City of Philadelphia Presentation
CITY OF PHILADELPHIA PRESENTATION Prepared by Stephen W.W. Ching, Jr., Esquire, International Chair, Obermayer Law Firm 4515644 4515644 4515644 KEY ECONOMIC AND SOCIAL DATA FOR GREATER PHILADELPHIA REGION • 5th largest metropolitan region in the U.S. population (following only New York, Los Angeles, Chicago and Dallas); 51st most populous in the world. • Total population 6.1 million people; 1.54 million, city proper (2008). • Total population with a 200mile radius of downtown Philadelphia in 2009: 46.103 million, ranked 2nd among the 12 largest Metropolitan Statistical Areas (MSAs). • Total employment of 2.9 million. • 2nd largest on the East Coast in terms of employment and population. • 92 colleges and universities; 2nd largest concentration of colleges and universities in the US. • Gross metro product of $354.85 billion in 2009. • Total retail sales of $85.9 billion in 2009. • Total income within a 200mile radius of downtown Philadelphia in 2009: $1,461 billion, ranked 2nd among the 12 largest MSAs. • 5th largest total personal income. • 4th largest media market; largest media company (ComcastNBCUniversal) in the US. • Lower cost of living than the other major northeast metros including New York, Boston, Washington D.C. and Baltimore; 50% less than New York, Boston, Washington D.C. and Baltimore. • Offers the lowest office rents among major northeastern U.S. metros. • Exports from Pennsylvania to China (2nd after Canada): 2007 2008 2009 June 2009 YTD June 2010 YTD 1,293,499,004.00 1,630,498,524.00 1,540,831,693.00 702,890,377.00 1,168,395,498.00 • Pennsylvania: US$27.4 Billion Exports annually (Rank #8); 201,634 export jobs (Rank #9) • Philadelphia's Amtrak station is the third busiest in the country.
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