The Yin and Yang of Site Selection
Yet there was also this item in the news of late: Pennsylvania companies carry heaviest tax burden, which goes into just how bad some perceive Pennsylvania's competitive climate.
So which is it? Is Pennsylvania doing great at attracting businesses or is it literally the worst? It's like we're Sybil as a state. I guess if I wanted to try and find some consistency between the two it would mean that Pennsylvania is great at attracting new investment but then is absolute worst at keeping them 10 years on. Of course that isn't true; it would even be a bit pathological and if I were to guess it is more the opposite.. Likely neither extremes are true. The whole question of regional competitiveness is just a tad more complex than the media would ever lead you believe. Even taxes and tax incidence is a far more complex subject than a few state-wide averages would have you thinking.. then there are factors like workforce, supplier networks, market demand, regulatory climate and maybe a dozen other things that all just begin to go into the mix. But if you really want to try and measure it then let's all go do a shift-share analysis! Some other day maybe.
You know.. I keep this blog up in part to archive my own thoughts and looking back I see Site Selection has showed us love in the past. So is this all evidence Pittsburgh has reached some 'tipping point' or is it all evidence of a long progression based on past trends.. the economic mesofact? (as JimR will also point out)