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including many of the nation’s top institutions.
But life sciences and health care are just two of
a diverse slate of industries that have significant
impact in the state. Energy, for instance, is an-
other mainstay that is certainly receiving a boost
from the burgeoning natural gas industry. And the
state’s energy portfolio goes far beyond natural
gas to include crude oil, coal, and electricity. Over-
all, Pennsylvania is the second-largest producer of
total energy nationally.
Philadelphia-based PECO, an Exelon subsidiary,
is the state’s largest combined electric and natural
gas utility, delivering energy to more than 2.1
million regional customers. “Our estimated annual
economic impact is $4.8 billion, supporting $775
million in labor income and over 9,000 local jobs,”
says Mike Innocenzo, PECO’s president and CEO.
Financial services in Pennsylvania can be
traced back to the 1700s, when the state was the
national epicenter of commerce. It has remained
a key financial hub. “Since 1864, we’ve fueled the
state’s economic and civic engines, and we
remain committed to its continued growth,” says
Vincent Delie Jr., chairman, president, and CEO
of F.N.B. Corporation and First National Bank,
headquartered in Pittsburgh. “Pennsylvania’s re-
markable location, landmarks, institutions, natural
resources, and, above all, its people, create an
ideal place to do business.”
The heritage of agribusiness in the state simi-
larly goes back more than 200 years. From food
to hardwoods, it has been an economic bedrock,
aided by Pennsylvania’s exceptional location and
infrastructure. Pennsylvania’s produce is known
for its quality and abundance, and at GIANT Food
Stores, “it’s the produce department we’re most
loved for,” says president Nicholas Bertram.
Starting out as a two-man butcher shop in the
fertile Cumberland Valley, GIANT is now one of the
state’s largest employers. “Much like the common-
wealth has grown, we’ve grown with it,” Bertram
says, adding that GIANT is poised for even greater
growth. He’s also proud of the company’s commit-
ment to social responsibility. Who gets the credit
SPONSORED CONTENT
PENNSYLVANIA
“Pennsylvania’s remarkable location, landmarks,
institutions, natural resources, and, above all, its people,
create an ideal place to do business.”
VINCENT DELIE JR.
CHAIRMAN, PRESIDENT, AND CEO, F.N.B. CORPORATION AND FIRST NATIONAL BANK
DIVERSE GEOGRAPHY
CREATES UNIQUE
LANDSCAPES, INCLUD-
ING IN PITTSBURGH,
WHICH IS KNOWN FOR
ITS THREE RIVERS AND
ICONIC GOLD BRIDGES.
