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Philadelphia Welcoming PGA TOUR Truist Championship

More than 70 of the PGA TOUR’s top golfers, including big names like Rory McIlroy, Scottie Scheffler, and Collin Morikawa, will be in Philadelphia next month, May 7 to 11, 2025, to compete in the prestigious 2025 Truist Championship  at the acclaimed Philadelphia Cricket Club’s Wissahickon course in Montgomery County, Pa.

The 2025 Truist Championship’s Philadelphia location is part of Truist Financial Corporation’s (Truist’s) deal with PGA TOUR as the championship’s new […]

April 18th, 2025|Categories: Economy, Grow PA, Home | News & Perspectives 2, Select Greater Philadelphia|Comments Off on Philadelphia Welcoming PGA TOUR Truist Championship
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Advancing an Innovation Strategy for the Commonwealth

As budget negotiations heat up over the next few weeks, legislators from both sides of the aisle in Harrisburg have expressed support for additional resources for ideas and organizations that grow innovation, entrepreneurship, and jobs. Legislative leaders such as Reps. McClinton, White, Solomon, Bradford, Gaydos, Oberlander, and Sens. Aument, Phillips-Hill, Mensch, and Majority Leader Ward championed pro-growth policies this session.

While funding for these programs will likely be incremental, we believe a hearty seed has been planted for the next Administration and General Assembly to develop and advance an innovation strategy for the Commonwealth of Pennsylvania. From advances in the life […]

June 21st, 2022|Categories: Advocacy, Grow PA, Home | News & Perspectives 3, State|Comments Off on Advancing an Innovation Strategy for the Commonwealth
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Continuing the Conversation Around Pennsylvania’s Innovation Economy

Last week, Grow PA met with members of the York County Economic Alliance and Brookings to discuss what’s happening around innovation in that part of the Commonwealth. It was a great discussion by a group of business and civic leaders, entrepreneurs, and venture capitalists about home-grown success stories that are driving growth in York and surrounding counties.

One of the initiatives discussed was the Bloom Small Business Development Program. The effort offers resources for future/existing business owners in various areas and includes resources to help businesses with their pitch to prospective clients, funders, and […]

May 17th, 2022|Categories: Advocacy, Economy, Grow PA, Home | News & Perspectives 3, Regional Updates, State|Comments Off on Continuing the Conversation Around Pennsylvania’s Innovation Economy
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How Meaningful Tax Reform Attracts Innovative Companies

In January, Intel announced plans for an initial investment of more than $20 billion in the construction of two new leading-edge chip factories in Ohio. Site selectors and real estate professionals say one of the primary reasons Pennsylvania was not even considered is its Corporate Net Income (CNI) tax rate.

Few issues draw as much attention as a state’s tax climate for companies seeking to locate or expand operations. At 9.99 percent, Pennsylvania has the unfortunate distinction of having the country’s second-highest Corporate Net Income tax (Ohio’s is zero). The state’s disproportionately high CNI serves as a major red flag to […]

April 19th, 2022|Categories: Advocacy, Economy, Grow PA, Home | News & Perspectives 3, State|Comments Off on How Meaningful Tax Reform Attracts Innovative Companies
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Recharge & Recover PHL Updates – Strengthening Advocacy Efforts

At the height of the Coronavirus pandemic, the Chamber’s Recharge & Recover initiative partners rallied around short-term actions critical to recovery in a focused, cross-industry approach. Advocacy at the federal, state, and local levels focused on necessary funding, tax credits, grants, and loans that would enable businesses to remain viable participants in our regional economy.

While advocacy remains at the forefront of our work as a Chamber and as a business community at large, our efforts have become more broadly applicable and proactive instead of responding to the immediate needs in the business and civic communities.

Our federal legislative affairs, efforts throughout […]

March 23rd, 2022|Categories: Advocacy, Economy, Grow PA, Home | News & Perspectives 2, State|Comments Off on Recharge & Recover PHL Updates – Strengthening Advocacy Efforts
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Building Innovation Opportunities Throughout The Commonwealth

In 2019, Brookings released a report that compared Pennsylvania’s innovation economy to other states in the nation. The findings are well known. Pennsylvania’s investment in innovation falls flat compared to other parts of the county.

In 2022, Brookings is beginning work on a new report about Pennsylvania’s innovation economy, but this time focusing on the Commonwealth’s strengths and ideas about what can be done to grow those “green shoots” of opportunity.

The Chamber and its Grow PA coalition of 75+ local Chambers of Commerce in partnership with Penn State University are conducting an advocacy campaign […]

March 15th, 2022|Categories: Advocacy, Grow PA, Local, State|Comments Off on Building Innovation Opportunities Throughout The Commonwealth
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Governor’s Budget Calls for Increase in Innovation Funding

On February 8th, Pennsylvania Governor Tom Wolf presented his last budget address to the Commonwealth. While the Governor’s FY 2022-2023 budget is simply a blueprint to begin the tough negotiations that will take place this spring in the General Assembly, language was included that provides a good start towards incremental progress in advancing an innovation agenda for Pennsylvania.

Below is a statement that was shared with the General Assembly by Grow PA to express support for investment in innovation, particularly those efforts outside of our major metropolitan areas of Greater Philadelphia and Greater Pittsburgh. Please share your support with your […]

February 15th, 2022|Categories: Advocacy, Economy, Grow PA, State|Comments Off on Governor’s Budget Calls for Increase in Innovation Funding
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Championing Pennsylvania’s Innovation Economy by Forming Innovation Centers

The Commonwealth has historically been an innovation leader, and Pennsylvania retains a stable of effective, scalable innovation assets. This includes a robust university system that generates significant R&D, as well as a set of capable technology-based economic development programs that operate across the state. However, in recent years, Pennsylvania’s innovation economy has gone flat, and the state has scaled back public investment in its most significant innovation resources. As a result, Pennsylvania’s innovation economy now faces a set of discrete challenges.

In 2022, Grow PA is promoting the formation of innovation centers for specific economic sectors, each tethered to a research university well […]

January 14th, 2022|Categories: Advocacy, Economy, Grow PA, State|1 Comment
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Championing Pennsylvania’s Innovation Economy by Strengthening Business Research & Development

Last week, the Pennsylvania Senate passed a bill we are championing to strengthen business Research & Development (R&D) in the state. Senate Bill 706, introduced by state Senator Devlin Robinson, leverages expertise in industry and state-related research institutions by creating public-private partnerships that attract high-tech industries for advanced manufacturing. The legislation is part of our overarching strategy to advance an innovation agenda in Pennsylvania this session.

R&D is a significant source of economic growth. In addition to generating new knowledge, R&D has various positive economic effects: it boosts productivity and increases the likelihood that startups will survive to grow their hiring.

According […]

December 21st, 2021|Categories: Advocacy, Grow PA, State, Talent and Workforce|Comments Off on Championing Pennsylvania’s Innovation Economy by Strengthening Business Research & Development
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Proposals to Improve Pennsylvania’s Innovation Economy

Building on the superb conversations we had virtually last year around the Commonwealth regarding economic growth, talent, and innovation, Grow PA is working to advance an innovation strategy for the Commonwealth this legislative session. With your input and expertise, we will move these ideas into concrete legislative proposals in 2022.

As we previously reported, Pennsylvania’s innovation economy now faces a significant set of challenges, including the absence of a comprehensive state innovation strategy, below-industry R&D that has stagnated in recent years, and reduced investment in state resources for early-stage companies. While other states are advancing in innovation, Pennsylvania is missing out […]

November 15th, 2021|Categories: Grow PA, State|Comments Off on Proposals to Improve Pennsylvania’s Innovation Economy
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