Pa. named top global destination for energy industries

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The Foreign Direct Investment Association says Pennsylvania is the top destination in the world for energy.

The FDI Association, at its second annual Foreign Direct Investment Awards in June at the World Forum for Foreign Direct Investment 2014, held at the Union League of Philadelphia, said the Keystone State was the first 2014 FDI Destination of the Future for Energy Intensive Industries. The designation is for actively implementing strategies to support foreign direct investment in the energy sector.

The second destination was Ontario, Canada; the City of Sheffield, United Kingdom, and City of Ostersund, Sweden, tied for third 

The FDI Association, which is a “global association of practical use in helping governments to provide optimal conditions for foreign investors,” according to its website, also named the top three Websites of the Year and Destination of the Future for Water-Intensive Industries at the awards.

“The second annual FDI Association Awards recognise the achievements of countries or regions that have made an effort to meet the needs of foreign investors,” Jason Hickey, president of Hickey & Associates LLC and a member of the judging panel, said in a release on the FDI Association website. “Companies are increasingly aware of energy costs and water shortages and their quest for sustainable solutions leads them to locations that have adapted their natural resources or local environment to meet these criteria. Likewise, in this age of speed, we honour the efforts of territories that have created efficient websites that amass, organise and make accessible the information that investors need when studying a new potential operating environment.”

Nominations for the awards were assembled from around the world and chosen by a panel of industry consultants, according to the FDI Association.

In a news release, Gov. Tom Corbett credited Pennsylvania’s statewide energy plan.

“Thanks to our diverse energy portfolio that is lowering energy costs and creating new jobs, Pennsylvania is leading an American energy revolution,” Corbett said. “New manufacturers are arriving and building plants. Companies are expanding and branching out to the energy supply chain, and engineering and environmental firms are growing and hiring.”

According to the release, there are more than 200,000 people working in jobs either created or made more secure by the state’s energy industry. Pennsylvania is second for electricity generation and nuclear production, fourth for coal production and is the second-largest producer of natural gas in the United States, according to the release.

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