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2/13/2014

Governor Corbett: Proposed Comcast/Time Warner Cable Merger Positions PA-Based Technology and Innovation Employer for More Jobs, Continued Growth in PA

News for Immediate Release

Feb. 13, 2014

Governor Corbett: Proposed Comcast/Time Warner Cable Merger Positions PA-Based Technology and Innovation Employer for More Jobs, Continued Growth in PA

Harrisburg - Governor Tom Corbett released the following statement regarding the proposed Comcast/Time Warner Cable merger that was announced earlier today:

“With its headquarters in Philadelphia and a new, $1.2 billion tower on the way, Comcast is solidifying Pennsylvania’s position as a center for high technology and innovation,” said Corbett. “Today's announcement by Comcast regarding their interest in merging with Time Warner Cable is testament to the quality and pro-consumer focus the Comcast brand has delivered. Tens of millions of consumers will benefit from increased choice and service the merger will bring.  Seemingly, Comcast and Time Warner Cable do not compete with each other, and the consumer benefits appear to be significant.”

Recently, Governor Corbett joined Comcast to announce plans to develop the ‘Comcast Innovation and Technology Center’ in Center City, Philadelphia. The mixed-use tower is expected to be the one of the tallest buildings on the East Coast, driving economic progress and transforming the Philadelphia skyline with the construction of a $1.2 billion, 59-story tower.

The commonwealth’s partnership with Comcast will create more than 20,000 direct and indirect jobs during construction and at least 1,500 new Comcast positions. The center will become the dedicated home for the company’s growing workforce of technologists, engineers and software architects.

“World-class job creators like Comcast are making Pennsylvania home,” said Corbett. “It’s clear that by investing in our infrastructure, investing in education, and investing in our workforce, we are putting jobs first and building a stronger Pennsylvania.”

Today, Pennsylvania's unemployment rate stands at a five-year low and jobs have been growing on a consistent basis for nearly four years.

Media Contact: Valerie Caras, 717-783-1116

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