Northeastern Pennsylvania ranks in the top 10 for economic development

For the third year in a row, Northeastern Pennsylvania has been recognized as one of the top regions in the Northeastern United States for economic development.

As part of the Governor’s Cup Awards, produced annually by Site Selection Magazine, Penn’s Northeast compiled and submitted a list of economic development projects that met the criterion for consideration. The result moved the region 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.”

The magazine also ranked Pennsylvania as the second in the Northeast Region in number of projects and projects per capita.

Penn’s Northeast said the area’s strategic location, reliable utilities, and dedicated workforce coupled with its education network, helps the Northeast Pennsylvania region stand out from other areas of the country.

“The results show that Northeastern Pennsylvania continues to be a top location in the United States for companies looking to grow their business,” Augustine said. “We continue to experience unprecedented growth, not just in warehouse distribution, but also in manufacturing.”