Whether you are seeking new opportunities or a change of scenery, the Keystone State offers many advantages for businesses. According to its state government, Pennsylvania is accessible by car to 40% of the U.S. population and 60% of Canadians. Moving to Pennsylvania puts businesses in a prime location to attract both customers and employees.
Relocating a business is a significant undertaking. So when considering a move to Pennsylvania, there are key aspects to bear in mind.
Industry regulations, zoning laws and licensing requirements exist, depending on your intended location. Each city and county may have its own set of rules, so do your due diligence in researching them.
Pennsylvania imposes a corporate income tax on businesses, and sales tax varies by jurisdiction. Additionally, local property tax rates can impact your costs. Available tax incentives and credits may help reduce your tax burden.
When choosing a location, the following are some factors to consider:
- Proximity to suppliers and customers
- Accessibility to transportation hubs
- Availability of a skilled workforce
Pittsburgh, Philadelphia and Harrisburg are major business hubs, but there are smaller cities and towns to explore as well.
Workforce and talent pool
Pennsylvania boasts a well-educated workforce and a strong talent pool across various industries. However, you should research local labor markets and identify the availability of skilled workers. Local universities and colleges can also provide qualified employees.
Real estate and leasing
Consider the cost of commercial properties, leasing terms and any necessary renovations or modifications. Negotiating a favorable lease agreement can be key to managing costs.
Infrastructure and connectivity
Robust infrastructure and connectivity options exist in Pennsylvania, including major highways, railways and airports. Consider not just physical accessibility but also the availability of high-speed internet and technology infrastructure to support your business operations.
As you plan your move, consider networking with chambers of commerce, business associations and economic development agencies. These organizations can provide more insights to help your business succeed in the new location.