Pennsylvania’s long history of oil and gas drilling and significant reserves of natural gas provide opportunities to small businesses. Recent advances in drilling technology have allowed recovery of natural gas from the Marcellus, Utica and other unconventional gas formations. Shale gas underlies more than two-thirds of the state, with development activities in nearly 40 of Pennsylvania’s 67 counties.
The Pennsylvania SBDC helps small businesses identify and connect with shale energy supply chain opportunities and take advantage of gas utilization opportunities. Visit the Shale Energy Assistance page for more information.
Clean Technology & Alternative Energy
Pennsylvania is uniquely positioned as a place for small businesses and entrepreneurs to capitalize on clean technology opportunities because of the wealth of renewable resources, especially in the areas of biomass, wind and solar. Pennsylvania has been a national leader in deploying renewable energy and energy efficient technologies.
As defined by BusinessDictionary.com, clean technology (also known as “clean tech”) is “economically competitive and productive technology that uses less material and/or energy, generates less waste, and causes less environmental damage than the alternatives.” Clean technology comes into play near the beginning of a business practice, and therefore has more of an opportunity to create greater financial returns.
Pennsylvania had fifth highest number of energy efficiency jobs in the nation in 2010. Act 129 efficiency programs saved electric customers $278 million annually through 2011.
For more information on energy efficiency resources, visit the Pennsylvania SBDC Environmental Management Assistance Program.
Incentives & Financing
Pennsylvania’s energy-focused incentives are diverse and include tax credits, tax abatements, loans, loan guarantees and grants for different types of energy-related uses. Pennsylvania has funded all types of energy projects provided those projects are financially sound and demonstrate return on investment for the Commonwealth in terms of high paying jobs, strategic targets and community benefit.
Additional incentives, including grants and utility rebates, can be found at the DSIRE website.