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Act 66: Economic Impact Analysis

September 28, 2020

Act 66: Economic Impact Analysis
PA House Majority Policy Committee Meeting
Joint House/Senate Policy Hearing

September 24, 2020 – 10:30 a.m.

The Friedman Jewish Community Center
613 S.J. Strauss Lane
Kingston, PA

Carl A. Marrara
Vice President of Government Affairs

Good afternoon Chairman Causer, Chairman Argall, and members of the Pennsylvania House and Senate Majority Policy Committees. I am Carl A. Marrara, Vice President of Government Affairs for the Pennsylvania Manufacturers’ Association. Founded in 1909 by Bucks County industrialist Joseph R. Grundy, the Pennsylvania Manufacturers’ Association is the nonprofit, statewide trade organization representing the manufacturing sector, it’s 570,000 employees on the plant floor, millions of additional jobs in supporting industries, and more than $93 billion in gross state product in Pennsylvania’s public policy process. Headquartered just steps from the State Capitol in Harrisburg, PMA works to improve Pennsylvania’s ability to compete with other states for investment, jobs, and economic growth. PMA’s mission is to improve Pennsylvania’s economic competitiveness by advancing pro-growth public policies that reduce the baseline costs of creating and keeping jobs in our commonwealth, including spending restraint, tax relief, limits on lawsuit abuse, regulatory reform, and ensuring a prepared workforce.

I am honored to join you today to discuss the topic of Act 66 of 2020, establishing the Local Resource Manufacturing Tax Credit.

Pennsylvania’s energy opportunity continues to drive innovation and revitalize economies in the areas of the commonwealth that often need it the most. In Beaver County, Pennsylvania, the largest construction site in North America is underway, supporting 6,500 construction jobs and the manufacturing plant being built will sustain more than 600 manufacturing jobs. But the ethylene that will be produced from that plant will allow for the clustering of manufacturing industries that rely on that feedstock to produce finished goods. Plastics, rubber goods, coatings, liquid metals, sanitary products, and many life science commodities find their foundational footprint in ethylene. Surely, western Pennsylvania will be a manufacturing hub for generations to come because of the natural gas play, and the resulting manufacturing activity will be because of the availability of natural gas and natural gas liquids.

Read the full testimony HERE!