01/10/2025 | Press release | Distributed by Public on 01/10/2025 12:41
Over the last two years, the Shapiro Administration has successfully competed for business, made strategic investments in key sectors of the Commonwealth's economy, and implemented transformative changes to the permitting, licensing, and certification processes to ensure Pennsylvania moves at the speed of business.
Governor Shapiro is focused on getting even more stuff done - positioning Pennsylvania as a national leader in innovation, job creation, and economic development - while building on the successes of his first two years in office.
Philadelphia, PA - Today, Governor Josh Shapiro and Department of Community and Economic Development Secretary Rick Siger visited life sciences company Adare Pharma Solutions to highlight the Shapiro Administration's success in securing over $3 billion in private sector investments and creating more than 4,700 jobs since taking office. Last year, Pennsylvania's investment in Adare enticed the life sciences company to relocate from New Jersey to Philadelphia - creating 115 new well-paying jobs, retaining 200 existing positions.
"My Administration is focused on driving economic growth to create real opportunity for Pennsylvanians. Pennsylvania is open for business, and I'm committed to bringing people together to spur economic development, create jobs, and drive innovation all across our Commonwealth," said Governor Shapiro. "From cutting red tape to launching our first Economic Development Strategy in nearly two decades, we've laid a solid foundation for continued success in the state. Pennsylvania is showing the nation how we get stuff done and deliver real results - and we're just getting started."
"Access to a highly skilled talent pool and key markets is critical for us, and the Philadelphia area provides exactly what we need. That's why we're relocating to Pennsylvania and expanding our facilities in Philadelphia," said Tom Sellig, CEO of Adare. "Pennsylvania is truly a life sciences hub, and the Shapiro Administration, along with the Philadelphia Chamber of Commerce, has been instrumental in helping us - as they have for many companies like ours."
"As we look to the future, it's clear that investing in companies like Adare is not just important - it's essential," said Yogini Patel, packaging supervisor at Adare. "Organizations like ours drive advancements in healthcare, improve patient adherence, and create solutions that have a global impact. Supporting companies that prioritize innovation and quality ensures we continue to deliver value not just to our industry, but to society as a whole."
From day one, Governor Shapiro has worked to spur economic development in Pennsylvania, creating the first Economic Development Strategy in nearly two decades, securing historic funding for site development, main streets, small businesses, and more, and speeding up the Commonwealth's permitting, licensing, and certification processes. As a result, the Shapiro Administration has secured over $3 billion in private sector investment in Pennsylvania, created over 4,700 jobs, and achieved a historically low unemployment rate below the national average.
"Governor Shapiro and I have focused on creating economic opportunity for all Pennsylvanians by investing in resources that will empower our workforce and businesses," said DCED Secretary Siger. "We're making strategic investments in every corner of our Commonwealth and will continue to get stuff done that will spur innovation, create jobs, support our communities, and invest in Pennsylvania's bright future."
Strategic Investments Across Key Sectors
Last year, Pennsylvania launched its first statewide Economic Development Strategy and the Governor's 2024-25 bipartisan budget made significant investments aligned with the ten-year economic strategy, focusing on five key industries: agriculture, energy, life sciences, manufacturing, and robotics and technology. Key investments over the last two years include:
Competing and Winning for Pennsylvania
Governor Shapiro has successfully competed against other states to bring business to the Commonwealth, including:
Transforming Government to Drive Economic Growth
The Shapiro Administration has made significant strides in modernizing government services to support economic development and make government move at the speed of business, including:
Advancing Pennsylvania's Manufacturing and Tech Sectors
Governor Shapiro and his Administration has secured hundreds of millions in private sector investments to strengthen Pennsylvania's manufacturing and technology industries, including:
Supporting the Agriculture and Food Industries
The Shapiro Administration has also focused on bolstering Pennsylvania's agriculture and food sectors:
Expanding Life Sciences and Biomedical Industries
The Shapiro Administration has supported significant investments to expand Pennsylvania's life sciences and biomedical industries, including:
Broadening Opportunities and Support for All Businesses
The Shapiro Administration has prioritized expanding opportunities and support for minority-owned businesses, including:
Governor Shapiro: Two Years of G-S-D
As Governor Shapiro marks two years in office, his Administration remains committed to driving innovation, fostering economic growth, and advancing workforce development. By investing in businesses, communities, and Pennsylvania workers, the Shapiro Administration is positioning the Commonwealth as a global economic development leader and expanding economic opportunity for all Pennsylvanians.
Visit Governor Shapiro's Accomplishments website to explore the Administration's interactive midterm report and download a detailed PDF overview of accomplishments.
For 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.
MEDIA CONTACT:
Governor's Press Office, [email protected]