Select Greater Philadelphia
Greater Philadelphia
2014
Perfectly Positioned
Boston
New York
Greater Philadelphia
Washington DC
Chicago
San Francisco
Los Angeles
Atlanta
Phoenix
Dallas-Fort Worth
Houston
Miami
Heart of the World’s 5th Largest Economy
RANK COUNTRY
200-mile (322km) radius
GDP ($ trillion)
1
United States
14.6
2
Peoples Republic of
China
5.7
3
Japan
5.4
4
Germany
3.3
5
GREATER
PHILADELPHIA
2.8
6
France
2.6
7
United Kingdom
2.3
8
Italy
2.0
9
Brazil
2.0
10
Canada
1.6
(200 mi. Market Area)
Source: IHS Global Insight, International Monetary Fund
Powerful Market
Market Size within 200 Miles of Major U.S. Cities
Population
Total Income
New York
49.6 Million
$1.51 Trillion
Philadelphia
47.0 Million
$1.46 Trillion
Washington D.C.
34.3 Million
$1.02 Trillion
Boston
31.7 Million
$981.2 Billion
Chicago
25.4 Million
$659.7 Billion
Los Angeles
23.8 Million
$627.0Billion
Detroit
21.7 Million
$535.0 Billion
Atlanta
18.8 Million
$441.5 Billion
San Francisco
14.8 Million
$456.6Billion
Dallas-Fort Worth
14.6 Million
$352.0 Billion
Houston
13.9 Million
$323.2 Billion
Miami
10.3 Million
$282.1 Billion
Source: Claritas
Greater Philadelphia
 Population
 6.4 million (6th)
 Employment
 3.0 million (7th)
 Personal Income
 $325.8 billion (7th)
 Gross Regional Product
 $340.7 billion (8th)
Sources:
IHS Global Insight, U.S. Bureau of Labor Statistics, U.S. Census Bureau
Diverse Economy – Job Shares
Trade, Transportation
& Utilities, 17.9%
Construction, Natural
Resources & Mining,
3.5%
Education & Health
Services, 21.3%
Professional &
Business Services,
15.9%
Financial Activities,
7.3%
Manufacturing, 6.3%
Leisure & Hospitality,
8.3%
Government, 13.3%
Information, 1.8%
Source: Bureau of Labor Statistics, IHS Global Insight
Life Sciences
Greater Philadelphia is home to the:
 1st Hospital
Pennsylvania Hospital
 1st Medical College
University of Pennsylvania
 1st Pharmacy School
University of the Sciences (formerly called the Philadelphia College of Pharmacy)
 1st Cancer Treatment Center
Fox Chase Cancer Treatment Center
 1st Private Biomedical Research Center
The Wistar Institute
 1st Non-profit, independent College of Optometry
Salus University (formerly called the Pennsylvania College of Optometry)
Bioscience Continuum
Sources: Pennsylvania BIO and Select Greater Philadelphia
At the Cutting Edge
 Top 5 for Research &
Development across
academia and industry
 $10.5 billion annually in
research and development
 Top 5 in patent award rate
per resident
Sources: U.S. Patent & Trademark Office, Deloitte, City of Philadelphia, Select Greater Philadelphia
Top Employers
Top Life Science Employers
in the Region
Company Name
Merck & Company, Inc
Siemens Medical Solutions USA
Johnson & Johnson
(excludes Centocor)
Employment
in Region
12,000
7,550
6,330
Bristol-Myers Squibb
6,300
GlaxoSmithKline
5,700
Pfizer
5,470
AstraZeneca
4,260
Novo Nordisk
3,200
Centocor/Janssen
3,000
Teva/Cephalon
2,200
Endo Pharmaceuticals
1,200
Source: Dun & Bradstreet, Philadelphia Business Journal, Select Greater Philadelphia
Medical Device Companies
 B. Braun
 Baxter Healthcare
 Ethicon
 Globus Medical
 Johnson & Johnson
 Kensey Nash
 Orthovita
 Siemens Medical Solutions
 Synthes
 Teleflex Medical
Contract Research Organizations
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ABS
Absorption Systems (preclinical)
Adesis
Advanced Biologics (infectious disease
preclinical and clinical)
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ANP Technologies
Covance
Critical Path Services
Encorium (acquired by Progenitor Holdings)
IBAH (clinical)
ICON Clinical Research
Laureate Biopharma (CMO specializes in
monoclonal antibodies, protein
production & purification)
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MDS Pharma Services
Nonsystems LLC
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Octagon
Omincare Clinical Research
Pharmanet Development Corporation
Puresyn (CMO for novel vaccine technologies)
PPD
QPS
QS Pharma
Quintiles
SIRO Clinpharm USA
SL Pharma Labs
United BioSource Corporation
Wilmington PharmaTech
Wuxi/Apptec
Employment Concentration
Education & Healthcare
Greater Philadelphia
1.40
Boston
1.37
New York
1.26
Miami
1.05
Chicago
1.02
Phoenix
0.91
Los Angeles
0.89
San Francisco
0.86
Dallas
0.85
Atlanta
0.83
Houston
0.83
Washington D.C.
0.81
0.00
0.20
0.40
0.60
0.80
1.00
1.20
1.40
Source: IHS Global Insight
1.60
Education & Healthcare
 197 hospitals
 Top children’s hospital
 4 National Cancer Institute (NCI)
designated cancer centers
 6 Medical Schools
 3 Pharmacy Schools
Sources: US News and World Report, Dun & Bradstreet, National Cancer Institute, Dartmouth
Manufacturing Strengths
• 188,000 jobs
• 5,300 establishments
• $105 billion in output
• 14% of Regional Output
• 33% of employment in advanced
manufacturing vs. 25% for U.S.
Top Manufacturers by Sector
Chemical/Petroleum
Defense/Transportation
Pharmaceutical
•
•
•
•
•
•
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• AugustaWestland
• Boeing
• Lockheed Martin
•
•
•
•
•
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Arkema Inc.
BASF
Braskem America
Dow
DuPont
FMC Corporation
Philadelphia Energy
Solutions
• W.L. Gore
Food
• Bimbo Bakeries
• Campbell Soup
• Flowers Foods
Bristol Myers Squibb
GlaxoSmithKline
Johnson & Johnson
Merck & Company
Novo Nordisk
Pfizer
Other
• Aker Philadelphia
Shipyard, Inc.
• Gamesa
• K’Nex
Food & Beverage Regional Employers
Top Employers of Food & Beverage
Manufacturers in the Region
Company Name
Employment
in Region
Hatfield Quality Meats, Inc.
1,558
Campbell Soup Company
1,200
JBS Souderton, Inc
1,200
Tasty Baking Company
740
Herr Foods Inc.
700
Dietz & Watson, Inc.
645
Clement Pappas & Company, Inc.
600
J & J Snack Foods Corp.
300
Amoroso’s Baking Co.
300
Frankford Candy LLC
300
PEPSI-COLA & National Brand
Beverages Ltd (Inc.)
300
Philadelphia Produce Terminal
• Largest Wholesale Produce Terminal in the US
• 700,000 square feet of air conditional space
Higher Ed Support for the Food & Beverage Industry
 Rutgers
 Provides business and technology expertise to food and agribusiness
 Over 1200 companies assisted since 2000
 St. Joseph’s University Center for Food Marketing
 USDA Designated a national center for food marketing
 Houses one of the world’s largest academic food marketing libraries
Logistics
 2 Class - 1 Railroads
 Convenient access to I-95, I-80,
I-78, NJ & PA Turnpikes
 Philadelphia International
Airport
 46 Regional Port Facilities
 Channel deepening to 45’
underway
Global Access
 Philadelphia Int’l Airport:
 27 carriers with 600+ daily
departures to 125 cities
 Flights to 37 international
destinations
 International gateway for US
Airways
 8 international airports within
90-minute drive
 Amtrak train access to New York
and Washington, DC in 1.5 hours
Source: Philadelphia International Airport
Talented Workforce
 Education Pipeline:
 101 Colleges & Universities
 379,000 students
Home to Top-Ranked Universities:
 Among 25 largest Metros:
 Most first professional
degrees
 2nd highest in bachelors
degrees
 35% have Bachelor’s degree
Sources: National Center for Educational Statistics, Integrated Post-Secondary Education Database (IPEDS)
Abundant supply of skilled trades workers
• Numerous certificate and on-site learning
programs for high-demand trades
• Key advanced manufacturing occupations include:
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Aircraft structure, rigging and systems assemblers,
Chemists & chemical equipment operators
Engineers
Medical appliance technicians
Packaging and filling machine operators
Welders
Global Marketplace
 34 Fortune 1000
companies
headquartered
Major Companies in Greater Philadelphia
 700+ foreign-owned
firms from 40
countries
 10 bilateral chambers
of commerce
 33 consulates
 621,000 foreign-born
residents
Sources: Philadelphia Business Journal, Pennsylvania Department of Community & Economic Development,
Dun & Bradstreet, Select Greater Philadelphia, Delaware Economic Development Office, World Trade Center of
Greater Philadelphia, U.S. Census Bureau, American Community Survey
Global Marketplace
Foreign-owned Companies
Country
Number of
Number of
Employees in
Companies
Region
United Kingdom
143
31,008
Germany
102
20,508
Japan
77
9,058
France
69
10,772
Canada
68
7,544
Netherlands
43
10,722
Switzerland
43
5,000
Sweden
34
3,965
Australia
21
1,440
Italy
21
845
Sources: Philadelphia Business Journal, Pennsylvania Department of Community & Economic Development, Dun & Bradstreet, Select Greater Philadelphia, Delaware
Economic Development Office, World Trade Center of Greater Philadelphia, U.S. Census Bureau, American Community Survey
Best Value in the Northeast U.S.
Annual Wage & Salary Costs for
Private, Services-Providing Sectors
$6,000,000
$5,000,000
Greater Philadelphia has the lowest:
$4,000,000
 Wage & salary costs
$3,000,000
 Office rental rates
$2,000,000
 Industrial rental rates
$1,000,000
 Cost of living
 Median housing sales price
$Greater
Philadelphia
Boston
Washington New York
D.C.
Annual labor cost is for 100 workers in occupations
typically required by companies in the private,
services-providing sectors.
Sources: IHS Global Insight, U.S. Bureau of Labor Statistics, ACCRA Cost of Living Index, National Association of Realtors, U.S. Census Bureau, Select Greater Philadelphia
Travel & Leisure
“America’s Favorite Cities”
Philadelphia Rankings Voted by Visitors
#1 – Overall Culture
#1 – Historical sites/monuments
#1 – Sports-crazed
#2 – Classical music
#2 – Street food
#3 – Overall food/drink/restaurants
#5 – Theaters/performance art
#5 – Museums/galleries
#5 – Overall shopping
Thank You!
Jeanne R. Nevelos
Vice President, Business Development
Select Greater Philadelphia
P: 215.790.3726
jnevelos@selectgreaterphila.com
Selectgreaterphila.com