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The Market2019-05-18T17:11:09+00:00

Philadelphia is one of the United States’ most historic and significant cities.

Philadelphia, one of the United States’ most historic and significant cities, today ranks among our nation’s most dynamic and forward-looking.

The first capital of the United States, Philadelphia today is the second-largest city on the East Coast and the sixth-largest nationwide, with the third-most populous downtown among all U.S. cities. As an urban region, the Greater Philadelphia Metro Area has the nation’s fourth-largest GDP, at $432 billion, and consistently ranks as a top-five Designated Market Area (DMA) by Nielsen.

In recent years, the city’s population – particularly among younger generations — has grown steadily, fueled by an influx over the past 15 years of more than 135,000 Millenials, as well as Philadelphia’s many college students, two-thirds of whom indicate they plan to stay in the city after graduating.

Over the next 15 to 20 years, the Philadelphia Planning Commission expects employment in the city to grow by 40,000 and in the greater Philadelphia region by 300,000.

AN IMPORTANT BUSINESS HUB

Generating that employment will continue to be a diverse and balanced economic base including nearly 20 Fortune 500 companies in the Philadelphia metro area, including these, located within the city and throughout the local suburbs, and easily accessible from Liberty on the River:

  • AmerisourceBergen – Chesterbrook, PA
  • Comcast – Philadelphia, PA
  • DowDuPont – Wilmington, DE
  • Aramark – Philadelphia, PA
  • Lincoln National – Radnor, PA
  • Universal Health Services – King of Prussia, PA
  • Crown Holdings – Philadelphia, PA
  • Campbell Soup – Camden, NJ
  • UGI – King of Prussia, PA
  • Burlington Stores – Burlington, NJ
  • Chemours – Wilmington, DE
  • Toll Brothers – Horsham, PA
  • Urban Outfitters Corporate Office Campus @ Philadelphia Naval Ship Yard

KEY ECONOMIC DRIVERS: HIGHER EDUCATION AND HEALTHCARE

According to the U.S. Bureau of Labor Statistics, education and the healthcare sector have been in the vanguard in terms of Philadelphia’s employment growth in recent years – and one need only to look at the landscape in both of these critical areas to see why.

Within one hour’s drive of Liberty on the River are no fewer than 115 universities and colleges, including the University of Pennsylvania, Drexel University, Temple University, St. Joseph’s University, LaSalle University, and many others.  Together, these higher education institutions enroll almost 450,000 full- and part-time students, and grant 90,000 degrees annually.

Philadelphia is also home to some of the nation’s finest hospitals and healthcare facilities, including the University of Pennsylvania, Jefferson and Penn Presbyterian healthcare Hospital.

WORLD-CLASS TRAVEL DESTINATION

Philadelphia is not only a thriving city to locate a business, work, or attend college.  It’s also a great place to visit.  In 2017, Philadelphia received a record 43.3 million visitors, who spent more than $7.1 billion, according to Visit Philadelphia.  That marked the eighth straight year of visitation growth.

The city’s tourism attractions are many, and include historical sites such as the Liberty Bell Pavilion and Independence Hall; some 47 museums, including the Pennsylvania Academy of Fine Arts Museum; 17 theatres and music performance halls; and the home venues of the Phillies baseball team, Seventy-Sixers basketball team, Flyers hockey team, and the 2018 Super Bowl Champion Philadelphia Eagles football team.

  • Children's Hospital of Philadelphia
  • Cooper University Hospital