According to a recent analysis by Moody’s Analytics, Pennsylvania stands as the only state in the Northeast experiencing economic expansion. The assessment, led by Moody’s Chief Economist Mark Zandi, identifies Pennsylvania among just 16 states nationwide where economic activity is growing, based on metrics including employment, industrial output, personal income, and housing starts.
Under Governor Josh Shapiro’s administration, Pennsylvania has implemented reforms aimed at improving competitiveness. These include reducing bureaucratic delays in permitting and licensing, streamlining approval processes, and launching the state’s first comprehensive economic development strategy in nearly 20 years. These efforts have contributed to attracting nearly $26 billion in private investment and generating over 13,200 well-paying jobs across the state.
In October 2025 alone, several major investments were announced:
Eos Energy Enterprises plans to relocate its headquarters from New Jersey to Pittsburgh with a $352.9 million investment, creating and preserving 1,000 jobs.
Mint-X will shift its manufacturing operations from New York to Luzerne County, investing $10.5 million and generating over 100 new positions.
Imperial Systems, Inc. is expanding its air filtration equipment production in Mercer County with an $8 million commitment, adding 47 full-time roles while maintaining 145 existing ones.
Nichols Portland, Inc. is investing $4.7 million to grow its metal forming operations in Elk County, creating 42 jobs and retaining 285 current employees.
Additionally, the state is allocating $9.5 million through the Redevelopment Assistance Capital Program (RACP) to develop the Market House in Erie—a 27,000-square-foot hub for local entrepreneurs and artisans.
The Shapiro Administration has also committed $113.6 million through the PA SITES program this year to prepare 29 ready-to-develop industrial sites across Pennsylvania. These initiatives have earned national recognition, with Area Development ranking the state among the Top 20 Best States for Business and Site Selection Magazine naming it the top performer in Regional Economic Competitiveness.
The administration’s focus on regulatory efficiency and strategic investment has helped position Pennsylvania as a destination for innovation and business growth, including securing Amazon’s $20 billion investment in AI and cloud computing infrastructure.
Further details on the state’s economic agenda can be found in Governor Shapiro’s 2025–26 budget proposal and through the Department of Community and Economic Development’s official channels.
— news from PA Department of Community & Economic Development (.gov)
— News Original —
NEW REPORT: Under Governor Shapiro’s Leadership, Pennsylvania Remains the Only State in the Northeast with a Growing Economy
Pennsylvania remains the only state in the Northeast with an economy that’s growing, according to the latest analysis from Moody’s Analytics. n nSince taking office, Governor Shapiro and his Administration have made Pennsylvania more competitive — cutting red tape, implementing transformative changes to permitting and licensing, and making strategic investments that have attracted nearly $26 billion in private sector investment, created more than 13,200 good-paying jobs, and expanded opportunity across the Commonwealth. n nAs of October 2025, states in green are expanding — and Pennsylvania is among just 16 states nationwide where the economy continues to grow. n nHarrisburg, PA – New analysis out today from Moody’s Analytics Chief Economist Mark Zandi confirms that Pennsylvania remains the only state in the Northeast with a growing economy, continuing a trend of economic leadership under Governor Josh Shapiro’s leadership. n nMoody’s new report found that Pennsylvania is among just 16 states nationwide where the economy continues to expand, based on state-level jobs data, industrial production, personal income, and housing starts. n nSince taking office, Governor Shapiro has made Pennsylvania more competitive — cutting permit and licensing backlogs, streamlining approvals, and launching the Commonwealth’s first economic development strategy in nearly two decades. These reforms have helped attract nearly $26 billion in private-sector investment and create more than 13,200 new jobs across the Commonwealth. n nIn October alone, the Governor and his Administration announced new investments that build on that growth: n nEos Energy Enterprises is investing $352.9 million to relocate its headquarters from New Jersey to Pittsburgh, creating and retaining 1,000 jobs. n nMint-X is investing $10.5 million to relocate manufacturing operations from New York to Luzerne County, creating over 100 jobs. n nImperial Systems, Inc. is investing $8 million to expand its air filtration equipment manufacturing operation in Mercer County — creating 47 new, full-time jobs and retaining 145 current positions. n nNichols Portland, Inc. is investing $4.7 million to expand its metal forming operations in Elk County — creating 42 new jobs and retaining 285 existing positions. n nIn Erie, the Commonwealth is investing $9.5 million through the Redevelopment Assistance Capital Program (RACP) to support the Market House, a new 27,000-square-foot marketplace for local businesses and artisans. n nThis year alone, through the PA SITES program, the Administration has invested $113.6 million to prepare 29 shovel-ready sites for business growth statewide. Earlier this month, Area Development ranked Pennsylvania among the Top 20 Best States for Business — and the only Northeastern state to make the list — citing its #1 ranking in Regional Economic Competitiveness by Site Selection Magazine. n nFrom cutting red tape to securing record-breaking investments like Amazon’s initial $20 billion AI and cloud computing campuses, Governor Shapiro’s focus on competitiveness and results is delivering real growth and opportunity for Pennsylvania. n nLearn more about the Shapiro Administration’s efforts to support Pennsylvania’s workers and businesses and spur the economy in the Governor’s 2025-26 budget proposalat Governor Shapiro’s Budget website and discover how the Administration is creating economic opportunity to build a stronger, more competitive economy for all Pennsylvanians. n nFor more information about the Department of Community and Economic Development, visit DCED website, and be sure to stay up-to-date with all of our agency news on Facebook, X, and LinkedIn. n nMEDIA CONTACT: n nGovernor’s Press Office, ra-gvgovpress@pa.gov n n# # #