Thursday, February 16, 2017

The Impact of Foreign Direct Investment

Posted by Jillian McCue, Intern


Have you ever wondered how much Foreign Direct Investment (FDI) has been invested in the Southcentral PA region? In 2016, our region had 898 foreign owned companies operating in the area who employed 71,519 employees!

We were able to pull together regional level as well as county level data for both, number of foreign owned companies and the number of personnel employed by those foreign owned companies, from recent data from Dun & Bradstreet.


The report focuses in detail on the impact of FDI for our region’s eight counties, as well as how our region compares to the others within the state.
  • Adams
  • Berks
  • Cumberland
  • Dauphin
  • Franklin
  • Lancaster
  • Lebanon
  • York


Employees of Foreign Owned Companies


 


    Foreign Owned Companies


  • Southcentral was the third highest-ranking region based on number of foreign owned companies and number of employees of foreign owned companies (behind Southeast which has the Philadelphia metropolitan area, and Southwest which has the Pittsburgh metropolitan area)
  • The number of employees of foreign owned companies in Southcentral grew from 53,423 people in 2015 to 71,519 people in 2016
  • Southcentral had two of the top ten counties based on number of foreign owned firms
  • Southcentral had three of the top ten counties based on number of employees of foreign owned firms
  • Dauphin County had 141% growth in the number of citizens employed by foreign owned companies from 2015 to 2016
Southcentral Foreign Owned Company Employees
Read the full report here

Tuesday, January 31, 2017

Southcentral PA's 2015 MSA Report

Posted by Brittany Fleisher, Intern

Each year following the International Trade Administrations’ release of their “Metropolitan Export Series” data, we summarize the information for our region. The southcentral region of Pennsylvania encompasses seven Metropolitan Statistical Areas (MSAs). These seven MSAs grew their exports by $2.3 billion since 2010, reaching a total of $8.8 billion in 2015 that accounted for 22.4% of the total share of Pennsylvania’s exports. Since 2005, export sales for our region have increased by over 159%. 

Metropolitan Statistical Area
2005 Ranking out of 371 U.S. MSA’s
2005
Total Export Sales
2014 Ranking out of 386 U.S. MSA’s
2014 Total Export Sales
2015 Ranking out of 386 U.S. MSA’s
2015
Total Export Sales
Harrisburg-Carlisle
127
$824.1 M
79
$3.053 B
78
$2.926 B
York-Hanover
95
$1.288 B
102
$2.024 B
95
$2.076 B
Reading
151
$605.5 M
114
$1.743 B
108
$1.778 B
Lancaster
150
$605.6 M
165
$974.3 M
165
$901.3 M
Lebanon
316
$85.05 M
205
$579.8 M
194
$606.6 M
Chambersburg Waynesboro*
n/a
n/a
200
$659.2 M
218
$475.3 M
Gettysburg*
n/a
n/a
361
$63.74 M
362
$55.69 M

Pennsylvania’s top 5 export destinations are shown below. Most notably, the United Kingdom experienced the largest percentage increase of PA exports at 25%; surpassing Germany to enter the top five export countries. 

Pennsylvania’s Top 5 Export Destinations
Rank
Country
2014 Exports
2015 Exports
% Change
1
Canada
$12.30 B
$11.60 B
6% Decrease
2
Mexico
$3.73 B
$4.18 B
12% Increase
3
United Kingdom
$1.85 B
$2.33 B
25% Increase
4
China
$2.40 B
$2.06 B
14% Decrease
5
Japan
$1.58 B
$1.67 B
5% Increase

Additional information in the report include Pennsylvania’s state merchandise export totals, other Pennsylvania MSA rankings, top 10 export industries, and the balance of trade. National data includes the top 15 U.S. exporting states-which Pennsylvania ranks 10th-and the entire United States’ balance of trade to further our comparison.


All data included in this report is public information from the following databases: