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Penn’s Northeast proudly acknowledges role in contributing to this significant achievement.
Pittston, PA – For the fifth consecutive year, Northeastern Pennsylvania has been recognized as one of the top locations in the United States for economic development projects.
The prestigious Governor’s Cup Awards, produced annually by Site Selection Magazine, ranks the top regions in the United States based on completed economic development projects. The ranking highlights the region’s continued success in attracting and expanding businesses.
Penn’s Northeast, the regional economic development agency that includes Monroe County, played a key role in compiling and submitting a comprehensive list of qualifying projects that contributed to this recognition. This year, the region ranked in the Top 10 for both the number of projects and projects per capita.
“This is a competitive process that takes place across the country every year,” said John L. Augustine III, President/CEO of Penn’s Northeast. “Northeastern PA continues to be a region of choice for top companies and developers. 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-days drive from Northeastern Pennsylvania.
Companies continue to recognize this advantage as they need to get their products to market and consumers as quickly as possible.”
“In addition to our strategic location, reliable utilities, and dedicated workforce, our amazing education network makes Northeastern Pennsylvania a top-tier destination for business growth. The results show that companies looking to expand continue to choose our region as a prime location,” Augustine added. “We continue to experience unprecedented growth, not just in warehouse distribution, but also in manufacturing.”
Augustine further emphasized the region’s future prospects: “With ongoing infrastructure investments, and a strong collaboration between the public and private sectors, Northeastern Pennsylvania is well-positioned to remain a leader in economic development for years to come.”
Site Selection Magazine, produced by Conway Data, is a bi-monthly publication recognized as the leading source for corporate real estate, facility planning, location analysis, and foreign direct investment. The Governor’s Cup Awards are highly regarded within the industry and serve as a benchmark for regional economic success.
About Penn’s Northeast:
Penn’s Northeast is a public-private partnership dedicated to attracting quality employers to Northeastern Pennsylvania and strengthening the regional economy through new investments and job creation.
For more information about Penn’s Northeast, visit www.pennsnortheast.com or call 1.800.317.1313.