FACTS FUELING
GROWTH
ACROSS GREATER
PHILADELPHIA
The 11 counties across northern Delaware, southern
New Jersey, and southeastern Pennsylvania that
constitute Greater Philadelphia are at the heart of one
of the nation’s wealthiest and most populous areas and
a top 5 US Market. Over 6.4 Million people call our 4,507
square mile region home. In addition our region boasts:
2ND LARGEST URBAN DENSITY IN UNITED STATES
FOR DOWNTOWN PHILADELPHIA
4TH
6TH
6TH
7TH
LARGEST MEDIA MARKET
LARGEST PERSONAL INCOME
LARGEST IN EMPLOYMENT
IN ACADEMIC R&D EXPENDITURES
Greater Philadelphia is perfectly
positioned in the heart of 40% of
the US population. 6.4 Million people
call Greater Philadelphia home.
6.25 hours
PHL BOS
Boston
1.5 hours
PHL NYC
New York
Greater
Philadelphia
2 hours
PHL DC
Washington, D.C.
Strategically located
between New York City, and
Washington, D.C., at the core
of the country’s wealthiest
and most densely populated
region, Greater Philadelphia is
the perfect place to establish
and grow your business.
With a labor force of approximately 3 Million people, Greater
Philadelphia has the nation’s 6th largest workforce, ranking
above cities such as Boston, San Francisco, and Houston.
Greater Philadelphia’s Gross Regional Product of almost
$420 billion — makes the region one of the top 3 metropolitan
areas in the Northeast.
Top Economic Sectors in
Greater Philadelphia by Employment
Education & Health
Services: 27.38%
Trade, Transportation
& Utilities: 19.37%
Professional & Business
Services: 17.22%
Leisure & Hospitality: 9.03%
Manufacturing: 6.49%
Financial Activities: 6.19%
Government: 5.09%
Construction, Natural
Resources & Mining: 4.06%
Other Services: 3.43%
Information Technology: 1.73%
More reasons to call Greater Philadelphia home:
Greater
Philadelphia is a top
3 BioScience Cluster
in Northeast US
Affordable housing:
lowest housing
cost of large east
coast metros
Shortest commute
time of large metros
on east coast
Lower cost of living
than New York,
Boston and D.C.
Lowest rental rate for
Class A Industrial space
of New York, Boston,
D.C., and Atlanta
Over 25 Fortune 500
companies call
the Philadelphia
region home
Lowest rental
rates for Class A
office space in
Northeast Corridor
Largest oil refining
complex on the
Eastern seaboard
Top employers in Greater Philadelphia include:
Greater Philadelphia is a national leader
in higher education with:
Over 100
degree-granting
institutions
Approximately
500,000 full and
part-time students
730 trade and
certificate programs
35% of residents in
Greater Philadelphia
hold a bachelor’s
degree or higher,
compared with
a national average
of 29%
6 medical schools,
3 pharmacy schools,
and two dental schools
Greater Philadelphia has a welcoming business
community with strong international connections.
1 OUT OF EVERY 10 PEOPLE
IN GREATER PHILADELPHIA
WAS BORN OUTSIDE THE US
Greater Philadelphia is at the intersection of the country’s major
highway infrastructures, with over 100 interstate highway
interchanges connecting to the Greater Philadelphia region.
The region’s bustling transportation also boasts:
Over 11,000 daily
Amtrak riders
3 major ports
with over 30 active
port terminals
Over 30 Million
people travel
through PHL
airport annually
PHL offers 550
daily departures
to 128 cities
around the world
In addition, the region is poised for growth in the following sectors:
Energy & Manufacturing
Greater Philadelphia has regained it’s mantle as a national leader in energy
production, resources, and innovation. New infrastructure transporting the natural
gas and its liquid by-products to the region will not only reduce energy costs, but also
establish the area as a shipping hub and destination for manufacturers that need
either reliable low-cost power or that use natural gas as a feedstock.
Healthcare Innovation
Over the past six years, the Greater Philadelphia region has experienced a surge in
digital health innovation. The sector’s growth has both contributed to and benefited
from the region’s strengths, with more than 2,000 medical technology companies
calling the Greater Philadelphia region home. Of those, over 100 are specifically
focused in the digital health vertical with more than half focusing on improving the
effectiveness and efficiency of health care providers, including hospitals, physicians
and other caregivers.
Entrepreneurship
Greater Philadelphia is a place where entrepreneurs thrive. We are among the
top regions for venture capital investment — with biotechnology, medical devices
and equipment, IT services and software leading the way. This innovative and
forward-thinking community supports and develops a blossoming entrepreneurial
ecosystem with some of America’s most innovative startup companies, universities,
incubators, venture capital investors, and accelerator programs.
About Select Greater Philadelphia
SELECT GREATER PHILADELPHIA (SELECT) 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 supporting the expansion of existing organizations.
The Select team delivers comprehensive services that support our mission
and add value for our investors, partners and prospects, including:
Marketing & Communications
We 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 Services
Select 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 Services
We 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 Services
Select’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.
For more information on Select’s services,
please visit SELECTGREATERPHILADELPHIA.COM,
email us at [email protected], or call 215-790-3740.