions of dollars in private sector investment, created thousands of good-paying jobs, and made Pennsylvania one of the best places in the country to live, work, and build a business. The Commonwealth is open for business — and we’re just getting started.”
Economic competitiveness and governmental efficiency have been focal points since Governor Shapiro assumed office. Notable initiatives include Pennsylvania’s first comprehensive economic development strategy in two decades, reducing permit backlogs, and channeling $550 million into business site preparation and support for small businesses.
Moody’s Analytics Chief Economist Mark Zandi confirmed that Pennsylvania's economy continues to grow, setting it apart from its regional counterparts.
Governor Shapiro's reforms, including tax cuts and government modernization, have fostered an environment attractive to business. This is exemplified by the largest private-sector investment in the state’s history: Amazon’s $20 billion commitment to establish AI and cloud computing campuses, creating numerous tech and construction jobs.
DCED Secretary Rick Siger emphasized the collaborative nature of the success, stating, “Economic development is a team sport, and Pennsylvania is showing the country how to play to win. Our strategy is clear — invest in our strengths, build shovel-ready sites, and make government work faster and smarter for business. We’re delivering real results that create jobs and strengthen communities in every corner of the Commonwealth.”
The Governor’s 2025–26 budget proposal seeks to further this progress, proposing over $160 million in investments to bolster the 10-Year Economic Development Strategy and enhance the state’s competitive edge.
Understanding the Data
The DCED's analysis, using data from January 2023, was verified by the Governor’s BusinessPA team. This team is dedicated to facilitating business success in Pennsylvania through strategic partnerships and financial resources, ensuring both local and international companies can thrive.
For more information on the Shapiro Administration’s initiatives to support Pennsylvania’s economic landscape, visit the Governor’s 2025-26 budget proposal or explore Governor Shapiro’s Budget website to discover how the Administration is creating economic opportunity for a more competitive Pennsylvania.
