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Why choose the
Commonwealth of Pennsylvania? |
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Pennsylvania Gross State Product (GSP) is
US$468bn. In world GDP rankings this would
place them 17th, with a larger economy than
countries such as Sweden, Belgium,
Switzerland and Saudi Arabia.
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Pennsylvania is the second largest foreign
direct investment location in the U.S.
and offers a springboard to
the world's largest financial centre, New York
City, and the US regulatory centre, Washington
DC, at a fraction of the cost of those
cities.
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Six out of ten major US market areas lie
within an 800km radius of Pennsylvania’s
capital Harrisburg.
Within this radius lies access to vital
markets that encompass 40% of the US
population & 60% of Canada’s population. The
state also accounts for 45% of US
manufacturers & 41% of US domestic trade &
service industries.
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Governor Ed Rendell’s $2.8 billion economic
stimulus package, the most comprehensive in
the US, and his ongoing commitment to
encourage and support economic development,
particularly in areas of new technology and
higher value add operations are now clearly
showing results. This has allowed the
Governor’s Action Team to create a powerful
toolbox of grants, loans and tax credits
which have been successfully leveraged to
attract over $8.1 billion in private sector
investments.
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