For the third consecutive year, Northeastern Pennsylvania was recognized as one of the best locations in the Northeast U.S. for economic development projects.
The Governor’s Cup Awards, produced annually by Site Selection Magazine, records the top regions in the United States based on completed economic development projects.
Penn’s Northeast compiled and submitted a list of all projects that met the criteria as outlined by the publication.
This year the region moved up in the rankings.
“This is a competitive process that takes place across the country every year,” said Penn’s Northeast President, John L. Augustine III. “There’s no question our location continues to be one of the strongest selling points. You can reach one-third of the United States and half of Canada in a one-day drive from Northeastern Pennsylvania. Companies continue to recognize this as they need to get their products to market and consumers as quickly as possible.”
In addition to the region’s strategic location, reliable utilities, and dedicated workforce coupled with an amazing education network, our region continues to stand out amongst many other areas of the country, he said.
The results show that Northeastern Pennsylvania continues to be a top location in the United States for companies looking to grow their business.
“We continue to experience unprecedented growth, not just in warehouse distribution, but also in manufacturing,” Augustine said.
Conway Data, the world’s oldest, most comprehensive economic development consulting firm, produces a bi-monthly expansion planning publication called Site Selection.
The award-winning magazine is recognized as the leading publication in corporate real estate, facility planning, location analysis and foreign direct investment.
Penn’s Northeast is a public/private partnership whose goal is to attract quality employers to Northeastern PA and enhance the region’s economy through new investments, and job creation.
Penn’s Northeast was created in 2002 by a coalition of private business leaders, utility companies, local economic development organizations, chambers of commerce, and governments to promote Northeastern Pennsylvania and its collective assets to the world.
Penn’s Northeast’s goal is to attract quality employers to Northeastern Pennsylvania by acting as an easy one- stop-shop for businesses looking to expand or locate to our region.
Their mission is to promote the region as a whole by raising awareness, stimulating interest, fostering relationships, and marketing Northeastern Pennsylvania to site selection consultants, real estate brokers, developers, and businesses while acting as a liaison between local development partners, the Commonwealth of Pennsylvania, and the companies seeking new facilities.
As the first point of contact, Penn’s Northeast promptly provides regional information to potential prospects by identifying buildings or sites, supplying demographic and workforce data, creating connections with economic development groups and workforce partnerships, and organizing site tours in Northeastern Pennsylvania.