GREATER PHILADELPHIA
AT THE HEART OF GOOD BUSINESS
The Place to Establish and Grow Your Business
Greater Philadelphia encompasses an 11-county neighborhood across northern Delaware, southern New Jersey, and southeastern Pennsylvania. The region is a thriving mega-market with all the must-haves for success: unparalleled global access, a deep talent pool, an attractive cost of doing business, a huge market of customers, and an incredible quality of life.
Photo courtesy of Jason Heritage and Ben Franklin Technology Partners of Southeastern PA
Boston
New York
Washington, D.C.
Greater Philadelphia
Strategically located between
New York City, the nation’s
financial hub and
Washington, D.C., the
legislative and regulatory
center of the U.S.
At the core of the country’s
wealthiest and most densely-
populated region
Welcome to opportunity. Right here, right now, Greater Philadelphia is exploding with new energy, excitement, and prospects. Our region’s business climate is the best it’s been in decades, and the outlook — fueled by collaboration, creativity, inclusion, investment, and innovation — is brighter than ever. We are experiencing a youth movement, with one of the fastest-growing millennial populations in the nation. It’s driven by our ecosystem of 104 colleges and univer-sities that are awarding close to 90,000 degrees every year. The graduates are staying and returning, attracted by our flourishing technology and innovation scene, our diverse economy, and by a quality of life that is — in a word — remarkable.
You can feel the energy, and see it too. Cranes dot the skylines from Camden, New Jersey to Philadelphia to Newark, Delaware. Major development projects representing over 3 million square feet of new office and mixed-used space and $10 billion in capital investments have been announced or are under construction. Our universities are collaborating with civic and community leaders to build innovation districts, our corporate leaders are investing in new headquarters, and our developers are transforming industrial sites that are ripe for reinvest-ment into vibrant spaces.
This is the birthplace of democracy and invention. This is a place where ideas meet courage, where initiative is applauded and where the entrepreneurial spirit is strong and passionate. It’s a place that is so well positioned for companies to locate and grow their operations, it is not surprising that scores of startups are flocking here, and that major Fortune 1000 leaders from around the globe call Greater Philadelphia home.
If you are looking for opportunity, Select Greater Philadelphia.
William R. Sasso, Esq. Chair, Select Operating Committee
Matthew P. Cabrey Executive Director
1st in millennial growth rate
3rdlargest metro in the Northeast with $432 billion in Gross Regional Product
5th largest population with 6.3 million people
2nd lowest office rental rates among top metros
4th largest media market
6th
largest workforce of just over 3 million, including highly-skilled talent in key industries: life sciences, energy and manufacturing, technology, financial services, and more
WORKFORCE
Highly educated, ready-made for tomorrowGreater Philadelphia has a massive, talented labor force — the 6th largest in the U.S. Our three million workers are highly educated, with 34.7 percent holding a bachelor’s degree or higher. That’s more than New York City, Houston or Los Angeles. There are more professional degrees awarded per resident in the region than anywhere in the nation. But it’s more than smarts that makes our talent so excep-tional — it’s a spirit of cooperation, a passion for learning, creating and innovating, and a drive to get things done.
Greater Philadelphia is home to 104 colleges and universities with half a million students. That’s the fourth largest university population among all U.S. metropolitan areas.
Eager learners from around the world are earning 90,000 degrees annually from research, engineering, business, entrepreneurial, liberal arts, and technology programs that set the standard of excellence in higher education.
Drawn by our vibrant quality of life, 64 percent of these students choose to stay here to establish and grow their career and their families. It’s no wonder Philadelphia has the fastest-growing millennial population among the nation’s 30 largest cities.
Greater Philadelphia is home to 104 colleges and universities
Philadelphia has the fastest-
growing millennial population among
the nation’s 30 largest cities.
Right: The University of Pennsylvania - Photo courtesy of Paul Loftland for PHLCVB Opposite page: Haverford College
Educational Attainment in the US and Greater Philadelphia
Source: US Census Bureau American Community Survey 5-Year Estimates, 2014
GRADUATE OR PROFESSIONAL DEGREE
11%
14%
BACHELOR’S DEGREE
18%
20%
29%
35%
BACHELOR’S DEGREE OR HIGHER
US Greater PHL Region
89,885 TOTAL DEGREES AWARDED
Source: NCES IPEDS, 2013 – 14 Academic Year
Associate’s Bachelor’s Doctor’sMaster’s
SOCIAL & BEHAVORIAL SCIENCES
12,908
Degrees Awarded at Colleges and Universities in Greater Philadelphia
BUSINESS & LAW
17,804
HUMANITIES
17,005
HEALTH SCIENCES
15,546
STEM
13,101
EDUCATION
8,994
OTHER
4,527
Professional schools abound› 31 business schools
› 12 engineering schools/programs
› 7 medical schools
› 6 law schools
› 3 pharmacy schools
› 3 dental schools
› 1 school of podiatry
› 1 school of ophthalmology
› 1 school of veterinary medicine
University entrepreneurial programs & technology campuses› Drexel University Close School
of Entrepreneurship and their Expressive and Creative Interaction Technologies (ExCITe) Center
› Rowan University’s South Jersey Technology Park
› St. Joseph’s University Family Business & Entrepreneurship program
› Temple University’s Fox School of Business’ Innovation & Entrepreneurship Institute
› University of the Arts, Music Business, Entrepreneurship + Technology program
› University of Delaware’s STAR Campus & JP Morgan Innovation Center
› University of Pennsylvania’s Penn Center for Innovation
Fourth largest university population among all U.S. metropolitan areas.
Four of the top 20 colleges and universities in the U.S.› Haverford College
› Princeton University
› Swarthmore College
› University of Pennsylvania
Source: Forbes
World-class elementary and high schools› Chester County’s Tredyffrin-Easttown
school district was named the best public school district in the nation
› U.S. News designated New Jersey’s Haddonfield High School a Gold Medal School
› The region has a high concentration of private schools including St. Andrew’s School, #1 in New Castle County, Delaware
› 32 of the top 50 performing high schools in Pennsylvania, based on SAT scores, are located in the region, with Philadelphia’s Masterman High ranking the #1 high school in the commonwealth
TECHNOLOGY AND ENTREPRENEURSHIP
Inventing the FutureGreater Philadelphia’s resurgent innovation ecosystem is an inclusive community where networks are created and collaborations are forged. It’s where entrepreneurs who have achieved their dreams encourage others to follow theirs. It’s where business leaders, investors and private angel funds interact with startup owners and service providers like never before.
The pace is quickening. Over the past two years, venture funding for 150 IT and software companies and 100 biotech and medical services companies topped $1.2 billion. Startups are being launched at over 65 incubators, accelerators and co-working spaces.
University programs for entrepreneurs at Delaware, Drexel, Penn, Rowan, Temple, and others for entrepreneurs are encouraging innovative thinking by their students who are choosing to stay here, making the millennial growth rate in Philadelphia higher than any of the nation’s 30 largest cities.
We have the talent. We have the institutions. We have the investments. We also have the confidence, the acumen and creative thinking needed for new business ventures.
Greater Philadelphia is now one of the most attractive regions in the world for entrepreneurs and investors looking to establish and grow a business.
Industry leader Comcast is building its new $1.2 billion Technology and Innovation Center — expected to create 1,500 new tech jobs.
“Five reasons startups are setting up shop
in Philadelphia? Cheap rent is just the
beginning. (1) Fast-growing companies
live here (2) A close-knit startup
community (3) Economic incentives
for doing business (4) Location, location,
location and (5) An abundant talent pool
of job candidates."
EXCERPTED FROM ARTICLE IN PHILADELPHIA MAGAZINE
BY SUCHIT BACHALLI, PRESIDENT OF UNILOG
Rendering of the Comcast Innovation and Technology Center - Rendering courtesy of Comcast Corporation. Opposite page: Rendering of Schuylkill Yards - Rendering courtesy of SHoP Architects PC and West 8
“The region’s strong base of colleges and universities, diverse young people, large corporations, and state and local governments engaged in helping entrepreneurs, make it a promising hub for innovation and startups.” STEVE CASE, CO-FOUNDER OF AOL DURING HIS “RISE OF THE REST” TOUR IN GREATER PHILADELPHIA, WHERE HE AWARDED $100,000 TO DREXEL GRADUATE CHRIS GRAY FOR HIS SCHOLARSHIP APP, SCHOLLY
Greater Philadelphia’s 65 business incubators & accelerators are leading the way with novel initiatives, including:› University City Science Center
is evolving from one of the first business incubators in the nation to a collaborative leader transforming University City.
› DreamIt Health, fostering health tech startups, is creating a path to new life-saving technologies.
› Camden CoLab, offering access to Camden’s best academic, business, and institutional resources.
› Rutgers Camden Technology Campus for emerging early-stage companies is rejuvenating the Camden economy by drawing in new firms and creating good jobs.
› Novotorium, in Bucks County, PA, is working with entrepreneurial startups driving innovative change in health care, nutrition, and wellness.
› Emerging Enterprise Center of New Castle County, DE is nurturing small businesses, helping them reach their full potential.
INVESTING BILLIONS IN UNIVERSITY INNOVATION DISTRICTSBringing together knowledge institutions with global industry leaders and startup companies, retailers, and residents, university innovation districts are fostering tomorrow’s advanced, inclusive communi-ties. Leading the way is the University of Pennsylvania’s Pennovation Works, a 23-acre project that is bringing together private sector business leaders with academic researchers like never before. Opening in 2016 is the site’s anchor, the 58,000 square-foot Pennovation Center, a hub for innovators to collaborate and exchange ideas. Nearby is Drexel’s Schuylkill Yards, a novel vision for a new 14-acre, $3.5 billion gateway to University City in partnership with Brandywine Realty Trust.
Highly-rated for innovation, technology and startupsTrenton: One of the top 15 most innovative cities in America.BUSINESS INSIDER
Philadelphia: Top 10 cities for techiesTHE HUFFINGTON POST
Wilmington: One of the top 3 cities in America to start a businessNERDWALLET
Millennial Growth as Share of overall city population 2006 – 12Percent change among the nation’s largest cities
Philadelphia 6.1%
Boston 5.7%
Nashville 5.6%
Baltimore 5.4%
San Francisco 5.3%
Denver 5.0%
30-city median 2.7%
Source: Pew Charitable Trusts
LIFE SCIENCES
World Class, World-RenownedGreater Philadelphia has a rich network of world-renowned research institutions, biotech and contract research organi-zations, global inventors of medicines, medical devices and diagnostics, and 15 major health systems. Eighty percent of the U.S. pharmaceutical and biotech industry has a presence in the Delaware, New Jersey and Pennsylvania corridor.
It’s no surprise that our Tri-State community is a national leader in clinical trials, or that we are pioneering person-alized medicine, or that medical miracles are taking place here, like the world’s first pediatric double hand transplant at the Children’s Hospital of Philadelphia.
Digital Health InnovationThe Greater Philadelphia Chamber of Commerce’s Health Care Innovation Collaborative is aggressively nurturing medical breakthroughs and accelerating them to market with its new initiative: GREATER THAN Open Calls. Regional leaders representing organizations across every facet of the health care, technology, academic research, and venture funding continuum are poised to leverage billions in human and financial capital to propel ideas to commercialization. Now, more than ever, Greater Philadelphia is leading the way and is a magnet for health care innovation.
Above: GSK Headquarters at the Navy Yard - Photo courtesy of Robert AM Stern Architects Opposite page: Adaptimmune Therapeutics - Rendering courtesy of Adaptimmune
TWO NEW U.S. HEADQUARTERSTwo British biopharma companies have recently selected the region for their U.S. headquarters. Adaptimmune, with its innovative T-cell therapy, has based its clinical, translational science, manufacturing and regulatory activities out of Philadelphia since 2011, complementing its R&D operation in Oxford, England. The company is now constructing a new 47,000 square foot facility at the Navy Yard to house its expanding U.S. operations. With it come more than 110 new jobs. Immunocore, also of Oxford, England, chose Conshohocken as the U.S. base for its clinical development and medical and regulatory activities.
Their reasons include a combination of: location near to financial and regulatory centers in the U.S. as well as ease of access to Europe, excellent talent pool, opportunity to partner with world-class university R&D programs, state-of-the-art distribution technology and channels, and a high quality of life.
Greater Philadelphia is home to:› 5 children’s hospitals
› 4 National Cancer Institute designated cancer centers
› 126 hospitals
› 7th largest metro academic R&D expenditures in the nation
Major pharmaceutical companies with a presence here include: › AstraZeneca
› Bristol Myers Squibb
› BTG
› Endo
› GlaxoSmithKline
› Johnson & Johnson
› Merck
› Novartis
› Pfizer
› Teva
Source: JobsEQ
Greater Philadelphia Employment by Sector, 2015 q3
Education & Health Services - 27.4%
Leisure & Hospitality - 9%
Trade, Transportation & Utilities - 19.4%
Financial Activities - 6.2%
Professional & Business Services - 17.2%
Manufacturing - 6.5%
Construction, Natural Resources & Mining - 4%
Government - 5%
Other Services - 3.4%
Information - 1.7%
“For young scientists, Greater Philadelphia is a great place to be, especially because of the many innovation centers that help bring ideas to life.”CARL H. JUNE, MD, UNIVERSITY OF PENNSYLVANIA, PERELMAN SCHOOL OF MEDICINE
“Top 10 Most livable cities for balancing work and play”FAST COMPANY
“Top 10 Cities to relocate to in the U.S.”
THE HUFFINGTON POST
Average Annual Wages by Metro
Source: Bureau of Labor Statistics OES, 2014 q2
WASHINGTON DC
BOSTON
$64,930
$59,060
$51,740
$60,540
NEW YORK
GREATER PHILADELPHIA
VALUE
Your Money Goes Further HereThe best value in the Northeast can be found in Greater Philadelphia. Compared to Boston, New York and Washington, D.C., this region has a lower cost of doing business, lower office rental rates, lower cost of labor, and more affordable housing.
There is stability here, too. The price of housing is more stable than other cities. Greater Philadelphia also has a diverse economic base offering a wide variety of job opportunities for spouses, partners and families of executives and professionals moving to the area.
Wilmington, Delaware skyline
Average Class A Office Rental Rates ($/sqf) 2016q1
Source: Jones Lange LaSalle
$72.57
NEW YORK CITY
$72.04
SAN FRANCISCO
$36.93
WASHINGTON DC
$36.60
LOS ANGELES
$35.48
MIAMI
$33.77
BOSTON
$29.75
CHICAGO
$29.82
HOUSTON
$24.02
PHILADELPHIA
$22.98
ATLANTA
Source: KPMG Competitive Alternatives
Note: Business costs are expressed as an index, with the US being assigned the baseline index of 100.0. A cost index less than 100 indicates lower costs than the US.
Business Cost Index Among Largest Metros, 2014
Rank City Cost Index
1 Atlanta 94.7
2 Dallas-Fort Worth 96.8
3 Miami 97
4 Houston 98
5 Chicago 99.1
6 PHILADELPHIA 99.4
7 North Virginia, Metro DC 100.12
8 Los Angeles 100.5
9 Boston 101.1
10 New York City 103.6
Financial Services in Greater PhiladelphiaHome to Vanguard, SEI, Radian, Delaware Investments, Lincoln Financial, Chubb, Colonial Penn and more, Greater Philadelphia is a powerhouse of world-class financial services leaders. Located at the heart of one of the wealthiest regions in the world, scores of banks and investment houses large and small have deep roots here, or have established operations in this market — Bank of America, Bank of NY Mellon, JP Morgan Chase, Janney Montgomery Scott, Citizens Bank, PNC Bank, TD Bank, Wells Fargo, and more than 4,000 other organizations recognize the opportunities offered in this desirable community of northern Delaware, southern New Jersey, northern Delaware, and southeastern Pennsylvania.
King of Prussia surgesWith $1 billion in projects, King
of Prussia is burgeoning with new multifamily residential and retail
construction. At the center, a $150 million, 170,000 square foot expansion
of the iconic King of Prussia Mall.
Wilmington’s new creative district
More robust than a traditional ‘arts’ district, this will be a place where
goods are made and sold and anyone whose profession harnesses creativity
and innovation can live and work.
The first step: Philadelphia’s NextFab high-tech maker-space is opening
a 3,500 square foot facility, bringing with it a focus on entrepreneurship
and product development.
Great Valley Corporate Center reimagined
The venerable suburban corporate campus, home to 80
buildings and anchor of the Route 202 high-tech corridor, will get a
major facelift. The plan to transform the 700-acre park calls for a new live / work / play town center with office buildings and amenities to
attract younger workers, plus parks, shops, restaurants, retail, and hotels.
New vision for Claymont Steel site
Redevelopment of a former steel mill in Claymont, Delaware into an
office, manufacturing and transit hub is on the drawing boards.
Envisioned are a 30-acre corporate center, 12-acre transit center,
and 41 acres of manufacturing, research and warehouse space.
TRANSFORMATIONS
The new Greater PhiladelphiaCorporate developments, company relocations, and new work-live-play areas are changing the face of our communities — from Camden, Philadelphia, and Wilmington, to Malvern, King of Prussia, and Fairless Hills. Never before has the region experienced so many positive transformations. Across Greater Philadelphia, major development projects representing over 3 million square feet of new office and mixed-used space and over $10 billion in capital investments have been announced or are under construction.
Above: Rendering of uCity Square - Rendering courtesy of Wexford Science + Technology Opposite page: Rendering of the Camden waterfront on the Delaware River - Rendering courtesy of VOLLEY/Robert A.M. Stern Architects
Major development projects representing over 3 million square feet of new office and mixed-used space and over $10 billion in capital investments have been announced or are under construction.
A WATERSHED MOMENT IN CAMDEN An unprecedented public-private initiative, new corporate headquarters, technology centers and a reimagined waterfront are coming together to transform Camden into one of America’s great cities again.
› Adjacent to Campbell Soup’s world head-quarters is a master-planned urban town center being developed by Brandywine Realty Trust where Subaru of America is building its $118 million, 200,000 square foot corporate headquarters.
› Liberty Property Trust’s bold $1 billion plan to connect the waterfront to downtown is the biggest private- sector investment in the city’s history.
› Philadelphia 76ers’ $82 million, 120,000-square-foot front office and practice facility is the most advanced in its league
› Holtec International’s state-of-the-art, $260 million, 500,000-square-foot technology and manufacturing center will build components for the power industry.
North Broad Street renaissanceOnce one of the most fashionable thoroughfares in Philadelphia, North Broad is undergoing a vibrant makeover. Led by Temple University, Temple Health System, and private developers, it starts with striking new lighting down the middle of the corridor, a symbol of the coming renaissance, and continues with major transformations of historic buildings that are now becoming new locales to live, work and dine.
Tech calls N3rd Street homeNorth Third Street in Philadelphia’s Northern Liberties neighbor-hood has emerged as one of the region’s — and nation’s — top places to establish and grow a creative, tech-focused company.
Heading west: uCity Square The largest urban research park in the U.S., Philadelphia’s University City Science Center, is swelling from two to six million square feet. The massive redevelopment project will create “a community of ingenuity” with a mix of cutting edge lab, office and retail space.
Revitalizing Market East Unlocking the potential of Philadelphia’s “Main Street” is a $200 million mixed-used project called East Market. Near Independence Mall, the live-work-play area is designed to put “the market” back on Market Street with a cobblestone walkway lined with stores and restaurants and a 17-story tower for 300 apartments and offices.
Philadelphia Navy Yard sailing alongThis dynamic waterfront business campus is growing quickly with corporate headquarters, expanding businesses and startups. So far, it has attracted 152 companies with 11,000 employees. At full build-out, the 1,200-acre site will support up to 20 million square feet of development and 30,000 people.
ENERGY
Harnessing Our Market PowerWith the largest oil-refining complex on the Eastern Seaboard, multi-billion dollar investments in new pipelines and an unmatched transportation and distribution infra-structure, Greater Philadelphia is the strategic energy location in the Northeast corridor of the U.S. The game changer: just 100 miles to the north and west are the Marcellus and Utica Shale reserves — the largest supply of natural gas in North America.
Greater Philadelphia Energy Action TeamIt’s a historic opportunity, driven by the Greater Philadel-phia Energy Action Team: a coalition of C-level private and public leaders who share a common vision and have joined forces to leverage our leadership in energy produc-tion, distribution, technology, exports and imports. With a dynamic and unique infrastructure of pipes, rails, highways, and ports — combined with access to natural gas reserves, deep experience in oil refining, and engineering expertise, and proximity to the northeast major population center and key European markets — Greater Philadelphia is already a world-class epicenter for energy production and distribu-tion that is now evolving to be the next Global Energy Hub.
100 miles to the north and west are the Marcellus and Utica Shale reserves — the largest supply of natural gas in North America.
Opposite page: Marcus Hook Industrial Complex (MHIC)
Pennsylvania is home
to the first oil and coal
operations, and today is home to the largest
reserve of natural gas in
the U.S.
“The business community is very welcoming. Any company outside of the U.S. looking for a place to do business related to energy should seriously look at Philadelphia.”FERNANDO MUSA, CEO, BRASKEMAMERICA
“Greater Philadelphia has the human capital, the intellectual capital, the physical infrastructure, and the funding to be the next Global Energy Hub.”DANIEL YERGIN, PULITZER PRIZE-WINNING AUTHOR OF THE PRIZE, A HISTORY OF THE ENERGY BUSINESS
Marcellus and Utica Dry Gas Production
SUNOCO LOGISTICS: IT’S IN THE PIPELINE Sunoco Logistics has invested $3 billion to create a world-class natural gas liquids (NGLs) hub at its Marcus Hook Industrial Complex (MHIC), with two pipeline projects for ethane and propane. Mariner East 1 today delivers 70,000 barrels per day (BPD) of NGLs from the Marcellus/Utica shale.
Ships filled with ethane are sailing from the MHIC, located along the Delaware River in Pennsylvania’s Delaware County neighborhood, to Europe to fuel manufacturing there. This marks a new export trade for the region, and a boon to the ports and energy industries in both regions of the world. When Mariner East 2 begins operations in early 2017, capacity will expand to 345,000 BPD with growth expected up to 700,000 BPD.
PHILADELPHIA ENERGY SOLUTIONS: LARGEST OIL REFINERY ON THE EASTERN SEABOARDPES receives three unit trains of Bakken crude oil from North Dakota daily and produces over 335,000 BPD. PES is expanding operations to process shale gas into end-use products such as fertilizers, and to power a co-generation facility. PES today utilizes half of its 1,440-acre site; the other half is a prime development opportunity for projects that use natural gas as a feedstock.
MONROE ENERGY’S Trainer, PA refinery in Delaware County is producing jet fuel for Delta Airlines.
BRASKEM AMERICA INC. has harnessed the unique assets and infrastructure at MHIC and today is producing polypropylene that it distributes to customers around the world.
-
5,000
10,000
15,000
20,000
25,000
Jan-07
Jan-08
Jan-09
Jan
-10
Jan-11
Jan-12
Jan
-13
Jan-14
Jan-15
Jan
-16
Mcf
/d
Source: U.S. EIA February 2016 Drilling Productivity ReportMarcellus Region Utica Region
Becoming an Energy Hub› 5 major refineries: PES, PBF
(DE and NJ), Monroe, Axeon
› 100 years of natural gas supply in the Marcellus and Utica Shale reserves
› 100% of East Coast oil refining is located within a 50 mile radius
› Five natural gas pipeline projects are currently in the planning stages or under construction in the region
INFRASTRUCTURE
East Coast Gateway to the WorldAny company interested in getting its people and products around the world and the U.S. will find Greater Philadelphia’s location and infrastructure unparalleled. The northern Delaware, southern New Jersey and southeastern Pennsylvania community is the gateway to reach the U.S. market, and is one of the top distribution channels for global exports.
Greater Philadelphia is in the heart of the 5th largest economy in the world, with 40 percent of the U.S. population within a day’s drive and 60 percent of the U.S. and Canadian populations accessible via a 2-hour flight.
In 2015, global real estate leader CBRE named three emerging global logistics hubs in the U.S. — Greater Philadelphia is one of them. These hubs are a backbone of today’s worldwide supply chain. Infrastructure expertise is the key:› 5 international airports within a 90-minute drive› 2 Class I freight railroads› 3rd busiest AMTRAK station in the U.S.› 100+ interstate highway interchanges › 3 major shipping ports along the Delaware River
Greater Philadelphia:
Named an emerging
global logistics hub, one of
only 3 in the U.S. in 2015.
CBRE
30th Street Station - Photo courtesy of Edward Savaria Jr. for PHLCVB Opposite page top: Rendering of a completed Port of Paulsboro - Rendering courtesy of South Jersey Port Corporation and Holt Logistics Corp. Opposite page bottom: Philadelphia Wholesale Produce Market - Photo courtesy of Heather DiPiazza Photography
FIRST NEW PORT IN 50 YEARSThe deepening of the Delaware River from 40 to 45 feet to accommodate larger ships is set for completion in 2017. This $330 million project set into motion the opening of the Port of Paulsboro in Gloucester County, New Jersey in 2016. It’s the first new port to be built on the Delaware River in 50 years and brings miles of new rail lines and an anticipated 2,000 jobs to southern New Jersey. The port’s first tenant, NMLK Steel, signed a deal with Holt Logistics and South Jersey Port Corporation and will soon bring large steel slabs up the river daily.
The Port of Paulsboro joins the Port of Philadelphia and the Port of Wilmington as major import-export gateways driving jobs and growth across the 11-county region.
Access to the world› The Port of Philadelphia has experienced
five consecutive years of double-digit cargo growth and is poised for expansion with the development of the 196-acre Southport Terminal.
Hundreds of distribution centers make their home in Greater Philadelphia. Among them:› The largest contiguous refrigerated
facility in North America is the Philadelphia Wholesale Produce Market — a gateway for fruits and vegetables from around the world.
› Amazon’s four massive warehouses in Greater Philadelphia ranging from 500,000-1 million sq. ft, two in Middletown and New Castle, Delaware, a third in Robbinsville, New Jersey and a fourth facility currently being constructed in Florence, New Jersey.
› The Port of Philadelphia’s 52-acre forest-products facility.
› American Airlines’ new 25,000 square foot temperature-controlled warehouse adjacent to the Philadelphia International Airport is the only facility of its kind on the Northeast corridor. It’s designed for sensitive pharmaceutical therapies and biologics requiring consistent supply chain expertise for medicines to reach patients around the world.
› UPS maintains a similar state-of-the-art, temperature-controlled facility and vehicles in Philadelphia for ground transport of medicines and therapies.
One of the top 10 growing global ports.JOURNAL OF COMMERCE
ADVANCED MANUFACTURING
Making it GreatKnown as the “manufacturing mecca of the 19th century,” Greater Philadelphia today is a choice destination for producers of consumer and industrial products, and new technologies. It starts with a highly-skilled labor force of business, science, and engineering experts along with technicians and workers professionally-trained at scores of trade schools and technical colleges.
Today, approximately 34 percent of Greater Philadelphia’s manufacturing employment is in advanced manufacturing, exceeding the national average of 25 percent.
Our strategic location, exceptionally reliable low-cost energy, and unmatched infrastructure of ports, railways, interstate highways and airports make the region a perfect location for companies that need convenient, consistent, and robust distribution of their goods.
For more than a century, our transportation infrastructure has been the driving force behind Greater Philadelphia’s diverse manufacturing base spanning industries including aerospace, automotive, chemical, communications and electrical equipment, computer hardware, energy, food, medical instruments, paints, pharmaceuticals, and power and petroleum refining.
Today, approximately
34 percent of Greater
Philadelphia’s manufacturing
employment is in advanced
manufacturing, exceeding
the national average of 25
percent.
Opposite page left: Fedegari Tech Center, Sellersville, PA - Photo courtesy of Fedegari Technologies. Opposite page right: LUXTECH Innovation is a manufacturing company located in the Navy Yard that specializes in aiding original equipment manufacturers to bring LED fixtures to the market - Photo courtesy of Jason Heritage and Ben Franklin Technology Partners of Southeastern PA
MANUFACTURERS PLANT NEW LOCATIONS IN REGIONCompanies are recognizing Greater Philadelphia as an excellent place to build and expand their plants, their testing centers, and their technology facilities.
Italian manufacturing company Fedegari Technolo-gies, specializing in sterilization and decontamination technology for biopharmaceuticals, opened a $2.9 million, 10,000-square-foot technology center in Bucks County, Pennsylvania.
Nebraska-based Universal Pasteurization is expanding their operations into the Northeast region of the U.S. and chose Malvern, Pennsylvania to build their 170,000-square-foot facility for High Pressure Processing (HPP), cold storage and other services to
food companies. Among the reasons Universal chose this region: four major interstates and close proximity to a wide variety of food and beverage companies.
When seeking to establish U.S. operations, Puratos of Belgium, an innovator in the bakery, patisserie, and chocolate industry, selected Cherry Hill, New Jer-sey for its $50 million manufacturing and warehouse facility. Talent, cost of doing business, distribution channels, and quality of life made southern New Jersey the perfect fit for the Puratos team.
PREPARING HIGH-TECH WORKERSCollaboration is creating a pipeline of skilled workers so manufacturing can thrive in a new era. County governments have partnered to form manufacturing alliances, and unified training programs are now the norm. Likewise, a new alliance between industry and
educational institutions is providing students with advanced skills for exciting, high-tech careers. The bottom line: public/private partnerships are infusing a new economic vibrancy across the region by creat-ing high-tech jobs and training students to fill them.
Top or expanding manufacturers include:The merger of Delaware-based DuPont with Dow Chemical has created mammoth specialty chemicals, agricultural, and materials sciences company known as DowDupont. Recognizing the tremendous assets of the region — including a highly-skilled workforce, and comprehensive distribution channels — the newly formed organization is anchoring two of its three new businesses in Wilmington, Delaware.
A few of the other notable global leaders in manufacturing:
› Aerzen
› AgustaWestland
› AstraZeneca
› Boeing
› Bristol-Myers Squibb
› Campbell’s Soup
› GlaxoSmithKline
› Holtec International
› Johnson & Johnson
› Lockheed Martin
› Merck
› Novo Nordisk
› Pfizer
› Puratos Corporation
QUALITY OF LIFE
Simply SensationalDynamic, modern, cutting-edge, historic, cool — the vibe in our region is one of pure excitement, and for good reason. Home to the nation’s first zoo, ice cream soda, basketball game, botanical garden and oldest operating theater, the Greater Philadelphia region has a rich legacy of arts and culture, outdoor life, sports, food and entertainment. We embrace new restaurants, music venues and cultural festivals with the same fervor as our seven professional sports teams.
Pop-up beer gardens and pocket parks are as popular as our historic sites and museums, including the world-renowned Barnes Foundation, which put Greater Philadelphia on the map as one of the premier art destinations in the world.
In 2015, Philadelphia was named the first World Heritage City in the U.S., enhancing the region’s global profile. In 2017, the groundbreaking new Museum of the American Revolution will open its doors, adding to our cultural assets… and our pride.
For adults and children alike, there’s a never-ending list of things to do, see, and learn.
Philadelphia was named
the first World Heritage City
in the U.S.
Longwood Gardens - Photo courtesy of B. Krist for Visit Philadelphia Opposite page, top to bottom: Doylestown, PA Dilworth Park - Photo courtesy of Matt Stanley Center City District Boathouse Row
LargestPublic arts initiative in the U.S. – Philadelphia Mural Arts
Indoor Flower Show — The PHS Philadelphia
Flower Show
Urban park system — the 9,200-acre Fairmount Park
“The Brandywine Valley’s 350 square miles, including rolling hills, manicured estates and the sparkling Brandywine River, offer visitors a seductive trip through history.”THE NEW YORK TIMES
With 30 public gardens in 30 miles and so much of the nation’s horticultural history rooted here, Greater Philadelphia is dubbed “the cradle of horticulture” and
“America’s Garden Capital.” Of note, Chester County’s iconic Longwood Gardens, and Philadelphia’s Bartram’s Garden, the oldest still-living botanical garden in all of North America.
Historic treasures extend far beyond Philadelphia’s Independence Mall, with southern New Jersey serving as home to 21 National Historic Landmarks and New Castle County, Delaware boasts 10.
“Place to visit in America”NEW YORK TIMES, JANUARY 2015
“Best Urban Trail —Schuylkill River Trail”USA TODAY, JULY 2015
“Next Great Food City”TRAVEL + LEISURE
#1
Cost of Living Difference Compared to Greater Philadelphia
Source: Council for Community and Economic Development, 2015.
NEW YORK
WASHINGTON DC
25%
21%
17%
23%
BOSTON
LOS ANGELES
ABOUT SELECT
Let us be your guideSelect Greater Philadelphia is the business attraction organization for the 11-county region of northern Delaware, southern New Jersey and southeastern Pennsylvania. We are focused on shaping and showcasing the image and reputation of Greater Philadelphia by telling the story of our region and its business assets through a clear narrative that positions our neighborhood nationally and globally — and regionally too, encouraging businesses to establish and grow their operations in our community.
The Select team delivers comprehensive services that support our mission and add value for our investors, partners and prospects, including:MARKETING & COMMUNICATIONSWe tell the story of working, growing, living, and playing in the 11-county region, encouraging companies to locate or expand their operations in our community. Paid advertising, media relations, online messaging, and events that bring partners and prospects together are examples of the wide-ranging communications activities Select develops and implements.
BUSINESS EXPANSION SERVICESSelect is the “go to” team for companies, site selectors, and real estate representatives working on behalf of organizations from around the world seeking to locate or expand in our region. We listen, understand, advise, and guide the course of location and expansion activities.
CONNECTOR & COLLABORATOR SERVICESWe connect organizations seeking to locate or expand in the region with economic development teams, real estate professionals, business experts, civic and community leaders, and others as needed to help move plans and ideas from concept to reality.
RESEARCH SERVICESSelect’s team of professional researchers provide comprehensive regional data to help site selectors, economic development teams, real estate professionals and others make informed decisions related to locating and expanding across the 11-county region.
SELECT OPERATING COMMITTEE
Anthony S. Bartolomeo, P.E. President & CEO, Pennoni
Matthew P. Cabrey Executive Director, Select Greater Philadelphia
Michael C. Carbone Greater Philadelphia Metro Market President, TD Bank
Nicholas DeBenedictis Chairman, Aqua America, Inc.
Ernest J. Dianastasis Managing Director, CAI The CAI Innovation & Technology Center
Harold T. Epps Commerce Director, City of Philadelphia
Daniel K. Fitzpatrick President and CEO of PA, NJ, DE, NY Citizens Bank, Comcast Center
John A. Fry President, Drexel University
Paula K. Fryland Regional President, Philadelphia & Southern New Jersey, PNC
William P. Hankowsky Chairman, President and CEO, Liberty Property Trust
Dr. Patrick T. Harker President and CEO, Federal Reserve Bank of Philadelphia
Dr. Ali A. Houshmand President, Rowan University
Richard P. Miller CEO, Virtua
Denis P. O’Brien Senior Executive Vice President, Exelon Corporation CEO, Exelon Utilities Exelon Corporation
William R. Sasso, Esq. - Chair Chairman, Stradley Ronon
Robert Wonderling President and CEO, Greater Philadelphia Chamber of Commerce
Stephen T. Zarrilli President and Chief Executive Officer, Safeguard Scientifics, Inc.
ECONOMIC DEVELOPMENT PARTNERSNORTHERN DELAWARE
Delaware Economic Development Office
Bernice Whaley (302) 672-6808 [email protected]
NEW CASTLE COUNTY
New Castle County Economic Development Council
Robert Chadwick (302) 294-2058 [email protected]
SOUTHERN NEW JERSEY
New Jersey Economic Development Authority
Timothy J. Lizura (609) 858-6657 [email protected]
New Jersey Business Action Center
Joseph Constance (609) 984-6922 [email protected]
Choose: New Jersey
Margie Piliere (609) 297-2190 [email protected]
Cathy Scangarella (609) 297-2203 [email protected]
BURLINGTON COUNTY
Economic Development & Regional Planning Burlington County Bridge Commission
Mark A. Remsa (609) 265-5055 [email protected]
CAMDEN COUNTY
Camden County Improvement Authority
James R. Lex (856) 374-6152 [email protected]
GLOUCESTER COUNTY
Gloucester County Department of Economic Development
Tom Bianco (856) 384-6930 [email protected]
MERCER COUNTY
Mercer County Office of Economic Opportunity and Sustainability
Elizabeth Maher Muoio (609) 989-6555 [email protected]
SALEM COUNTY
Salem County Economic Development
Kathleen Mills (856) 935-7510 x 8384 [email protected]
SOUTHEASTERN PENNSYLVANIA
Department of Community & Economic Development Office of International Business
Joseph Burke (717) 720-7366 [email protected]
David Briel (717) 720-7373 [email protected]
Governor’s Action Team
Brent K. Vernon (717) 787-8199 [email protected]
PECO, an Exelon Company
Phillip Eastman (215) 841-5640 [email protected]
BUCKS COUNTY
Bucks County Economic Development Corporation
Robert F. Cormack (215) 348-9031 x.12 [email protected]
Bucks County Industrial Development Authority
Jorden P. (Pete) Krauss (267) 880-6071 [email protected]
County of Bucks
Margaret A. McKevitt (215) 345-3400 [email protected]
CHESTER COUNTY
Chester County Economic Development Council
Gary W. Smith (610) 321-8218 [email protected]
DELAWARE COUNTY
Delaware County Economic Development Office
J. Patrick Killian (610) 566-2225 [email protected]
MONTGOMERY COUNTY
Montgomery County
Carolina C. DiGiorgio, Esq. [email protected] (610) 278-3329
PHILADELPHIA COUNTY
City of Philadelphia
Harold T. Epps (215) 683-4600 [email protected]
Alternate Representatives: Duane H. Bumb (215) 683-2005 [email protected]
Sara Merriman (215) 683-2107 [email protected]
Lauren Swartz (215) 683-2073 [email protected]
Philadelphia Industrial Development Corporation (PIDC)
John Grady (215) 496-8164 [email protected]
The Navy Yard
Prema Katari Gupta [email protected] (215) 218-2847
SELECT GREATER PHILADELPHIA, a Council of the Greater Philadelphia Chamber of Commerce, is the business attraction marketing organization for the 11-county region of northern Delaware, southern New Jersey and southeastern Pennsylvania. Through a dedicated focus on marketing and communications activities, Select showcases Greater Philadelphia to a regional, national and international audience with the goal of growing the economic vibrancy of our collective community by creating new jobs through attracting new businesses to the area and supporting the expansion of existing organizations.
Select Greater Philadelphia • 200 South Broad Street, Suite 700 • Philadelphia, PA 19102 - 3813 www.selectgreaterphiladelphia.com • 1-215-790-3653
Constructor
American Executive Centers
American Solutions for Business
BDO
Berkshire Hathaway HomeServices Fox & Roach, Realtors
Blank Rome LLP
Buchanan Ingersoll & Rooney
CAI
CBRE
Day & Zimmermann
Diversified Search, Inc.
Drinker Biddle & Reath, LLP
Grimm & Grove
Janney Montgomery Scott
JLL
JP Morgan Chase
Kreischer Miller
Manko Gold
McCormick, Taylor & Associates, Inc.
Mitchell & Titus
Montgomery McCracken Walker & Rhoads
Rowan University
Royer Cooper Cohen & Braunfeld
The Buccinni/Pollin Group
Tierney
UGI Corporation
United Parcel Service (UPS)
W.L. Gore & Associates, Inc.
Developer
Cultivator
Thanks To Our SupportersSelect acknowledges with appreciation the following partners that have invested in Select’s efforts to market the region and attract businesses to Greater Philadelphia.
Support SelectSELECT GREATER PHILADELPHIA is supported by business and civic leaders who want to infuse a new
economic vibrancy across our region by creating new jobs and attracting new businesses to our community. To learn more about ways to engage with Select, please
contact Matt Cabrey at [email protected] or at 215-790-3727.
SPECIAL THANKS TO:
Builder