At a pivotal moment for Pennsylvania’s economy, more than $92 billion in private-sector investment was unveiled this month in Pittsburgh, as U.S. Senator Dave McCormick led an Energy and Innovation Summit at Carnegie Mellon University featuring leading CEOs from around the world and top government officials, including President Trump and members of his cabinet. This landmark announcement signals a new era of opportunity for American enterprise and positions Pennsylvania as a global leader in energy, technology, and innovation.
From data centers and AI infrastructure to advanced energy generation and grid modernization, these investments are more than just numbers—they represent a transformational shift in how Pennsylvania competes on the world stage.
A Surge of Opportunity for Small Business
Some exciting facts shared at the summit – these multi-billion-dollar projects will generate tens of thousands of jobs, inject capital and investment into communities across Pennsylvania, create new supply chain demands, and open doors for businesses of all sizes, including small businesses who have opportunities to support everything from construction and logistics to cybersecurity, workforce training, professional services, hospitality, and clean energy services. This wave of investment is a call to action: Pennsylvania is open for business—and we’re just getting started.
Highlights of the Investment Surge:
- $25B from Blackstone for data and energy infrastructure in Northeast PA—9,000 jobs.
- $15B from First Energy to modernize the grid across 56 counties.
- $6B from CoreWeave for a new data center in Lancaster—775 jobs.
- $3B from Capital Power to upgrade a gas facility in Shamokin Dam.
- $15B from PA Data Center Partners to build a 1.3 GW data campus near Carlisle.
- $6.8B from PPL Corporation for grid upgrades and 3,400 new jobs.
These are just a few of the 20+ major announcements that will ripple across every corner of the state.
Bipartisan Leadership Delivers
Senator McCormick’s leadership in convening this summit and championing Pennsylvania as a hub for innovation has been instrumental in catalyzing this momentum. And Governor Josh Shapiro and industry leaders’ bipartisan approach to building a more competitive climate also sends a clear message to investors in future-focused industries: Pennsylvania is united in its vision for economic growth and energy leadership.
As Senator McCormick stated, “To have a leadership position, we need to show a unified front. That’s the only way to win.” Governor Shapiro echoed this sentiment, calling Pennsylvania “on the rise.”
The PA Chamber is proud to stand shoulder-to-shoulder with Senator McCormick and other public and private sector partners in welcoming these companies to the Commonwealth and helping small businesses seize the opportunities ahead.
From permitting reform to workforce development, we’re also focused on removing barriers and building bridges so that every business—large or small—can thrive in this new era.
The Future Starts Now
This is more than a summit. It’s a signal to the world that Pennsylvania is ready to lead. With over $90 billion in new investment, a skilled workforce, and a collaborative spirit, we are building the foundation for long-term prosperity.