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Shapiro Administration Boosts Innovation Economy with $125M Investment
Developing
In Short: The Shapiro administration has allocated $125 million through the Innovate in PA 2.0 program to support Pennsylvania's innovation economy, highlighting the state's long-standing role in innovation and technology.
The Shapiro administration has committed $125 million through the newly created Innovate in PA 2.0 program to bolster Pennsylvania's innovation economy, as detailed by the PA Department of Community & Economic Development (.gov).
This strategic investment underscores Pennsylvania's position as a national leader in innovation, research, and technology, according to DCED Secretary Rick Siger. The Commonwealth has been pivotal in transitioning robotics technology to commercialization, resulting in significant economic benefits for the region, as noted by Herman Herman, director of NREC.
Innovate in PA 2.0 aims to strengthen the innovation economy by supporting entrepreneurs and fostering new opportunities for job creation and sustainable growth, according to Representative Lindsay Powell. Under Governor Shapiro's leadership, the state has seen major expansions by companies such as Braun and GSK, bringing new jobs and investments in research and development.
Strategic investments in the past, like those 30 years ago, have been crucial in Pennsylvania's success in commercializing robotics technology, generating billions of dollars in economic impact. This new initiative builds on that legacy, positioning Pennsylvania as a key player in the innovation economy.
Background
Pennsylvania, officially the Commonwealth of Pennsylvania, is a state located in the Mid-Atlantic, Northeastern, Appalachian, and Great Lakes regions of the United States.
What's confirmed
What's still developing
- The 2026-27 budget signed by Governor Josh Shapiro invests $125 million through the newly created Innovate in PA 2.0 program.
- Under Governor Shapiro’s leadership, the Commonwealth has become a national leader on economic development, is the only state in the Northeast with a growing economy, and is the region’s top state for business…
- “Pennsylvania has long been a national leader in innovation, research, and technology,” said DCED Secretary Rick Siger.
- “Strategic investment by the Commonwealth 30 years ago was pivotal to our success in transitioning robotics technology to commercialization, resulting in several billions of dollars in net economic impact to the…
- “Innovate in PA 2.0 is an investment that strengthens Pennsylvania’s innovation economy by supporting entrepreneurs and creating new opportunities for good jobs and sustainable growth,” said Representative Lindsay…
- Braun, and GSK have announced major expansions in Pennsylvania under Governor Shapiro’s leadership, bringing new jobs and investments in research and development into the Commonwealth.