Montgomery County Among Places in Pennsylvania with the Most Incoming Investments
Montgomery County is among the places in Pennsylvania with the most incoming investments, according to a recently released report by SmartAsset.
To determine the counties where residents are experiencing the most investment in their local economy, SmartAsset considered three main factors in Pennsylvania: business establishment growth, Gross Domestic Product growth, and new building permits.
Montgomery County ranked in fifth place in Pennsylvania with an incoming investment index of 34.54. This places it at No. 900 in the nation among all other counties.
In 2021, the county recorded business growth of 0.5 percent, which puts it at No. 24 in the state and No. 1,438 nationwide.
The county’s GDP growth of $1,063 million was the third-highest in the state, only behind Allegheny and Philadelphia counties, and it even broke into the national top 100 at No. 95.
Meanwhile, there were 5.7 new building permits per 1,000 homes, which is the eleventh-highest in Pennsylvania. Nationally, Montgomery County ranked at No. 1,119 for this category.
The place with the most incoming investments in the Keystone State is Butler County, followed by Philadelphia County.
Read more about the places with the most incoming investments like in Montgomery County and other Pennsylvania counties in SmartAsset.
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