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Gov. Josh Shapiro, center, and DCED Secretary Rick Siger, left, spoke of job creation in Pennsylvania. PHOTO/PACAST
Pa. confirmed as lone Northeast state with growing economy
Ed Gruver//October 28, 2025//
Listen to this articleMoody’s Chief Economist Mark Zandi confirmed recently that Pennsylvania remains the lone Northeast state with a growing economy.
Previously known as Moody’s Analytics, Moody’s is a subsidiary of Moody’s Corporation and provides economic research.
New data from the Pennsylvania Department of Community and Economic Development (DCED) reveals that more than $31.6 billion has been secured in private sector investments and over 16,700 jobs created since the start of the Shapiro Administration.
“Economic development is a team sport, and Pennsylvania is showing the country how to play to win,” DCED Secretary Rick Siger said in a statement. “Our strategy is clear — invest in our strengths, build shovel-ready sites, and make government work faster and smarter for business. We’re delivering real results that create jobs and strengthen communities in every corner of the commonwealth.”
Employment in Pennsylvania has grown by more than 200,000 jobs since Gov. Josh Shapiro took office, with job growth across 16 of 20 industry sectors, including manufacturing, energy, life sciences, robotics, and agriculture, per the data.
“Pennsylvania is competing again — and we’re winning,” said Shapiro. “From historic investments in site development to cutting red tape and recruiting companies to move and grow here, our strategy is working. We’ve brought in billions of dollars in private sector investment, created thousands of good-paying jobs, and made Pennsylvania one of the best places in the country to live, work, and build a business. The commonwealth is open for business — and we’re just getting started.”
Pennsylvania has gained the title of #1 State in the Northeast for Regional Economic Competitiveness from Site Selection Magazine, and is ranked among the Top 20 Best States for Business by Area Development, and recognized by Business Facilities Magazine as a Top State Economic Development Organization for 2024.
