April 17, 2019

Tougher Advocacies Shaping the Landscape of the Harrisburg, Pennsylvania Business Climate

By Achim Neumann

Harrisburg, the county seat of Dauphin County has always been one of the most vibrant business centers in the country. The region has a growing technology and biotechnology sector and is one of the most service-oriented cities around the East Coast area.

Over the years, tougher advocacies have been implemented to magnify the current economic growth experienced not just around the Harrisburg region, but throughout the state. Proposed economic development goals as in full swing as months of discussions help to encourage business growth in and around the city district.

Turning Pennsylvania into an Economic Powerhouse

Though the city has had drawbacks in terms of job creation, several measures are being implemented by the government to address the problem. Among such measures include bringing the entrepreneurial spirit amongst the general population to impede a possible economic downturn and societal deterioration which makes Dauphin County a great place to buy a business in Harrisburg or sell a business in Harrisburg.

City officials are also working on reducing regulatory systems that often weigh businesses down. The overabundance of statutes and procedures become an unnecessary burden to business owners because of their complex nature and varied interpretations. Key measures including simplification of guidelines and the implementation of an effective tax policy hope to encourage the expansion of new businesses and support for the current pool of investors.

Encouraging the economic growth of Harrisburg, Pennsylvania and the rest of the region is also targeted towards harnessing of new job opportunities. Because the city has mostly service-oriented industries, targeting economic strategies based on the diversity of the available workforce is one of the city’s top priorities.

Bettering Harrisburg’s Infrastructure for Maximum Growth

Infrastructure development is a top priority not just in Harrisburg but around the state. The energy, agriculture, manufacturing, and transportation industry are joining forces to implement several projects directed towards maximum growth of the economy. Such state-wide projects include the $57 million transportation infrastructure rehabilitation program to ensure safe and reliable roadways throughout the state.

A $92 million water infrastructure project was also recently approved by the Pennsylvania Infrastructure Investment Authority (PENNVEST) expected to run across 13 counties. This project aims to provide local residents with a clean water source, stormwater management, and non-point secure water quality improvements.

The project also pushes to benefit not just public health, but also contribute to the economic development of the region. Counties expected to benefit from the water project includes Carbon, Clearfield, Mercer, and Schuylkill among others.

Training and Development Projects to Address Workforce Needs

Harrisburg’s contribution to the realization of Pennsylvania’s goal of contributing to the national economic growth is through training and development of a highly skilled workforce. Several companies and private institutions have pledged an alliance to this program including the Associated Builders and Contractors, Inc. who recently announced support for the city’s workforce development efforts.

Non-skilled training is also widely available in the city to help the unemployed population land a better job. Harrisburg is a recipient of the National Green Infrastructure Certification Program (NGICP) which aims to help people get training and certification for the green infrastructure industry.

National and local agencies are working tirelessly to raise qualified and highly skilled workforce. Investing in future workers and helping retain tenured workers will deliver support for the city and states economic growth. The ongoing structural and educational developments around the city are expected to boost fiscal growth and upsurge the business climate.

If you would like to learn more about the business climate in Harrisburg, or you are interested in selling a business in Harrisburg, buying a business in Harrisburg, or running a quality business valuation in Harrisburg, then please reach out to us on our contact page!

About A Neumann & Associates, LLC

A Neumann & Associates, LLC is a professional mergers & acquisitions and business brokerage firm having assisted business owners and buyers in the business valuation and business transfer process through its affiliations for the past 30 years. With an A+ Better Business Bureau rating, the company has senior trusted professionals with a deep knowledge based in multiple field offices along the East Coast and has performed hundreds of business valuations in its history. The firm’s competitive transaction fees are based on successfully completing transactions. For more information, please contact A Neumann & Associates at 732-872-6777 or info@neumannassociates.com

Client Testimonials

“I’m a Financial Advisor and have referred several of my business owner clients to Gary Herviou to help them sell their businesses. Each client’s experience working with Gary has been outstanding, giving me complete confidence to continue referring others in the future. Gary is a true professional who understands all the intricacies involved in buying or selling a business. I would never recommend that a client sell a business without having a representative like Neumann & Associates on their side.”

Chad White

“I'm an attorney. I have represented the buyers and sellers of businesses for 20+ years. Recently I had the pleasure of handling a transaction where Richard Wilder of A. Neumann & Associates was the broker for the seller. Mr. Wilder was of great service to his client. He is very knowledgeable and organized. Thanks to his guidance the transaction proceeded smoothly and closed on time. He is highly recommended.”

Nick Ferrante

“Richard, you came to my office a few years ago and were wonderful in explaining your process and procedures. Our company is probably an anomaly in that we sold the majority to two long time employees and I financed them both. Our company is entering its 45th year and is still thriving. The purpose of the note is to thank you very much for the service that you provide. Thank you again.”

John Foug, Seller

“We had a great experience working with Richard Wilder from Neumann and Associates as the sell-side broker for Blade Runners. He was knowledgeable, professional, and clearly had his client’s best interests at heart. Richard helped keep the process smooth for everyone, and thanks in part to his efforts, we found a fantastic owner to partner with. We'd gladly work with Richard and the Neumann and Associates team again.”

Justin Martin

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Isaac Palmer, Jr.

“If you are looking for a professional and informative company that meets your needs, A Neumann & Associates is the company to go with. Ted Kantor went above and beyond to make our experience as easy as possible. Ted was helpful from the start of our process to the end. He was there every step of the way to guide us and answer all of our questions. He handled all of the in-depth communication and followed up on every detail. We strongly recommend Ted Kantor to help you whether you're buying or selling. It was a great experience. We never imagined it would go as smooth as it did. The Laluna's (Andy, Maria & Tony Jr)”

Maria Laluna

“A Pleasure to work with - I highly recommend them! Working with Richard Wilder was a pleasure, and he found us the perfect match.”

Laura Keith-Macario

“This spring we acquired a business that was represented by Richard Wilder at A Neumann & Associates. Small business acquisitions can be very emotional for the sellers and life-changing for the buyers, and Richard was keenly aware of this throughout the process. Although he was working for the sellers and not for us, he knew that most business owners see their business as their baby so the only way to have a happy outcome for his clients was to also have a happy outcome for the buyers. Knowing how nerve-wracking this process can be (think home buying x 10), he never dropped the ball on keeping everyone updated, anticipating potential snags, and guiding us along in the process. We highly recommend Richard.”

Shannon, Buyer

“My business was my baby for over 40 years. It is a tough and cruel world out there when it comes to selling your business. Neuman and Associates provided the professional guidance/protection to get the job done with care and no pressure. In my view a tremendous value. I would recommend them to anyone seeking to sell their business. Eric Storck, president of Blade Runners Inc.”

Eric Storck, President - Blade Runners Inc.

“I’m really impressed with how your firm operates. The focus on confidentiality, the thorough vetting process, and the use of third-party accredited valuations really stand out. It’s easy to see why you’ve built such a strong reputation over the years.”

Ann M., Investor

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Contact A Neumann & Associates, LLC

If you are considering selling your business, please contact us to learn more about our comprehensive service spectrum. Our experienced professionals will answer all your questions about selling a privately held business in complete confidentiality. Please fill out our contact form, or call us at 732-872-6777. We will contact you directly and will never identify ourselves to your employees.

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