The Commonwealth of Pennsylvania has the 17th largest economy in the world, and six out of 10 major U.S. market areas lie within a 500-mile radius of its capital, Harrisburg.

Within this radius lies access to vital markets that encompass:

• 40% of the U.S. population and purchasing power
• More than 60% of Canada's population
• 45% of U.S. manufacturers
• 41% of the nation's domestic trade and service industries
• Pennsylvania's work force numbers 6,299,000, and 82% have earned at least a high school degree

In addition, technology is a growing industry in Pennsylvania. Pennsylvania is home to 2,038 biosciences establishments (Pennsylvania Bio State of the Industry Report, 2004). Some additional points:

• 7th as a nanotechnology “hotspot” according to Small Times Magazine, 3-04.
• Pennsylvania, New York, New Jersey, and Connecticut Consolidated Metropolitan Statistical Area (CMSA) rated #1 for location of biotechnology companies (Brookings Report, 2003).
• 4th in industrial research and development funds in Pharmaceuticals (Milken 2004)
• 5th in number of Doctoral Scientists employed in the state (National Science Foundation)
• Greater Philadelphia is the 3rd most vibrant biosciences cluster in the U.S. (Milken, 2005)

According to the World Bank, World Development Indicators 2005 Pennsylvania is the 17th largest economy in the world with $450 billion Gross Domestic Product (GDP).

Information from:
http://www.newpa.com