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==Economy== The city government provides numerous incentives to entice new businesses to locate within its borders. Today, some of the major contributors to Farrell's business base include: *Duferco Farrell Corp. (steel processing) [https://web.archive.org/web/20070118063556/http://www.dufercofarrell.com/] *First General Services of Western PA. (Property Restoration) [http://www.fgswpa.com] *Kalco Metals Inc. (specialty alloys) [http://www.kalcometals.com] *NLMK Pennsylvania, a subsidiary of [[Novolipetsk Steel]]<ref>{{Cite news|url=https://www.npr.org/2018/06/08/617200482/trumps-tariffs-worry-a-small-steel-city-in-pennsylvania|title=Trump's Tariffs Worry A Small Steel City In Pennsylvania|last=Khalid|first=Asma|date=2018-06-08|work=[[National Public Radio]]|access-date=2018-06-12|language=en}}</ref> *Precision Steel Services (roll forming) [http://www.precisionsteelservicesinc.com] *Premier Hydraulics Inc. (hydraulic parts manufacturing) *Sharon Custom Metal Forming (roll forming and welding) [http://www.scmf.biz] *Sharon Packing Co. (food processing) [http://www.sharonpacking.com] *UPMC Horizon Hospital, Farrell Campus [https://web.archive.org/web/20060902091938/http://horizon.upmc.com/] Farrell emerged Feb. 8, 2019 from [[Financially Distressed Municipalities Act|Act 47 provisions]]. The Act provides for municipalities that are near bankruptcy. Farrell had been under Act 47 since 1987, as Pennsylvania's first municipality to enter financially distressed municipality status.<ref>{{cite news|last1=Poole, Eric|title=Farrell leaves Act 47 after more than 30 years|url=https://www.sharonherald.com/news/farrell-leaves-act-47-after-more-than-30-years/article_d7fb26da-2c19-11e9-81a3-4f17d7b01f8d.html}}</ref>
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