Report | Intelligent Investment

The Keystone Space Economy

How the Pennsylvania, Ohio and West Virginia Tri-State Region is Emerging as a National Hub for the Commercial Space Industry

November 12, 2024 10 Minute Read

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The United States commercial space industry has traditionally operated in a series of specialized, geographic-focused clusters. States like Florida, Texas, California and Colorado have concentrated the majority of space economy development and investment into select, high barrier-to-entry markets with a longstanding space-centric infrastructure. However a new, emerging hotspot for the space industry is taking shape in America’s “Keystone Region” - a tristate
collective encompassing Ohio, Pennsylvania and West Virginia.


The Keystone Region is ideally situated to propel the United States’ next generation of commercial space activity due to its distinct geographic combination of world-class universities pioneering emerging space research,
existing NASA infrastructure, strong manufacturing-oriented economy & workforce and world-renowned reputation for creating next generation startups in robotic, autonomous and artificial intelligence technologies. Collectively, this
tri-state region boasts over 700+ current participants in the space economy - including academia, investors, government, military and civil participants.

 


The geographic impact of the Keystone Space Economy is poised to create a series of new economic development and real estate opportunities within the projected $1 trillion global space market. This report examines the Keystone Region’s existing space economy infrastructure, and offers a vision into its growth and development
as one of America’s burgeoning new centers for commercial space technology.

With considerably lower real estate and wage expenses and direct access to the country’s most powerful hightech, as well as skilled manufacturing talent, increased consideration for the space industry will continue to drive regional economic development efforts for the foreseeable future.