February 21, 2014 – The City of Philadelphia Department of Commerce, in partnership with the Philadelphia Industrial Development Corporation (PIDC), released a short video today highlighting a range of economic development success stories from the last 12 months. The video features news headlines from 2013 and 2014 that reflect an economy that is growing and a city whose skyline is being reshaped by an unprecedented level of development; whose diverse economy is growing; a city where companies of all sizes are increasingly choosing to start, stay, and grow; and a place which is attracting more young, creative, educated workers than any other major American city.
“This is a very exciting time for Philadelphia as our economy bounces back, investments accelerate, and new companies choose our city as their home,” said Alan Greenberger, Deputy Mayor for Economic Development. “After some very tough years we’re now seeing a great deal of interest in the city from companies across the region, the country and the world, and working with our economic development partners we are focused on growing our economy and creating jobs in Philadelphia. Here’s to an even busier 2014!”
The Department of Commerce works in close partnership with PIDC on a range of economic development-related issues including business attraction and retention, real estate development, and strategic planning for the region’s economy.
“PIDC is proud that our continued partnership with the City of Philadelphia and Greater Philadelphia Chamber of Commerce has helped to support such positive growth and development in the city this past year,” said John Grady President of PIDC. “Going forward, PIDC will continue to focus on launching new flexible financing products for small businesses, planning for the next phase of industrial and commercial activity at The Navy Yard and in the Lower Schuylkill River district, and continuing our investments in innovation through Startup PHL.”
The video features a number of highlights from the last 12 months including:
§ Australian energy efficiency firm Ecosave’s move to Philadelphia;
§ Axalta Coating System’s choice of Center City for its global headquarters;
§ Growth of Mark Group, a British energy efficiency firm located at the Philadelphia Navy Yard;
§ Urban Outfitters’ expansion and projected creation of 2,000 new jobs in Philadelphia;
§ Support for Philadelphia’s startup community through initiatives such as Startup PHL and the establishment of a public/private Seed Fund in partnership with First Round Capital;
§ DreamIt Ventures picking a site on Drexel University’s campus for its world headquarters;
§ Emergence of the Philadelphia region as an energy hub;
§ Increase in the number of suburban companies, such as NetPlus, expanding to or moving to Philadelphia in search of young talent;
§ Philadelphia’s support of small businesses in partnership with Goldman Sachs’ 10,000 Small Businesses Initiative;
§ Mayor Nutter’s push to improve the international perception of Philadelphia, including his recent trade mission to the United Kingdom and Israel;
§ The region’s focus on the growth of the manufacturing sector through the Mayor’s Manufacturing Task Force;
§ Strategic planning for the Lower Schuylkill River;
§ A ‘building boom’ in Philadelphia, including major projects such as Cira Center South and the new Comcast Innovation and Technology Center.
These are just a sample of the many exciting things happening in the Philadelphia economy. To see the full video visit:https://www.youtube.com/watch?v=zL0gKQdkS0U