Business Journal NORTHEAST
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PENNSYLVANIA
THE REGION’S AWARD-WINNING SOURCE OF BUSINESS NEWS AND INFORMATION
November 2016 VOL. 31 NO. 11
Scranton poised for future Skilled workers need apply
By Dave Gardner
The City of Scranton’s label as a distressed city is only applicable to its government and the condition of the private sector does not relate, said Robert Durkin, president of the Greater Scranton Chamber of Commerce. Educational and medical communities are leading the way with new investment and growth, and even though the downtown is not a prime retail hub as during the city’s heyday, varied businesses are emerging, he said Examples include the renovation at Green Ridge Corners, the Scranton Lace Building project, the West Side Medical Corridor and the South Side United Neighborhood Centers renovation project,” Durkin said. “Diversity also now rules within the city, which is a huge change.” Taxation and parking obstacles still remain as thorns in the sides of developers as demand for downtown residential housing booms. Interest is already being generated by prospective buyers for the county’s soon-to-be-vacated office buildings, and cultural events such as First Friday are bringing dollars into the city. Durkin urges anyone who analyzes Scranton’s financial future to consider the upcoming role of the millennials. “The millennials lifestyle is very different from their parents,” said Durkin. “They have a positive view of city life and different appetites that will fuel this growth potential.” Durkin repudiates the charge that Scranton and NEPA offer no quality jobs. In reality, area
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ALSO INSIDE:
Area employers tell Greater Scranton Chamber of Commerce president Robert Durkin that there are many jobs available but not enough trained workers to fill them. The belief that a person can just float through high school and get a manufacturing job afterward, does not hold true today. Job applicants must have a decent base in STEM — science, technology, engineering and mathematics. MICHAEL J. MULLEN / Times-Tribune photo file.
employers consistently say they cannot find enough trained talent to fuel their employee needs, such as with tech-based manufacturing and utility companies. “This mismatch is very real and is being caused by an old belief that a person can just float through high school and then get a great job in the old manufacturing sector,” Durkin said. “Job applicants today must have a decent base in STEM technology to succeed.” Durkin is optimistic with his 10-year forecast for Scranton. He sees a thriving central business district filled with small business, plus booming eds and meds. This will be enhanced by elected leaders
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Small Business Spotlight HRC manufacturing
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not following populist demands, but instead making hard decisions that generate long-term gains. “Real tax incentives for business are one of the only tools we have to create opportunity and offset our kids leaving the area,” said Durkin. “If this occurs, we will see many of them leave for a bit, taste the ‘buffet,’ and then return.” Expanse of healthcare One of Scranton’s big economic guns, its health care community, continues to expand. The Geisinger Health System is proceeding with plans to invest more than $158 million in the Scranton area, and has opened an $18.1 million, 45,000-squarefoot facility named Geisinger Mount Pleasant for primary care practices and other services. Delta Medix, a regional independent multispecialty medical practice, is relocating most of its operations to the new Marketplace at Steamtown. Please see COVER STORY, Page 4
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