Philadelphia is the nation’s fifth largest city, and it is conveniently located midway between New York and Washington DC. The city’s neighborhoods celebrate its diversity through food, arts and culture. The city has more outdoor sculptures and murals than any other American City, and Philadelphia’s Fairmount Park is the largest landscaped urban park in the world.
The economy in Philadelphia is fueled by a diverse set of industries, including life sciences and healthcare, professional services, advanced manufacturing, logistics, hospitality and a growing startup community.
The city offers affordable rental rates, lower labor costs and an inexpensive cost of living compared to other major cities in the region. All of that makes Philadelphia worth a look for your new business.
The Pennsylvania Small Business Development Center, a partnership of local government and universities, offers individual mentoring, educational seminars and other resources to support local entrepreneurs.
The Philadelphia Industrial Development Corporation assists young companies with low-cost financing, tax credits for job creation, site selection assistance and even help with workforce recruitment.
Goldman Sachs 10,000 Small Businesses partners with Community College of Philadelphia to offer a program of practical business classes and networking opportunities designed to help entrepreneurs get up to speed fast.
The city’s Commerce Department works closely with Philadelphia Works to help businesses identify qualified workers.