INNOVATION: Regional economy remains strong, according to The Institute
"As we prepare for our upcoming Indicators Forum and review the data, we observe that our regional economy remains strong, with many indicators showing improvement," Ooms said. "Although 2025 may present some challenges, there is reason for optimism about the region's future."
Ooms said many may not realize that Northeastern Pennsylvania (NEPA) boasts a robust manufacturing base and a thriving export market.
"This strength spans multiple sectors, which helps shield us from significant downturns in any industry," Ooms said. "However, we still face challenges."
Ooms said many residents are living in poverty and struggling to meet their basic needs.
"Like many regions nationwide, we are experiencing a workforce shortage, with more job openings than available workers," Ooms said. "Employers can no longer approach recruitment and hiring as they did in the past."
From year-round entertainment, sports and recreational opportunities to proximity to major cities, NEPA has much to offer, Ooms said.
"We must promote NEPA as a great place to live and share this message, rather than focusing on its drawbacks," Ooms said. "I hope this is the year we achieve that."
Ooms said The Institute is approaching its 21st anniversary and will present the 20th set of indicators.
"We will continue our commitment to community-based initiatives,: Ooms said. "We will also enhance our public policy education, sharing more data with our state and federal representatives, while striving to educate the community about the importance of voting in local elections.
"Additionally, we hope to broaden our community-based research efforts into other counties in NEPA. Our team is strong, and we are implementing a transition plan to promote Jill Avery-Stoss to President and CEO in 2026."
About The Institute
A collaboration among Geisinger Commonwealth School of Medicine, Johnson College, Keystone College, King's College, Lackawanna College, Luzerne County Community College, Marywood University, Misericordia University, Penn State Hazleton, Penn State Scranton, Penn State Wilkes-Barre, The Wright Center, University of Scranton, Wilkes University and the business community.
Reach Bill O'Boyle at 570-991-6118 or on Twitter @TLBillOBoyle.
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