 In the following two hundred years the iron industry would wane, but the agricultural heritage within Penns Valley would continue, and with the growth of a small land grant university just to the west in State College, The Pennsylvania State University would give the region a new academic wave of prosperity for the 21st century.The Penns Valley region is part of the .The main waterway in the area is Penns Creek whose headwaters are located south of Centre Hall in Penns Cave.