Pennsylvania is one of the most economically diverse states in the U.S. Staying true to its agricultural roots, Pennsylvania ranks in the top 20 of overall agricultural production, and top five in many everyday items like apples, milk, and mushrooms.
With this much production, agricultural business in Pennsylvania requires a lot of attention and is one of the many reasons business owners seek out the use of small business funding. Farming equipment isn’t cheap and the offseason is long leading many of these farmers and others involved in this industry to use small business loans from traditional financial institutions in PA to help make ends meet.
With urban manufacturing centers like Pittsburgh, Philadelphia and Erie at the corners of the state, Pennsylvania is also a leader in innovation. Pittsburgh alone is home to eight Fortune 500 companies, while Comcast was founded and remains centered in Philadelphia. But alongside the larger corporations, small businesses thrive. The streets of these cities are lined with restaurants, grocers, and many other retail stores and businesses competing for the same customers.
Here’s more info from our experts to help your small business thrive.