Good News is Brewing for PA Small Businesses

Running a small business in Pennsylvania? There’s some potentially good news brewing in Harrisburg. Governor Shapiro’s latest budget proposal (Governor Shapiro 2025-26 Budget Address as Prepared for Delivery | Commonwealth of Pennsylvania) and related initiatives are signaling a strong focus on supporting entrepreneurs and fostering economic growth, which could benefit your bottom line.

One key highlight is the continued push to lower the Corporate Net Income Tax (CNIT). This ongoing reduction could free up valuable capital for reinvestment, hiring, or simply weathering the ups and downs of business ownership. Beyond tax relief, there’s talk of significant investment in innovation and entrepreneurship, including potential grant programs. Think of new funding opportunities to help you expand, develop new products, or even get your startup off the ground.

While the details are still being ironed out, the overall message is clear: Pennsylvania aims to be more business-friendly. It is a wait-and-see on what is approved. Keeping an eye on these developments could pay off. For a broader overview of the state’s economic development plans, check out the resources on the PA Department of Community & Economic Development website (dced.pa.gov).