Fueling Our Economic Growth with Natural Gas. Innovation & Investment Deputy Secretary Carolyn Boser Newhouse

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1 Fueling Our Economic Growth with Natural Gas Innovation & Investment Deputy Secretary Carolyn Boser Newhouse

2 Secretary C. Alan Walker The mission of the Department of Community and Economic Development is to foster opportunities for businesses to grow and for communities to succeed and thrive in a global economy. Our mission is to improve the quality of life for Pennsylvania citizens while assuring transparency and accountability in the expenditure of public funds.

3 The Programs Center for Private Financing Steve Drizos Center for Business Financing Scott Dunkelberger Economic Development Marketing Deb Bowman Technology Investment Office Sheri Collins PA Tourism & Film Offices Deb Bowman Innovation & Investment Appalachian Development Center Neil Fowler

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5 Innovation & Investment Organization Chart Team Work

6 Grants Loans Loan Guarantees Tax Credits Alternative and Clean Energy Program (ACE) Appalachian Regional Commission (ARC) BFTDA -Technology Development Grant BFTDA University Research Commercialization Ben Franklin Technology Partner's Challenge Grant & Altern Energy Dev Prog (AEDP) Broadband Outreach & Aggregation Fund D2PA Gaming Econ. Devel. & Tourism Fund (Allegh) GFT-WEDnetPA H2O PA: High Hazard /High Hazard Unsafe Dams H2O PA: Flood Control H2O PA: Water Supply, Sanitary Sewer & Storm Water Projects High Performance Building Program (HPB) Industrial Sites Reuse Program (ISRP) IFIP Infrastructure Technology Assistance Program Keystone Innovation Network (KIN) Local Share Accounts (Luzerne, Monroe, Washington Counties) Life Science Greenhouses PREP Pennsylvania First Powdered Medals Regional Investment Marketing (RIM) Renewable Energy Program Geothermal/Wind Solar Energy Program (SEP) new Water Supply-Wastewater Infrastructure Program Zoological Enhancement Fund Alternative & Clean Energy (ACE) Building PA Business in our Sites Grants & Loans Community Economic Development Loan First Industries Agriculture Loan Program First Industries Tourism Loan Program High Perf. Building Program (HPB) Industrial Sites Reuse Program (ISRP) Infrastructure Development Program -IDP MELF New PA Venture Capital Investment Next Generation Farmer Loan Program PCD Bank Pennsylvania First PIDA PA Infrastructure Bank (PIB) (PennDOT) PMBDA Pollution Prevention Assistance Account Renewable Energy Program -- Geothermal and Wind Projects Second Stage Loan Program Small Business First (SBF) Solar Energy Program (SEP) State Small Business Credit Initiative (SSBCI) The PA Regional Center-New American Development Fund Water Supply and Wastewater Infrastructure Program (PennWorks) Alternative and Clean Energy Program (ACE) First Industries Agriculture Loan Guarantee First Industries Tourism Loan Guarantee High Performance Bldg. Program (HPB) New Pennsylvania Venture Guarantee Program (CFA) Renewable Energy Program- Geothermal/Wind Projects Pennsylvania First Second Stage Loan Guarantee Program Tax Increment Financing Guarantee (CFA) Others Keystone Opportunity Zones (KOZ) Tobacco Settlement Investment Board (TSIB) Educational Improvement Tax Credit Program (EITC) Film Tax Credit Program Job Creation Tax Credits (JCTC) Keystone Innovation Zone Tax Credit Program Opportunity Scholarship Tax Credit Program (OSTC) Research and Development Tax Credit (RED)

7 HOW DO WE HELP BUSINESS GROW? 1. Providing access to capital to help businesses get started, expand or locate in PA 2. Providing the most innovative delivery system, lowering the cost of doing business 3. Providing unparalleled access to global markets through our free technical export assistance program

8 Pennsylvania 35% of Pennsylvanians work in companies with employees 550,000 are self employed (9% of total workforce) 232,000 small businesses (under 100) represent 90% of all businesses in Pennsylvania 7 out of 10 net new jobs come from small businesses. National Small businesses (1-50) added 7,000 jobs. Businesses with more than 500 employees lost 51,000 jobs in June Women owned businesses employ more than all Fortune 500 companies combined

9 Topics of Discussion How do you capitalize on Marcellus shale? How can DCED be of assistance in your efforts to grow?

10 PA is one of four states that sit atop the 54,000 square-mile formation Estimates of available gas trillion cubic feet

11 THE BUSINESS OF DRILLING IN MARCELLUS SHALE Formation covers about 2/3 of PA s underground area

12 The Economics Three separate types of activity: 1) Exploration, drilling, operations 2) Leasing and royalties 3) Pipeline infrastructure Projected to create up to 100,000 in PA Ripple Effect Supply chain network Significant opportunity for PA legacy mfgs. Infrastructure pipeline network Workforce Development Housing, retail, services, health care, etc. Corporate offices Courtesy of Range Resources

13 How do you capitalize on Marcellus shale?

14 How can DCED be of assistance in your efforts to grow?

15 DCED will: Ensure statewide and regional presence. Refer businesses to resource partners. Streamline our service delivery with existing partners. Provide resources for all types of businesses. Ensure newpa.com is useful and reflective of services. Ensure funds are utilized as prescribed. Foster small business economic growth.

16 Entrepreneur s Guide DCED works with our partners to provide technical business assistance, identify new markets, and locate available financing for these companies.

17 Small Business Champion Network DCED Regional Offices Program Offices GAT Executive Offices Customer Srvc Ctr 1-800#-Sm Bus Hotline < Leads > < Leads Small Business Organizations Chambers of Commerce Business Organizations Professional Associations Officials State Legislators County Commissioners Elected Officials PREP SBDC LDD IRC IDAs State Agencies DEP DOR State DCNR Finance CDFIs, State, Local & Federal Financial Assistance

18 Thank You