The Chamber of Commerce for Greater Philadelphia (the Chamber) is playing a pivotal role in bolstering the Greater Philadelphia region’s manufacturing industry through the support of business attraction and expansion in the sector, aligning with Pennsylvania Governor Josh Shapiro’s ambitious 10-year state Economic Development Strategy. Unveiled on January 30, 2024, this state strategy emphasizes manufacturing as one of the five high-growth, high-value sectors where Pennsylvania holds a profound competitive advantage and can expect significant growth over the next decade.
Governor Shapiro’s strategy outlines five strategic goals to drive Pennsylvania’s economic growth: investing in economic growth, accelerating job creation, making government work at the speed of business, opening doors of opportunity for all Pennsylvanians, and building vibrant and resilient regions. The Chamber is committed to supporting these goals in advancing and supporting the region’s economic vitality.
Chamber’s Initiatives and Support for Sector
The Chamber has been actively involved in several initiatives to support and expand the manufacturing industry in Greater Philadelphia:
Business Attraction and Expansion: Business Attraction and Expansion: The Chamber has been instrumental in attracting and supporting the growth of major manufacturing companies in the region. For instance, the Chamber recently assisted Alstom, a global leader in smart and sustainable transportation technology, in opening a new project office in Philadelphia. Additionally, the Chamber supported Adare Pharma Solutions, a Chamber member and global leader in pharmaceutical development and manufacturing, in relocating its headquarters to Philadelphia.
Strategic Partnerships: Collaborating with regional economic development partners, the Chamber ensures that businesses have the resources and support they need to thrive. This includes facilitating connections between manufacturers and local research institutions, which are vital for innovation and growth.
Advocacy and Policy Support: The Chamber advocates for policies that create a favorable business environment for manufacturers. This includes supporting Governor Shapiro’s budget proposals, which allocate significant investments in site development, small business support, and innovation funding.
Workforce Development: Recognizing the importance of a skilled workforce, the Chamber supports initiatives that provide training and development opportunities for workers in the manufacturing sector. This ensures that the region’s workforce is equipped to meet the demands of modern manufacturing.
Looking Ahead
As Greater Philadelphia continues to grow as a manufacturing hub, the Chamber remains dedicated to fostering an environment that supports business expansion and innovation. By aligning with Governor Shapiro’s economic development strategy, the Chamber is helping to create jobs, spur innovation, and strengthen the region’s competitive position in the global economy.
For more information on how the Chamber supports the manufacturing industry and other sectors, and to learn how the Chamber can support your company’s growth in Greater Philadelphia, visit our website or contact James Medaglio, Director of Business Attraction and Expansion, at jmedaglio@chamberphl.com.
