Pennsylvania secures $4 billion in investments, governor says

By Reuters News

Oct 15 (Reuters) - Pennsylvania Governor Josh Shapiro said on Thursday the state had secured more than $4 billion in life sciences and private-sector investment commitments over the past week.


Here are more details:

  • On Wednesday, Pennsylvania secured a $2.9 billion investment from Merck MRK.N to expand to its operations in Montgomery County by the end of 2030

  • Under this, Merck will invest $550 million to build a robotics and AI-enabled drug research and development facility for manufacturing and discovery of medicines

  • Last week, GSK said it would invest more than $800 million to expand its Upper Merion site into a new biopharmaceutical manufacturing and research hub, creating more than 300 jobs over the next five years

  • The state is also investing $371.5 million,, which will unlock an additional $200 million in private-sector investment and $266 million in federal support, to expand container capacity and auto capacity across the state's port facilities

  • The investments are expected to create more than 6,300 jobs for Pennsylvanians

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