About New Castle
New Castle is the county seat of Lawrence County, PA, and is located in Western Pennsylvania. While the population of New Castle is approximately 24,000, the greater Pittsburgh region’s population is 2,356,285 and the City is within 300 miles of a market of over 56 million people. The map below shows New Castle’s proximity to regional and national cities, and below is also the population within the range of 100, 200, and 300 miles.
Population within 100 Miles: 7,787,766
Population within 200 Miles: 26,237,104
Population within 300 Miles: 56,287,848
The investment opportunity that is New Castle, Pennsylvania can be summed up by a famous Warren Buffet quote:
“Price is what you pay. Value is what you get.”
Investors all over the country are factoring Opportunity Zone benefits as they look to place their investments in various Opportunity Funds. What many will miss is the value equation.
New Castle provides investor value in four primary ways:
A location that is reasonably priced with a below average cost of living
A location in a region reaping significant benefits from being in the largest natural gas basin in North America
A location where an investor can make a difference in taking existing momentum to the next level
A location in a community that has an alignment of partners that are poised to make projects highly successful
New Castle provides Opportunity Zone investors with a valuable opportunity to help continue a community’s transformation and reap the range of financial and impact benefits as a result.
The contiguous Opportunity Zones in New Castle are located in the downtown and industrial areas nearby. The historic downtown was laid out in 1798 and retains much of its original form, including a town square. The surrounding industrial areas have gone through many iterations, and are seeing renewed investment. A separate commercial area in the south of town includes the New Castle Playhouse, a historic theater that hosts live theatrical performances.