Shippensburg is a borough in Cumberland and Franklin counties in the U.S. state of Pennsylvania. Settled in 1730, Shippensburg lies in the Cumberland Valley, 41 miles (66km) west-southwest of Harrisburg, and is part of the HarrisburgCarlisleMetropolitan Statistical Area. The population was 5,492 at the 2010 census. Of this, 4,416 were in Cumberland County, and 1,076 were in Franklin County. Shippensburg was incorporated as a borough on January 21, 1819. In the past, there were furniture factories, engine and pump works, and other industrial works located within the town. Shippensburg is also the home of The Beistle Company, the oldest and largest manufacturer of decorations and party goods, which sells its distinctive honeycomb paper decorations worldwide. It is also the location of Pague and Fegan, the oldest continuously operated hardware store in Pennsylvania. In May 2012, Volvo Construction Equipment began a $100 million expansion project to bring its American headquarters to Shippensburg. Shippensburg is also home to Shippensburg University of Pennsylvania, one of 14 universities of the Pennsylvania State System of Higher Education. Yearly the last full week of July, the Shippensburg Community Fair is held. Begun in 1958, the fair bills itself as Pennsylvania's largest bi-county fair. The fair includes agricultural exhibits, a craft show, food vendors, and carnival rides amongst other things.