Nacero

Manufacturing tax credit pays off big for NEPA and PA’s natural gas industry

The residents of Northeast Pennsylvania hit the jackpot recently thanks in part to a manufacturing tax credit enacted in 2020 to attract multi-million dollar investments in our natural gas industry. In late October, a Texas-based firm, Nacero, announced plans to invest $6 billion on the site of a former coal mine in Nanticoke to manufacture clean fuels from natural gas.

The largest investment in the region ever will create an estimated 4,000 construction jobs in the area, and the completed facility will employ about 450 workers. It’s slated for completion in 2026-27.