invest in greater philadelphia

Greater Philadelphia 2012

Select Greater Philadelphia

Select Greater Philadelphia

Non-profit supported and funded by business community

70-person board of Regional CEO’s

Affiliate of Greater Philadelphia Chamber of Commerce

Perfectly Positioned

New York

San Francisco

Los Angeles

Greater Philadelphia

Boston

Washington DC

Chicago

Atlanta

Dallas-Fort Worth

Houston

Miami

Phoenix

Seattle

Detroit

Heart of the World’s 5th Largest Economy

RANK COUNTRY 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 (200 mi. Market Area)

2.8

6 France 2.6

7 United Kingdom 2.3

8 Italy 2.0

9 Brazil 2.0

10 Canada 1.6

Source: IHS Global Insight, 2010, International Monetary Fund, 2010

200-mile (322km) radius

Powerful Market

Market Size within 200 Miles of Major U.S. Cities

Population Total Income

New York 49.6 Million $1.50 Trillion

Philadelphia 47.0 Million $1.46 Trillion

Washington D.C. 34.3 Million $1.02 Trillion

Boston 31.7 Million $967.2 Billion

Chicago 25.4 Million $649.7 Billion

Los Angeles 23.8 Million $596.7 Billion

Detroit 21.7 Million $521.5 Billion

Atlanta 18.8 Million $437.7 Billion

San Francisco 14.8 Million $440.8 Billion

Dallas-Fort Worth 14.6 Million $358.9 Billion

Houston 13.9 Million $330.7 Billion

Miami 10.3 Million $267.9 Billion

Source: Claritas, 2011


Sources: IHS Global Insight, 2011, U.S. Bureau of Labor Statistics, 2011, U.S. Census Bureau, 2010 Census

Population

6.23 million (5th)

Employment

3.15 million (5th)

Personal Income

$291.5 billion (5th)

Gross Regional Product

$371 billion (7th)

Diverse Economy

Source: Bureau of Labor Statistics, 2010, Philadelphia Federal Reserve Bank, 2010

Construction, Natural Resources & Mining;

3,3%

Education & Health Services; 20,7%

Financial Activities; 7,5%

Government; 14,3%

Information; 2,0%

Leisure & Hospitality; 8,0%

Manufacturing; 6,5%

Professional & Business Services;

15,2%

Trade, Transportation & Utilities; 18,0%

Key Sectors in the Region

3,3%

6,7%

4,2%

5,8%

10,1%

3,8%

7,3%

6,1%

7,9%

12,2%

IT Producing

Clean Economy

Financial Services

Professional, Scientific, & Technical Services

Life Sciences & Healthcare Services

Employment Shares by Industry

GPR U.S.

Source: IHS Global Insight, 2011

Global Access

Philadelphia Int’l Airport:

29 carriers with 620 daily departures to 123 cities

55 non-stop flights to 36 international destinations

An international gateway for US Airways

8 additional international airports within 90-minute drive

Amtrak offers access to New York and Washington, DC in approximately 1.5 hours

46 Regional Port Facilities and over 200 large distribution facilities

Source: Philadelphia International Airport, 2011,

Sources: Philadelphia Business Journal, 2011, Pennsylvania Department of Community & Economic

Development, Dun & Bradstreet, 2010, Select Greater Philadelphia, Delaware Economic Development Office,

World Trade Center of Greater Philadelphia, U.S. Census Bureau, American Community Survey, 2009

Global Marketplace

34 of Fortune 1000 companies headquartered

747 foreign-owned firms from 39 countries

10 bilateral chambers of commerce

33 consulates

617,394 foreign-born residents

Major Companies in Greater Philadelphia:

Sources: Philadelphia Business Journal, 2011, Pennsylvania Department of Community & Economic Development, Dun & Bradstreet, 2010, Select Greater Philadelphia,

Delaware Economic Development Office, World Trade Center of Greater Philadelphia, U.S. Census Bureau, American Community Survey, 2009

Foreign-owned Companies

Country Number of Companies

Number of Employees in

Region

United Kingdom 143 31,008

Germany 104 20,508

Japan 76 9,058

France 69 10,772

Canada 66 7,544

Netherlands 43 10,722

Switzerland 43 5,000

Sweden 33 3,965

Australia 21 1,440

Italy 17 845

Global Marketplace

Sources: Philadelphia Business Journal, 2011, Pennsylvania Department of Community & Economic Development, Dun & Bradstreet, 2010, Select Greater Philadelphia,

Delaware Economic Development Office, World Trade Center of Greater Philadelphia, U.S. Census Bureau, American Community Survey, 2009

Employment by Industry Sector

Country Number of

Employees in Region

Chemical Mfg. 19,811

Prof., Scientific & Tech Services 11,223

Misc. Mfg. 9,667

Admin. & Support Services 9,061

Credit Intermediation 7,781

Food & Beverage Stores 5,920

Wholesalers – Durable Goods 5,886

Publishing (except Internet) 5,341

Insurance 4,568

Wholesalers - non-Durable Goods 3,865

Global Marketplace

Foreign Locate Case Study: UK Manufacturer of Bio-fluid Containers

Understand the Good or Service Being Sold

What Makes it Better than Existing Goods or Services?

Who are the Potential Customers, Who are Competitors?

What Activities Will Be Located Here: Distribution, then Mfg.

What Inputs Will be Purchased in the GPR, in the US?

Labor Needs

Real Estate Needs

Professional and Business Services

Talented Workforce

Education Pipeline:

101 Institutions

Over 379,000 students

Over 83,500 Degrees & Certificates Awarded

Among the 25 largest MSAs:

Highest award rate for first professional degrees

2nd highest award rate for bachelors degrees

35% of residents 25+ have at least a Bachelor’s degree

Sources: National Center for Educational Statistics, Integrated Post-Secondary Education Database (IPEDS), 2008/09

Home to Top-Ranked Universities:

A Place to Connect and Grow

Welcoming business community

Large number of incubators, accelerator and technology transfer programs

Small business centers

Specialized office spaces

Access to capital

Networking and professional development events

Entrepreneurial organizations

At the Cutting Edge

Top 5 for Research & Development

$10.5 billion annually in research and development

Home to National DOE, Energy Innovation Hub

Top 5 in patent award rate per resident

18 companies on Deloitte’s Technology Fast 500

Greenest city in the U.S. by 2015

Sources: U.S. Patent & Trademark Office, 2011, Deloitte, 2011, City of Philadelphia, Select Greater Philadelphia

Best Value in the Northeast U.S.

Compared to Boston, New York, & Washington DC, Greater Philadelphia has the lowest:

Wage & salary costs

Office rental rates

Industrial rental rates

Cost of living

Median housing sales price

$-

$1 000 000

$2 000 000

$3 000 000

$4 000 000

$5 000 000

$6 000 000

GreaterPhiladelphia

Boston WashingtonD.C.

New York

Annual labor cost is for 100 workers in occupations typically required by companies in the private,

services-providing sectors.

Annual Wage & Salary Costs for Private, Services-Providing Sectors

Sources: IHS Global Insight, 2011, U.S. Bureau of Labor Statistics, 2011, ACCRA Cost of Living Index, 2010, National Association of Realtors, U.S. Census Bureau, 2010, Select Greater Philadelphia

$56,20

$38,78

$37,64

$34,24

$34,22

$32,56

$29,40

$29,36

$28,00

$22,92

$22,57

$21,42

$0,00 $10,00 $20,00 $30,00 $40,00 $50,00 $60,00

New York

Washington, DC

San Francisco

Miami

Boston

Los Angeles

Houston

Chicago


Dallas-Fort Worth

Atlanta

Detroit

Rental Rates per s/f for Class A Office Space in Large Metros

Cost of Doing Business

Sources: Grubb & Ellis, 2011q4

$8,20

$5,79

$5,46

$5,06

$4,68

$4,59

$3,96

$3,92

$3,68

$3,50

$3,44

$0,00 $1,00 $2,00 $3,00 $4,00 $5,00 $6,00 $7,00 $8,00 $9,00

Miami

Los Angeles

Boston

New York

San Francisco

Houston

Detroit

Chicago


Dallas-Fort Worth

Atlanta

Rental Rates per s/f for Warehouse / Distribution Space in Large Metros



$10,41

$9,87

$9,63

$9,35

$8,16

$8,03

$7,90

$7,65

$7,59

$6,47

$6,41

$0,00 $2,00 $4,00 $6,00 $8,00 $10,00 $12,00

Los Angeles

Boston

Miami

New York

San Francisco

Detroit

Chicago


Houston

Dallas-Fort Worth

Atlanta

Rental Rates per s/f for R&D / Flex Space in Large Metros



Quality of Life

Wealth of museums, galleries, and historical sites

Nationally recognized restaurants & breweries

Approx. 2 hours to beach & mountains

86,456 acres of parkland

9 professional & 573 NCAA sports teams

193 golf courses

Photo by G. Widman for GPTMC

Travel & Leisure

#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

“America’s Favorite Cities” Philadelphia Rankings Voted by Visitors

Headquarters for Success

Comcast Corporation

Established: 1969

Sector: Telecommunications, broadcasting

Location: Global Headquarters in Philadelphia, PA

Summary: The largest cable operator, home internet service provider, and fourth largest home telephone service provider in the United States, providing service to both residential and commercial customers in 39 states and the District of Columbia. Comcast is also the majority owner and manager of NBCUniversal.

SAP America

Established: 1972 (Weinheim, Germany)

Sector: Computer software

Location: US Headquarters in Newtown Square, PA

Summary: The world's largest business software company and the third-highest revenue independent software provider (as of 2007). SAP has about 12,500 employees in North America, with more than 2,000 employees in Newtown Square.


E.I. DuPont de Nemours & Company

Established: 1802

Sector: Chemical Manufacturing

Location: Global Headquarters in Wilmington, DE

Summary: DuPont operates in approximately 90 countries and employs 70,000 worldwide. DuPont offers a wide range of innovative products and services for markets including agriculture, nutrition, electronics, communications, safety and protection, home and construction, transportation and apparel.

Trinseo, S.A. (formerly Styron, LLC)

Established: 2010

Sector: Plastics Manufacturer

Location: Global Headquarters in Berwyn, PA

Summary: A world leader in the production of plastics, latex, and rubber. Trinseo, an independent company formed in 2010, was created by combining the technologies and capabilities of four businesses of The Dow Chemical Company. The company operates 35 production facilities in nearly 20 countries.


Lincoln Financial Group

Established: 1968

Sector: Insurance & Retirement Planning

Location: Global Headquarters in Radnor, PA

Summary: A Fortune 500 company, Lincoln focuses on four core business areas - life insurance, annuities, retirement plan services, and group protection. The company is also active in the investment management business, offering individual and institutional clients such financial services as pension plans, trusts, and mutual funds through its subsidiaries.

Vanguard Group

Established: 1975

Sector: Investment Management

Location: Global Headquarters in Valley Forge, PA

Summary: Vanguard is one of the world's largest investment management companies. With offices in 11 countries the company employs approximately 13,000 people worldwide. Vanguard manages $1.7 trillion in U.S. mutual funds.


Shire USA

Established: 1986 (Basingstoke, UK)

Sector: Pharmaceuticals

Location: US Headquarters in Wayne, PA

Summary: As a global specialty biopharmaceutical company listed on the London and NASDAQ exchanges, Shire is one of the fastest-growing biopharmaceutical companies in the world.

GlaxoSmithKline USA

Established: 2000 (London, UK)

Sector: Pharmaceuticals

Location: Regional Headquarters in Philadelphia, PA; Major R&D sites in Upper Merion & Collegeville, PA; and a Major manufacturing site in King Of Prussia, PA

Summary: One of the world’s leading research-based pharmaceutical and healthcare companies with a share of around 5% of the world's pharmaceutical market.

Location for Success

Campbell Soup Company Established: 1869

Sector: Food Manufacturer

Regional Employment: 1,200

Locations: Global Headquarters, R&D, Manufacturing

Summary: A global manufacturer and marketer of high-quality foods and simple meals, including soups and sauces, baked snacks, and healthy beverages. The world’s #1 soup maker with domestic market penetration of over 80% of US households. Campbell’s products are sold in 120 countries around the globe.

Tasty Baking Company Established: 1914


Regional Employment: 740

Locations: Headquarters, Manufacturing, Distribution

Summary: A manufacturer of single-serve cupcakes, snack-sized cakes, and fruit pies. It also makes cookies, brownies, pastries, honey buns, and doughnuts. The new manufacturing facility at the Philadelphia Navy Yard is the greenest bakery in the world.

Location for Success

Keystone Foods

Established: 1946

Sector: Food Processor

Regional Employment: 260

Locations: Global Headquarters, R&D, Distribution

Summary: Keystone Foods is a multi-national, multi-protein processor and food distributor for the world’s best fresh and frozen protein brands and is focused on innovation and dedicated to food safety and quality.

Hatfield Quality Meats

Established: 1895


Regional Employment: 1,558

Locations: Headquarters, Manufacturing, Distributon

Summary: A member of the Clemens Family Corporation, also headquartered in Hatfield, manufacturer of processed pork everything from bacon to scrapple.

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invest in greater philadelphia

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