Philadelphia is conveniently located halfway between two of the most important cities in the United States, Washington DC and New York. The population of the city is fifth largest in the country. The city is diverse in its culture,arts and food. Compared to other cities, Philadelphia has more murals and outdoor sculptures. The city’s Fairmount Park is widely considered the world’s largest landscaped park in the world.
In addition to a startup community, which is growing fast, Philadelphia has a diversified economy, which includes advanced manufacturing, healthcare and life sciences, hospitality, logistics, and professional services
Compared to the other large cities in the region, Philadelphia has a lower cost of living, cost of labor rates, and rental costs. This makes the city an attractive place for those who want to start their franchise business in Philadelphia.
Assistance for franchise businesses
Philadelphia has a development center for small businesses, which is a partnership of universities and the local government. It offers mentoring services for each business, educational seminars and other assistance to help the entrepreneurs. The Philadelphia Industrial Development Corporation helps startups by providing low cost financing, tax breaks for creating jobs, assistance in selecting sites, and help in recruiting workers. The Philadelphia Community College has partnered with the Goldman Sachs 10,000 small business program to offer business classes and networking which helps startups to grow.
Philadelphia boasts a highly educated workforce at reasonable salaries.
Businesses can get assistance from the commerce department of the city to identify experienced and skilled workers.
Do You Need A Philadelphia Franchise Consultant?
It is important to find an experienced Philadelphia franchise consultant to help you navigate the various available options in order to find a business that is right for you. Consultants will offer you the information you need to accelerate your path to a successful franchise business.