Gov. Shapiro Unveils 10-Year Economic Plan

Standing alongside Pennsylvania’s public and private sector leaders – including PA Chamber President and CEO Luke Bernstein – Gov. Josh Shapiro last Tuesday announced the first comprehensive statewide economic development plan for Pennsylvania in nearly two decades. The initiative aims to leverage the state’s strengths and bolster its economy, addressing challenges such as workforce shortages and economic development incentives.

“The plan we’re unveiling today is a game-changer for Pennsylvania,” Shapiro said in his announcement. “For too long, Pennsylvania’s neighboring states have invested and focused on economic development while our Commonwealth has lacked a targeted game plan and serious investment. With this plan, for the first time in nearly two decades, Pennsylvania has a serious economic development strategy.”

Governor Shapiro emphasized the need for strategic investments to compete with neighboring states in attracting businesses. He proposed allocating funds to develop commercial and industrial sites, revitalize the workforce, and enhance economic incentives.

Bernstein spoke during the announcement, emphasizing the business community’s readiness to collaborate in making Pennsylvania a top destination for business.

“The business community stands ready to work with the governor, his administration, and the legislature toward the shared goal of making Pennsylvania the most competitive state in the country to do business,” Bernstein said.

“As we look to the future, Pennsylvania must make aggressive investments in economic development,” DCED Secretary Rick Siger said. “Our competition has long been committed to investing in sustaining growth, jobs, and innovation – and those efforts have allowed them to surpass Pennsylvania for far too long. But we’re no longer accepting the status quo and hiding from these challenges.”

The administration’s plan targets five key industries – agriculture, energy, life sciences, manufacturing, and robotics and technology – as pillars of Pennsylvania’s economic growth. Governor Shapiro highlighted the importance of these sectors in driving innovation and creating high-wage jobs.

The 10-year strategy reflects a collaborative effort involving input from various sectors, underscoring a shared commitment to advancing Pennsylvania’s economic prosperity. You can read the full plan here.


Founded in 1916, the Pennsylvania Chamber of Business and Industry is the state's largest broad-based business association, with its membership comprising businesses of all sizes and across all industry sectors. The PA Chamber is The Statewide Voice of BusinessTM.