• Cumberland Area Economic Development Corporation
  • Serving Cumberland County
  • Pennsylvania’s destination for business and leisure

Why Cumberland Valley

The answer to the question Why Cumberland Valley is a combination of strategic location, mix of industries, a thriving economy and a high quality of life. Cumberland County was ranked the number one county to live in and is also the fastest growing county in the state. View more info below and find a list of accolades for the area here.

Why Cumberland Valley, PA is a Great Place for Business

LOCATION

Colonel Denning-2Cumberland Valley’s (Cumberland County and the surrounding region) proximity to major east coast markets and regional seaports, and access to multiple air, rail and highway systems accelerates connections between businesses, suppliers and customers.

The County, located within the Cumberland Valley region of South Central Pennsylvania, has connections via Interstate 81, I-83, I-76 and US 11/15. Cumberland Valley is also within a two-to-three hour drive of every major city on the Northeast Corridor including New York City, Philadelphia, Washington D.C. and Baltimore. The close proximity to the state capital of Harrisburg offers many nearby amenities including the transportation hubs of the Harrisburg International Airport and Amtrak.

The county consists of 33 townships and boroughs. Together these municipalities combine the best of rural landscapes with an abundance of business opportunities and a collection of outdoor recreation, military history, renowned events, and an eclectic mix of shopping and dining.

THE ECONOMY

Cumberland Valley, which encompasses Cumberland County and the surrounding area, thrives from the approximately 6,000 businesses that employ about 116,000 people.

According to the PA Center for Workforce Information & Analysis’ December 2021 Report, Cumberland County’s unemployment rate is one of the lowest in the state – 3.4% percent versus a statewide rate of 5.7%. This positive employment climate is partly due to major employers in the government, healthcare, retail, transportation and warehousing industries that are located, and in many cases headquartered, within Cumberland Valley.

According to the National Association of Counties:

  • 2019 GDP was $14.47 B
  • In 2019, the top three industries for economic output were Professional & Business Services, Government & Government Enterprises and Educational Services, Healthcare & Social Assistance
  • 2019 Median Household Income was $71,269
  • 2020 Labor Force was 130,651
  • 2010 to 2020 Population Change: 10.22%

On average, it is 75% more expensive to live in a city like New York compared to living in Cumberland Valley. Also, according to the PA Department of Labor & Industry, the cost of living in the south central PA region is almost 5% below the national average.

AAA BOND RATING

Standard & Poor’s Ratings Services assigned its “AAA” long-term rating, with a stable outlook, to Cumberland County, PA. Cumberland County has been “AAA” rated since 2008 and is one of only four Pennsylvania counties that receive the highest rating.

The AAA rating reflects the following factors for the county:

  • Strong economy, diverse employment base that continues to expand
  • Very strong budgetary flexibility
  • Adequate budgetary performance
  • Very strong cash levels to cover both debt service and expenditures
  • Very strong management with strong financial policies that are likely sustainable
  • Very strong debt and contingent liabilities position and low overall debt

 

 

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