Advantages for Financial Services

Northeastern Pennsylvania has a long track record of helping financial services companies grow and prosper. The area offers the following advantages:

  • Meets federal regulatory agency recommendations;
  • Is centrally located with easy access to NYC, Philadelphia, Washington D.C.;
  • Supplies a well-developed telecommunications infrastructure;
  • Offers moderate operating costs, particularly for labor and real estate;
  • Boasts affordable energy costs;
  • Has wide availability of open commercial sites and industrial parks;
  • Furnishes substantial tax incentives for businesses;
  • Contains 20+ major employers in the financial services and insurance industries that employ more than 25,000;
  • Includes 21 four-year colleges and 6 two-year colleges;
  • Provides lower cost of living, great quality of life, short commutes and excellent schools;
  • Invested $15 million in workforce;
  • Facilitates innovative regional partnerships.

The region is home to a number of financial services companies, including:

  • Altria Group
  • ALLTEL
  • Bank of America
  • Blue Cross/Blue Shield of NEPA
  • CIGNA HealthCare
  • Guard Insurance Group
  • Prudential Financial
  • Met Life
  • Sallie Mae

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