Towards a 21st Century Pennsylvania Economic Development Strategy

Keystone Research Map: Look up where business subsidies are being invested in communities across the state.

OVERVIEW

The deep recession and high unemployment, coupled with the forthcoming gubernatorial transition, offer a chance for Pennsylvania to implement an updated strategic approach to stimulating economic growth. Two new reports from the Keystone Research Center (KRC) provide an overview and assessment of current programs in Pennsylvania that aim to create jobs and promote economic growth. These reports point to the need to strengthen disclosure, accountability, and targeting—to companies with good jobs in industries and places that make sense—when the state gives out subsidies to individual businesses to create jobs. KRC’s reports also point to the need to focus state economic development dollars on “growing Pennsylvania’s own” businesses and on investments that benefit multiple companies in key industry clusters, not just one company. Economic development investments that will deliver a high return on investment include traditional public goods (such as infrastructure and education) as well as “21st century” public goods such as industry training partnerships, technology and innovation initiatives by industry groups, and broad-band infrastructure. KRC’s newest report shows that the targeting of Pennsylvania business subsidies to places that make sense has improved since 2003—strengthening disclosure and targeting provides an opportunity to build on success and lock-in smart growth for the future.


MAKING SMARTER STATE INVESTMENTS


Making Smarter State Investments: The Geographic Distribution of Business Subsidies in Pennsylvania

Authors: Dennis Bellafiore, Maria Cristina Herrera, Stephen Herzenberg

Release Date: June 9, 2010

Listen to a podcast of June 9, 2010 conference call with reporters.


Download an MP3 of this podcast.

Press Release

Keystone Research Map: Look up where business subsidies are being invested in communities across the state

 

Metro Reports: Making Smarter State Investments

Erie   |   Reading   |   Harrisburg-Lebanon-Carlisle   |   Philadelphia    |   Scranton-Wilkes Barre-Hazleton   |   Pittsburgh

Pittsburgh (excluding Armstrong County)   |   Lancaster   |   York   |   Lehigh Valley   |    Lehigh Valley (excluding Carbon County)

 


GOOD JOBS, STRONG INDUSTRIES, A BETTER PENNSYLVANIA

 

 

Good Jobs, Strong Industries, a Better Pennsylvania: Towards a 21st Century State Economic Development Policy

Authors: Maria Cristina Herrera, Stephen Herzenberg, Michael Wood

Release Date: March 16, 2010

Press Release

Media Coverage

Video of March 16 Press Conference

 

 

 

 

 

Follow this link to view all of the Keystone Research Center's work on Economic Development Accountability