HAVE WE DONE FOR YOU LATELY?
Few Facts about the Economic Development
of the Greater Wilkes-Barre Chamber
More than 12,700 people are employed in
the five business parks directly developed by the Chamber and affiliated organizations.
The Chamber’s five business parks (Crestwood Industrial Park, Hanover Industrial Estates, Hanover
Crossing, Corporate Center at East
Mountain, and Highland Park) comprise approximately 2,637 acres and generate more than $8.7 million annually
in county, municipal and school district
· There are more than 18,000 people working today in jobs that
can be traced to 210 different
Chamber-assisted business location or expansion projects from 1985 to
2011. In 2011 alone, Chamber assisted
projects resulted in the creation
of 562 new jobs in the
· An economic impact report for the Innovation Center at Wilkes-Barre showed that, during 2010, the
facility generated total estimated economic
activity of $28.7
million. It accounted for an estimated 230
direct and indirect jobs and an estimated $3.1 million in
direct and indirect federal, state and local tax revenues.
has been a key community development partner through catalytic efforts such as
Downtown Wilkes-Barre’s Elevation Lofts project. As a direct result
of the Chamber’s actions, all of the downtown lofts were sold and are occupied today, bringing
new residential activity to downtown Wilkes-Barre.
The positive impact of the Chamber’s center-city investments goes far beyond what’s visible on downtown sidewalks. Today,
the site of the University Corners project generates
$250,000 a year more in annual real estate tax revenue than it did a decade ago
– and as Keystone Opportunity
Zone tax abatements continue
to expire, even more dollars
will be added.
During the past several years, the Chamber
has led a consortium of regional institutions and organizations examining the feasibility of a collaborative
approach to biomedical research in Northeastern Pennsylvania. Partnering colleges and universities are now bringing
that study’s recommendations to fruition as part of the Regional
Bioscience Initiative, a multi-phased
strategy to increase
the size and breadth of the region’s biomedical industry cluster.