As headlines go, much too often, so goes traditional economic development support. The success of much of the commonwealth’s existing business support networks and financing programs are measured by, and thereby biased toward, companies making large employment announcements. So we asked a very simple question—who actually created the new jobs in Pennsylvania over time? It turns out the answer is rather startling.
Team PA commissioned an extensive study of all Pennsylvania companies to help identify the net job producers over a multi-year period of time. The report revealed that employment growth is highly concentrated among a surprisingly small number of companies, and that those companies are almost exclusively not the companies sending out press releases with big job numbers.
To read the full, original article click on this link: One Percent of Pennsylvania Businesses Contribute 74 out of 100 New Jobs | Ben Franklin Technology Partners of Pennsylvania
Author: Matt Zieger
