Select Greater Philadelphia

AT THE HEART OF GOOD BUSINESS GREATER PHILADELPHIA

The Place to Establish and Grow Your Business Strategically located between New York City, the nation’s financial Greater Philadelphia hub and Washington, encompasses D.C., the an 11-county legislative and regulatory neighborhood across center of northern Delaware, the U.S. southern New Jersey, At the core of and southeastern the country’s Pennsylvania. wealthiest and most densely- The region is a thriving mega-market with all populated the must-haves for success: unparalleled global region access, a deep talent pool, an attractive cost of doing business, a huge market of customers, and an incredible quality of life.

Boston

New York

Greater Philadelphia

Washington, D.C.

Photo courtesy of Jason Heritage and Ben Franklin Technology Partners of Southeastern PA 1st in millennial growth rate Welcome to lowest office rental 2nd rates among top metros opportunity.

largest metro in the Right here, right now, Greater 3rd Northeast with $432 billion Philadelphia is exploding with new in Gross Regional Product energy, excitement, and prospects. Our region’s business climate is the 4th largest media market best it’s been in decades, and the outlook — fueled by collaboration, creativity, inclusion, investment, and largest population 5th innovation — is brighter than ever. with 6.3 million people We are experiencing a youth movement, with one of the fastest-growing millennial populations in the nation. largest workforce of just It’s driven by our ecosystem of 104 colleges and univer- over 3 million, including sities that are awarding close to 90,000 degrees every highly-skilled talent in key year. The graduates are staying and returning, attracted by our flourishing technology and innovation scene, our 6th industries: life sciences, diverse economy, and by a quality of life that is — in a energy and manufacturing, word — remarkable. technology, financial services, and more You can feel the energy, and see it too. Cranes dot the skylines from Camden, New Jersey to Philadelphia to Newark, Delaware. Major development projects representing over 3 million square feet of new office and mixed-used space and $10 billion in capital investments have been announced or are under construction. Our universities are collaborating with civic and community leaders to build innovation districts, our corporate leaders are investing in new headquarters, and our developers are transforming industrial sites that are ripe for reinvest- ment into vibrant spaces. This is the birthplace of democracy and invention. This is a place where ideas meet courage, where initiative is applauded and where the entrepreneurial spirit is strong and passionate. It’s a place that is so well positioned for companies to locate and grow their operations, it is not surprising that scores of startups are flocking here, and that major Fortune 1000 leaders from around the globe call Greater Philadelphia home. If you are looking for opportunity, Select Greater Philadelphia.

William R. Sasso, Esq. Chair, Select Operating Committee Matthew P. Cabrey Executive Director Philadelphia has the fastest- growing millennial population among the nation’s 30 WORKFORCE largest cities. Highly educated, ready-made for tomorrow Greater Philadelphia has a massive, talented labor force — the 6th largest in the U.S. Our three million workers are highly educated, with 35 percent holding a bachelor’s degree or higher. There are more professional degrees awarded per resident in the region than anywhere in the nation. But it’s more than smarts that makes our talent so exceptional — it’s a spirit of cooperation, a passion for learning, creating and innovating, and a drive to get things done. Greater Philadelphia is home to 104 colleges and universities with half a million students. That’s the fourth largest university population among all U.S. metropolitan areas. Eager learners from around the world are earning 90,000 degrees annually from research, engineering, business, entrepreneurial, liberal arts, and technology programs that set the standard of excellence in higher education. Drawn by our vibrant quality of life, 64 percent of these students choose to stay here to establish and grow their career and their families. It’s no wonder Philadelphia has the fastest-growing millennial population among the nation’s 30 largest cities.

Greater Philadelphia is home to 104 colleges and universities

Right: The University of Pennsylvania - Photo courtesy of Paul Loftland for PHLCVB Opposite page: Haverford College Educational Attainment in the US and Greater Philadelphia

World-class elementary Four of the top 20 colleges GRADUATE OR PROFESSIONAL DEGREE and high schools and universities in the U.S. 11% › Chester County’s Tredyffrin-Easttown › Haverford College 14% school district was named the best › Princeton University public school district in the nation BACHELOR’S DEGREE › Swarthmore College › U.S. News designated New Jersey’s 19% › University of Pennsylvania Haddonfield High School a Gold 20% Medal School Source: Forbes › The region has a high concentration of BACHELOR’S DEGREE OR HIGHER private schools including St. Andrew’s 30% School, #1 in New Castle County, Delaware 35% › 32 of the top 50 performing high schools in Pennsylvania, based on SAT scores, are located in the region, with Philadelphia’s University entrepreneurial US Greater PHL Region Masterman High ranking the #1 high programs & technology school in the commonwealth campuses Source: US Census Bureau American Community Survey 5-Year Estimates, 2015 › Drexel University Close School of Entrepreneurship and their Degrees Awarded at Colleges and Expressive and Creative Interaction Technologies (ExCITe) Center Universities in Greater Philadelphia › Rowan University’s South Jersey Professional schools abound Technology Park BUSINESS & LAW › 31 business schools › St. Joseph’s University Family 18,191 Business & Entrepreneurship program › 12 engineering schools/programs HEALTH SCIENCES › Temple University’s Fox School of Business’ › 7 medical schools 16,246 Innovation & Entrepreneurship Institute › 6 law schools › University of the Arts, Music Business, HUMANITIES › 3 pharmacy schools Entrepreneurship + Technology program 16,003 › 2 dental schools › University of Delaware’s STAR Campus STEM › 1 school of podiatry & JP Morgan Innovation Center › 1 school of ophthalmology › University of Pennsylvania’s 13,612 › 1 school of veterinary medicine Penn Center for Innovation SOCIAL & BEHAVORIAL SCIENCES 12,424 EDUCATION 7,852

OTHER 4,599 88,927 TOTAL DEGREES AWARDED

Associate’s Bachelor’s Master’s Doctor’s

Source: NCES IPEDS, 2014 – 15 Academic Year

Fourth largest university population among all U.S. metropolitan areas. “Five reasons startups are setting up shop in Philadelphia? Cheap rent is just the beginning. (1) Fast- TECHNOLOGY AND growing companies ENTREPRENEURSHIP live here (2) A close-knit startup Inventing community (3) Economic incentives the Future for doing business (4) Location, location, Greater Philadelphia’s resurgent innovation ecosystem location and (5) An is an inclusive community where networks are created abundant talent pool and collaborations are forged. It’s where entrepreneurs of job candidates." who have achieved their dreams encourage others to follow theirs. It’s where business leaders, investors and private EXCERPTED FROM ARTICLE IN PHILADELPHIA MAGAZINE angel funds interact with startup owners and service BY SUCHIT BACHALLI, providers like never before. PRESIDENT OF UNILOG The pace is quickening. Between the years 2010 – 2015, venture funding for 150 IT and software companies and 100 biotech and medical services companies topped $1.2 billion. Startups are being launched at over 65 incubators, accelerators and co-working spaces. University programs for entrepreneurs at Delaware, Drexel, Penn, Rowan, Temple, and others for entrepreneurs are encouraging innovative thinking by their students who are choosing to stay here, making the millennial growth rate in Philadelphia higher than any of the nation’s 30 largest cities. We have the talent. We have the institutions. We have the investments. We also have the confidence, the acumen and creative thinking needed for new business ventures. Greater Philadelphia is now one of the most attractive regions in the world for entrepreneurs and investors looking to establish and grow a business.

Industry leader Comcast is building its new $1.2 billion Technology and Innovation Center — expected to create 1,500 new tech jobs.

Rendering of the Comcast Innovation and Technology Center - Rendering courtesy of Comcast Corporation. Opposite page: Rendering of Schuylkill Yards - Rendering courtesy of SHoP Architects PC and West 8 Greater Philadelphia’s 65 business incubators & accelerators are leading the way with novel initiatives, including: › University City Science Center is evolving from one of the first business incubators in the nation to a collaborative leader transforming University City. › DreamIt Health, fostering health tech startups, is creating a path to new life-saving technologies. › Camden CoLab, offering access to Camden’s best academic, business, and institutional resources. › Rutgers Camden Technology Campus for emerging early-stage companies INVESTING BILLIONS IN UNIVERSITY INNOVATION DISTRICTS is rejuvenating the Camden economy by drawing in new firms and creating Bringing together knowledge institutions with global industry leaders and startup companies, retailers, good jobs. and residents, university innovation districts are fostering tomorrow’s advanced, inclusive communi- ties. Leading the way is the University of Pennsylvania’s Pennovation Works, a 23-acre › Novotorium, in Bucks County, PA, project that is bringing together private sector business leaders with academic researchers like never is working with entrepreneurial before. Opening in 2016 is the site’s anchor, the 58,000 square-foot Pennovation Center, a hub for startups driving innovative change in health care, nutrition, and wellness. innovators to collaborate and exchange ideas. Nearby is Drexel’s Schuylkill Yards, a novel vision for a new 14-acre, $3.5 billion gateway to University City in partnership with Brandywine Realty Trust. › Emerging Enterprise Center of New Castle County, DE is nurturing small businesses, helping them reach their full potential. Millennial Growth as “The region’s strong Share of overall city base of colleges and population 2006 – 12 universities, diverse Percent change among the nation’s young people, large largest cities Highly-rated for innovation, corporations, and state technology and startups Philadelphia 6.1% and local governments Boston 5.7% engaged in helping Trenton: One of the top 15 most entrepreneurs, make innovative cities in America. Nashville 5.6% BUSINESS INSIDER it a promising hub Baltimore 5.4% for innovation and Philadelphia: Top 10 cities for techies THE HUFFINGTON POST San Francisco 5.3% startups.”

Wilmington: One of the top 3 cities Denver 5.0% STEVE CASE, CO-FOUNDER OF AOL in America to start a business DURING HIS “RISE OF THE REST” TOUR IN GREATER PHILADELPHIA, WHERE NERDWALLET 30-city median 2.7% HE AWARDED $100,000 TO DREXEL GRADUATE CHRIS GRAY FOR HIS Source: Pew Charitable Trusts SCHOLARSHIP APP, SCHOLLY LIFE SCIENCES World Class, World-Renowned Greater Philadelphia has a rich network of world-renowned research institutions, biotech and contract research organi- zations, global inventors of medicines, medical devices and diagnostics, and 15 major health systems. It’s no surprise that our Tri-State community is a national leader in clinical trials, or that we are pioneering person- alized medicine, or that medical miracles are taking place here, like the world’s first pediatric double hand transplant at the Children’s Hospital of Philadelphia. Digital Health Innovation The Greater Philadelphia Chamber of Commerce’s Health Care Innovation Collaborative is aggressively nurturing medical breakthroughs and accelerating them to market with its new initiative: GREATER THAN Open Calls. Regional leaders representing organizations across every facet of the health care, technology, academic research, and venture funding continuum are poised to leverage billions in human and financial capital to propel ideas to commercialization. Now, more than ever, Greater Philadelphia is leading the way and is a magnet for health care innovation.

Above: GSK Headquarters at the Navy Yard - Photo courtesy of Robert AM Stern Architects Opposite page: Adaptimmune Therapeutics - Rendering courtesy of Adaptimmune TWO NEW U.S. HEADQUARTERS Two British biopharma companies have recently selected the region for their U.S. headquarters. Adaptimmune, with its innovative T-cell therapy, has based its clinical, translational science, manufacturing and regulatory activities out of Philadelphia since 2011, complementing its R&D operation in Oxford, England. Greater Philadelphia The company is now constructing a new 47,000 square foot facility at the Navy Yard to house its expanding U.S. is home to: operations. With it come more than 110 new jobs. Immunocore, also of Oxford, England, chose Conshohocken › 5 children’s hospitals as the U.S. base for its clinical development and medical and regulatory activities. › 4 National Cancer Institute Their reasons include a combination of: location near to financial and regulatory centers in the U.S. as well designated cancer centers as ease of access to Europe, excellent talent pool, opportunity to partner with world-class university R&D › 126 hospitals programs, state-of-the-art distribution technology and channels, and a high quality of life. › 7th largest metro academic R&D expenditures in the nation

Major pharmaceutical companies with a presence here include: › AstraZeneca › Bristol Myers Squibb › BTG › Endo › GlaxoSmithKline › Johnson & Johnson › Merck › Novartis › Pfizer › Teva

“For young Greater Philadelphia Employment by Sector, 2016 q4 scientists, Greater Education & Health Services - 26.6% Philadelphia Trade, Transportation & Utilities - 18.9% is a great place Professional & Business Services - 16.1% to be, especially Leisure & Hospitality - 9.1% because of the Finance, Insurance & Real Estate - 7.5% many innovation Manufacturing - 6% centers that Construction, Natural Resources & Mining - 4.9% help bring Public Administration - 4.7% ideas to life.” Other - 4.5% CARL H. JUNE, MD, Information - 1.7% UNIVERSITY OF PENNSYLVANIA, PERELMAN SCHOOL OF MEDICINE Source: JobsEQ Average Annual Wages by Metro

WASHINGTON DC $65,910

BOSTON VALUE $62,070 Your Money NEW YORK $59,990 Goes Further GREATER PHILADELPHIA Here $52,420 Source: Bureau of Labor Statistics OES, 2016 The best value in the Northeast can be found in Greater Philadelphia. Compared to Boston, New York and Washington, D.C., this region has a lower cost of doing business, lower office rental rates, lower cost “Top 10 Cities to of labor, and more affordable housing. relocate to in the U.S.”

There is stability here, too. The price of housing is more THE HUFFINGTON POST stable than other cities. Greater Philadelphia also has a diverse economic base offering a wide variety of job opportunities for spouses, partners and families of executives and professionals moving to the area.

“Top 10 Most livable cities for balancing work and play”

FAST COMPANY

Wilmington, Delaware skyline Average Class A Office Rental Rates ($/sqf) 2016q4 Business Cost Index Among Largest Metros, 2016

SAN FRANCISCO Rank City Cost Index

$73.65 1 Atlanta 95.1 NEW YORK CITY 2 Miami 95.4 $73.01

LOS ANGELES 3 Dallas-Fort Worth 96.2

$38.27 4 Houston 97.6 WASHINGTON DC 5 Chicago 98.3 $37.25 6 North Virginia, Metro DC 99.4 MIAMI $36.94 7 PHILADELPHIA 99.8

BOSTON 8 Los Angeles 100.8 $33.99 9 Boston 101.2 HOUSTON 10 New York City 104.7 $30.78

CHICAGO Source: KPMG Competitive Alternative, 2016 $30.00 Note: Business costs are expressed as an index, with the US being assigned the baseline index of 100.0. A cost index less than 100 indicates lower costs than the US. PHILADELPHIA $26.25

ATLANTA $23.91 Financial Services in Greater Philadelphia Source: Jones Lange LaSalle Home to Vanguard, SEI, Radian, Delaware Investments, Lincoln Financial, Chubb, Colonial Penn and more, Greater Philadelphia is a powerhouse of world-class financial services leaders. Located at the heart of one of the wealthiest regions in the world, scores of banks and investment houses large and small have deep roots here, or have established operations in this market — Bank of America, Bank of NY Mellon, JP Morgan Chase, Janney Montgomery Scott, Citizens Bank, PNC Bank, TD Bank, Wells Fargo, and more than 4,000 other organizations recognize the opportunities offered in this desirable community of northern Delaware, southern New Jersey, northern Delaware, and southeastern Pennsylvania. Great Valley Corporate Center reimagined The venerable suburban corporate campus, home to 80 TRANSFORMATIONS buildings and anchor of the Route 202 high-tech corridor, will get a major facelift. The plan to transform The new the 700-acre park calls for a new live / work / play town center with office buildings and amenities to Greater attract younger workers, plus parks, shops, restaurants, retail, and hotels. Philadelphia Corporate developments, company relocations, and new work-live-play areas are changing the face of King of Prussia surges our communities — from Camden, Philadelphia, With $1 billion in projects, King and Wilmington, to Malvern, King of Prussia, and of Prussia is burgeoning with new Fairless Hills. Never before has the region experienced multifamily residential and retail construction. At the center, a $150 so many positive transformations. Across Greater million, 170,000 square foot expansion Philadelphia, major development projects representing of the iconic King of Prussia Mall. over 3 million square feet of new office and mixed- used space and over $10 billion in capital investments have been announced or are under construction. Wilmington’s new creative district More robust than a traditional ‘arts’ district, this will be a place where goods are made and sold and anyone whose profession harnesses creativity and innovation can live and work. The first step: Philadelphia’s NextFab high-tech maker-space is opening a 3,500 square foot facility, bringing with it a focus on entrepreneurship and product development.

New vision for Claymont Steel site Redevelopment of a former steel mill in Claymont, Delaware into an office, manufacturing and transit hub is on the drawing boards. Envisioned are a 30-acre corporate center, 12-acre transit center, Above: Rendering of uCity Square - Rendering courtesy of Wexford Science + Technology and 41 acres of manufacturing, Opposite page: Rendering of the Camden waterfront on the Delaware River - Rendering courtesy of VOLLEY/Robert A.M. Stern Architects research and warehouse space. North Broad Street renaissance Once one of the most fashionable thoroughfares in Philadelphia, North Broad is undergoing a vibrant makeover. Led by Temple University, Temple Health System, and private developers, it starts with striking new lighting down the middle of the corridor, a symbol of the coming renaissance, and continues with major transformations of historic buildings that are now becoming new locales to live, work and dine.

Tech calls N3rd Street home North Third Street in Philadelphia’s Northern Liberties neighbor- hood has emerged as one of the region’s — and nation’s — top places to establish and grow a creative, tech-focused company.

Revitalizing Market East Unlocking the potential of Philadelphia’s “Main Street” is a $200 million mixed-used project called East Market. Near Independence Mall, the live-work-play area is designed to put “the market” back on Market Street with A WATERSHED a cobblestone walkway lined with stores and restaurants MOMENT IN CAMDEN and a 17-story tower for 300 apartments and offices. An unprecedented public-private initiative, new corporate headquarters, technology Major centers and a reimagined waterfront are development coming together to transform Camden into one of America’s great cities again. projects › Adjacent to Campbell Soup’s world head- representing Heading west: uCity Square quarters is a master-planned urban town over 3 million center being developed by Brandywine The largest urban research park in the U.S., Philadelphia’s Realty Trust where Subaru of America is square feet University City Science Center, is swelling from two to six million square feet. The massive redevelopment project building its $118 million, 200,000 square of new office will create “a community of ingenuity” with a mix of foot corporate headquarters. and mixed- cutting edge lab, office and retail space. › Liberty Property Trust’s bold $1 billion plan to connect the waterfront used space to downtown is the biggest private- and over sector investment in the city’s history. $10 billion › Philadelphia 76ers’ $82 million, in capital 120,000-square-foot front office and practice facility is the most advanced investments Philadelphia Navy Yard sailing along in its league have been This dynamic waterfront business campus is growing quickly › Holtec International’s state-of-the-art, announced with corporate headquarters, expanding businesses and $260 million, 500,000-square-foot startups. So far, it has attracted 152 companies with 11,000 technology and manufacturing center will or are under employees. At full build-out, the 1,200-acre site will support build components for the power industry. construction. up to 20 million square feet of development and 30,000 people. Pennsylvania is home to the first oil and coal operations, and ENERGY today is home to the largest Harnessing Our reserve of natural gas in Market Power the U.S. With the largest oil-refining complex on the Eastern Seaboard, multi-billion dollar investments in new pipelines and an unmatched transportation and distribution infra- structure, Greater Philadelphia is the strategic energy location in the Northeast corridor of the U.S. The game changer: just 100 miles to the north and west are the Marcellus and Utica Shale reserves — the largest supply of natural gas in North America. Greater Philadelphia Energy Action Team It’s a historic opportunity, driven by the Greater Philadel- phia Energy Action Team: a coalition of C-level private and public leaders who share a common vision and have joined forces to leverage our leadership in energy produc- tion, distribution, technology, exports and imports. With a dynamic and unique infrastructure of pipes, rails, highways, and ports — combined with access to natural gas reserves, deep experience in oil refining, and engineering expertise, and proximity to the northeast major population center and key European markets — Greater Philadelphia is already a world-class epicenter for energy production and distribu- tion that is now evolving to be the next Global Energy Hub.

100 miles to the north and west are the Marcellus and Utica Shale reserves — the largest supply of natural gas in North America.

Opposite page: Marcus Hook Industrial Complex (MHIC) “Greater Philadelphia has the human capital, the intellectual capital, the physical infrastructure, and the funding to be the next Global Energy Hub.” DANIEL YERGIN, PULITZER SUNOCO LOGISTICS: PHILADELPHIA ENERGY SOLUTIONS: PRIZE-WINNING AUTHOR OF THE PRIZE, A HISTORY IT’S IN THE PIPELINE LARGEST OIL REFINERY ON THE OF THE ENERGY BUSINESS Sunoco Logistics has invested $3 billion to EASTERN SEABOARD create a world-class natural gas liquids (NGLs) PES receives three unit trains of Bakken crude oil from hub at its Marcus Hook Industrial Complex North Dakota daily and produces over 335,000 BPD. PES (MHIC), with two pipeline projects for ethane and is expanding operations to process shale gas into end-use propane. Mariner East 1 today delivers 70,000 barrels products such as fertilizers, and to power a co-generation per day (BPD) of NGLs from the Marcellus/Utica shale. facility. PES today utilizes half of its 1,440-acre site; the Becoming an Energy Hub Ships filled with ethane are sailing from the MHIC, other half is a prime development opportunity for projects located along the Delaware River in Pennsylvania’s that use natural gas as a feedstock. › 5 major refineries: PES, PBF Delaware County neighborhood, to Europe to fuel (DE and NJ), Monroe, Axeon manufacturing there. This marks a new export trade MONROE ENERGY’S Trainer, PA refinery in › 100 years of natural gas for the region, and a boon to the ports and energy Delaware County is producing jet fuel for Delta Airlines. supply in the Marcellus and industries in both regions of the world. When Mariner has harnessed Utica Shale reserves East 2 begins operations in early 2017, capacity BRASKEM AMERICA INC. the unique assets and infrastructure at MHIC and today › 100% of East Coast oil refining will expand to 345,000 BPD with growth expected is producing polypropylene that it distributes to is located within a 50 mile radius up to 700,000 BPD. customers around the world. › Five natural gas pipeline projects are currently in the planning stages or under construction in the region

Marcellus and Utica Dry Gas Production “The business community is very welcoming. 25,000 Any company 20,000 outside of the 15,000

U.S. looking for 10,000 a place to do Mcf/d (Thousands) business related 5,000 to energy should - 10 11 12 13 14 15 16 an- seriously look Jan-07 Jan-08 Jan-09 Jan- J Jan- Jan- Jan- Jan- Jan- Jan-17 at Philadelphia.”

FERNANDO MUSA, Marcellus Region Utica Region Source: U.S. EIA May 2017 Drilling Productivity Report CEO, BRASKEMAMERICA Greater Philadelphia: Named an emerging global logistics INFRASTRUCTURE hub, one of only 3 in the East Coast U.S. in 2015. Gateway to CBRE the World Any company interested in getting its people and products around the world and the U.S. will find Greater Philadelphia’s location and infrastructure unparalleled. The northern Delaware, southern New Jersey and southeastern Pennsylvania community is the gateway to reach the U.S. market, and is one of the top distribution channels for global exports. Greater Philadelphia is in the heart of one of the largest economies in the world, with 40 percent of the U.S. population within a day’s drive and 60 percent of the U.S. and Canadian populations accessible via a 2-hour flight. The total gross regional product within a 200-mile radius would rank 4th in the world if considered a single national economy. In 2015, global real estate leader CBRE named three emerging global logistics hubs in the U.S. — Greater Philadelphia is one of them. These hubs are a backbone of today’s worldwide supply chain. Infrastructure expertise is the key: › 5 international airports within a 90-minute drive › 2 Class I freight railroads › 3rd busiest AMTRAK station in the U.S. › 100+ interstate highway interchanges › 3 major shipping ports along the Delaware River

30th Street Station - Photo courtesy of Edward Savaria Jr. for PHLCVB Opposite page top: Rendering of a completed Port of Paulsboro - Rendering courtesy of South Jersey Port Corporation and Holt Logistics Corp. Opposite page bottom: Philadelphia Wholesale Produce Market - Photo courtesy of Heather DiPiazza Photography FIRST NEW PORT IN 50 YEARS The deepening of the Delaware River from 40 to 45 feet to accommodate larger ships is set for completion in 2017. This $330 million project set into motion the opening of the Port of Paulsboro in Gloucester County, New Jersey in 2016. It’s the first new port to be built on the Delaware River in 50 years and brings miles of new rail Access to the world lines and an anticipated 2,000 jobs to southern New Jersey. The port’s first tenant, NMLK Steel, signed a deal › The Port of Philadelphia has experienced with Holt Logistics and South Jersey Port Corporation and will soon bring large steel slabs up the river daily. five consecutive years of double-digit The Port of Paulsboro joins the Port of Philadelphia and the Port of Wilmington as major import-export cargo growth and is poised for expansion gateways driving jobs and growth across the 11-county region. with the development of the 196-acre Southport Terminal.

Hundreds of distribution centers make their home in Greater Philadelphia. Among them: › The largest contiguous refrigerated facility in North America is the Philadelphia Wholesale Produce Market — a gateway for fruits and vegetables from around the world. › Amazon’s four massive warehouses in Greater Philadelphia ranging from 500,000-1 million sq. ft, two in Middletown and New Castle, Delaware, a third in Robbinsville, New Jersey and a fourth facility currently being constructed in Florence, New Jersey. › The Port of Philadelphia’s 52-acre forest-products facility. › American Airlines’ new 25,000 square foot temperature-controlled warehouse adjacent to the Philadelphia International Airport is the only facility of its kind on the Northeast corridor. It’s designed for sensitive pharmaceutical therapies and biologics requiring consistent supply chain expertise for medicines to reach patients around the world. › UPS maintains a similar state-of-the-art, temperature-controlled facility and vehicles in Philadelphia for ground transport of medicines and therapies.

One of the top 10 growing global ports.

JOURNAL OF COMMERCE Today, approximately 34 percent of Greater Philadelphia’s ADVANCED MANUFACTURING manufacturing employment Making it Great is in advanced Known as the “manufacturing mecca of the 19th century,” manufacturing, Greater Philadelphia today is a choice destination for exceeding producers of consumer and industrial products, and new the national technologies. It starts with a highly-skilled labor force average of 25 of business, science, and engineering experts along with percent. technicians and workers professionally-trained at scores of trade schools and technical colleges. Today, approximately 34 percent of Greater Philadelphia’s manufacturing employment is in advanced manufacturing, exceeding the national average of 25 percent. Our strategic location, exceptionally reliable low-cost energy, and unmatched infrastructure of ports, railways, interstate highways and airports make the region a perfect location for companies that need convenient, consistent, and robust distribution of their goods. For more than a century, our transportation infrastructure has been the driving force behind Greater Philadelphia’s diverse manufacturing base spanning industries including aerospace, automotive, chemical, communications and electrical equipment, computer hardware, energy, food, medical instruments, paints, pharmaceuticals, and power and petroleum refining.

Opposite page left: Fedegari Tech Center, Sellersville, PA - Photo courtesy of Fedegari Technologies. Opposite page right: LUXTECH Innovation is a manufacturing company located in the Navy Yard that specializes in aiding original equipment manufacturers to bring LED fixtures to the market - Photo courtesy of Jason Heritage and Ben Franklin Technology Partners of Southeastern PA MANUFACTURERS PLANT NEW LOCATIONS IN REGION Companies are recognizing Greater Philadelphia as an excellent place to build and expand their plants, their testing centers, and their technology facilities. Italian manufacturing company Fedegari Technolo- food companies. Among the reasons Universal chose gies, specializing in sterilization and decontamination this region: four major interstates and close proximity technology for biopharmaceuticals, opened a $2.9 to a wide variety of food and beverage companies. million, 10,000-square-foot technology center in When seeking to establish U.S. operations, Puratos Bucks County, Pennsylvania. of Belgium, an innovator in the bakery, patisserie, Nebraska-based Universal Pasteurization is and chocolate industry, selected Cherry Hill, New Jer- expanding their operations into the Northeast region sey for its $50 million manufacturing and warehouse of the U.S. and chose Malvern, Pennsylvania to build facility. Talent, cost of doing business, distribution their 170,000-square-foot facility for High Pressure channels, and quality of life made southern New Processing (HPP), cold storage and other services to Jersey the perfect fit for the Puratos team.

PREPARING HIGH-TECH WORKERS Collaboration is creating a pipeline of skilled workers educational institutions is providing students with so manufacturing can thrive in a new era. County advanced skills for exciting, high-tech careers. The governments have partnered to form manufacturing bottom line: public/private partnerships are infusing alliances, and unified training programs are now the a new economic vibrancy across the region by creat- norm. Likewise, a new alliance between industry and ing high-tech jobs and training students to fill them.

Top or expanding manufacturers include: The merger of Delaware-based DuPont with Dow Chemical has created mammoth specialty chemicals, agricultural, and materials sciences company known as DowDupont. Recognizing the tremendous assets of the region — including a highly- skilled workforce, and comprehensive distribution channels — the newly formed organization is anchoring two of its three new businesses in Wilmington, Delaware. A few of the other notable global leaders in manufacturing: › Aerzen › Johnson › AgustaWestland & Johnson › AstraZeneca › Lockheed Martin › Boeing › Merck › Bristol-Myers › Novo Nordisk Squibb › Pfizer › Campbell’s Soup › Puratos › GlaxoSmithKline Corporation › Holtec International Philadelphia was named the first World Heritage City in the U.S. QUALITY OF LIFE Simply Sensational Dynamic, modern, cutting-edge, historic, cool — the vibe in our region is one of pure excitement, and for good reason. Home to the nation’s first zoo, ice cream soda, basketball game, botanical garden and oldest operating theater, the Greater Philadelphia region has a rich legacy of arts and culture, outdoor life, sports, food and entertainment. We embrace new restaurants, music venues and cultural festivals with the same fervor as our seven professional sports teams. Pop-up beer gardens and pocket parks are as popular as our historic sites and museums, including the world-renowned Barnes Foundation, which put Greater Philadelphia on the map as one of the premier art destinations in the world. In 2015, Philadelphia was named the first World Heritage City in the U.S., enhancing the region’s global profile. In 2017, the groundbreaking new Museum of the American Revolution will open its doors, adding to our cultural assets… and our pride. For adults and children alike, there’s a never-ending list of things to do, see, and learn.

Longwood Gardens - Photo courtesy of B. Krist for Visit Philadelphia Opposite page, top to bottom: Doylestown, PA Dilworth Park - Photo courtesy of Matt Stanley Center City District Boathouse Row #1 “The Brandywine Valley’s 350 square “Place to miles, including visit in America” rolling hills, manicured NEW YORK TIMES, JANUARY 2015 estates and the sparkling Brandywine “Best Urban Trail — River, offer visitors Schuylkill River Trail” a seductive trip USA TODAY, JULY 2015 through history.” THE NEW YORK TIMES “Next Great Food City” TRAVEL + LEISURE

With 30 public gardens in 30 miles and so Cost of Living Difference much of the nation’s Compared to Greater Philadelphia horticultural history rooted here, Greater NEW YORK Philadelphia is 63% dubbed “the cradle of horticulture” and WASHINGTON DC “America’s Garden 23% Capital.” Of note, BOSTON Chester County’s 22% iconic Longwood Gardens, and LOS ANGELES Philadelphia’s 18% Bartram’s Garden, the oldest still-living Source: Council for Community and Economic Development, 2016. botanical garden in all of North America.

Historic treasures extend far beyond Largest Philadelphia’s Independence Mall, Public arts initiative in the U.S. with southern New – Philadelphia Mural Arts Jersey serving as Indoor Flower Show home to 21 National — The PHS Philadelphia Historic Landmarks Flower Show and New Castle County, Delaware Urban park system boasts 10. — the 9,200-acre Fairmount Park ABOUT SELECT Let us be your guide Select Greater Philadelphia is the business attraction organization for the 11-county region of northern Delaware, southern New Jersey and southeastern Pennsylvania. We are focused on shaping and showcasing the image and reputation of Greater Philadelphia by telling the story of our region and its business assets through a clear narrative that positions our neighborhood nationally and globally — and regionally too, encouraging businesses to establish and grow their operations in our community. The Select team delivers comprehensive services that support our mission and add value for our investors, partners and prospects, including: MARKETING & COMMUNICATIONS We tell the story of working, growing, living, and playing in the 11-county region, encouraging companies to locate or expand their operations in our community. Paid advertising, media relations, online messaging, and events that bring partners and prospects together are examples of the wide-ranging communications activities Select develops and implements. BUSINESS EXPANSION SERVICES Select is the “go to” team for companies, site selectors, and real estate representatives working on behalf of organizations from around the world seeking to locate or expand in our region. We listen, understand, advise, and guide the course of location and expansion activities. CONNECTOR & COLLABORATOR SERVICES We connect organizations seeking to locate or expand in the region with economic development teams, real estate professionals, business experts, civic and community leaders, and others as needed to help move plans and ideas from concept to reality. RESEARCH SERVICES Select’s team of professional researchers provide comprehensive regional data to help site selectors, economic development teams, real estate professionals and others make informed decisions related to locating and expanding across the 11-county region. SELECT ECONOMIC DEVELOPMENT PARTNERS

OPERATING NORTHERN DELAWARE MERCER COUNTY CHESTER COUNTY COMMITTEE Delaware Economic Mercer County Office Chester Development Office of Economic Opportunity County Economic Anthony S. Bartolomeo, P.E. Bernice Whaley and Sustainability Development Council President & CEO, Pennoni (302) 672-6808 Elizabeth Maher Muoio Gary W. Smith James Berens [email protected] (609) 989-6555 (610) 321-8218 [email protected] [email protected] CEO, Wexford Science + Technology NEW CASTLE COUNTY SALEM COUNTY DELAWARE COUNTY Matthew P. Cabrey New Castle County Economic Salem County Delaware Executive Director, Development Council Economic Development County Economic Select Greater Philadelphia Robert Chadwick Kathleen Mills Development Office Michael C. Carbone (302) 294-2058 (856) 935-7510 x 8384 J. Patrick Killian Greater Philadelphia Metro Market President, [email protected] Kathleen.Mills@ (610) 566-2225 salemcountynj.gov [email protected] TD Bank SOUTHERN NEW JERSEY SOUTHEASTERN MONTGOMERY COUNTY Nicholas DeBenedictis PENNSYLVANIA Chairman, Aqua America, Inc. New Jersey Economic Montgomery County Development Authority Department of Community Tiffany O'Neill, MGA Ernest J. Dianastasis Timothy J. Lizura & Economic Development (610) 278-5952 Office of International Founder and CEO, The Precisionists, Inc. (609) 858-6657 [email protected] [email protected] Business PHILADELPHIA COUNTY Harold T. Epps New Jersey Business Joseph Burke Director of Commerce, City of Philadelphia Action Center (717) 720-7366 City of Philadelphia [email protected] Joseph Constance Harold T. Epps Daniel K. Fitzpatrick (609) 984-6922 David Briel (215) 683-4600 President and CEO of PA, NJ, DE, NY [email protected] (717) 720-7373 [email protected] Citizens Bank, Comcast Center [email protected] Choose: New Jersey Alternate Representatives: Governor’s Action Team Duane H. Bumb John A. Fry Margie Piliere Brent K. Vernon (215) 683-2005 President, Drexel University (609) 297-2190 [email protected] [email protected] (717) 787-8199 [email protected] Dawn K. Summerville William P. Hankowsky Cathy Scangarella PECO, an Exelon Company (215) 683-2036 Chairman, President and CEO, (609) 297-2203 [email protected] Liberty Property Trust [email protected] Phillip Eastman (215) 841-5640 Lauren Swartz Dr. Patrick T. Harker BURLINGTON COUNTY [email protected] (215) 683-2073 [email protected] President and CEO, Economic Development Team Pennsylvania & Regional Planning Philadelphia Industrial Federal Reserve Bank of Philadelphia Ryan C. Unger Burlington County Development Corporation (717) 233-1375 Bridge Commission (PIDC) Dr. Ali A. Houshmand [email protected] President, Rowan University Mark A. Remsa John Grady (609) 265-5055 BUCKS COUNTY (215) 496-8164 [email protected] Joseph G. Meterchick [email protected] Bucks County Economic Regional President, PNC Bank, Philadelphia, Development Corporation The Navy Yard Delaware and Southern New Jersey CAMDEN COUNTY Robert F. Cormack Prema Katari Gupta Camden County (215) 348-9031 x.12 (215) 218-2847 Richard P. Miller Improvement Authority [email protected] [email protected] CEO, Virtua James R. Lex Bucks County Industrial (856) 374-6152 Development Authority Denis P. O’Brien [email protected] Senior Executive Vice President, Jorden P. (Pete) Krauss Exelon Corporation GLOUCESTER COUNTY (267) 880-6071 CEO, Exelon Utilities Gloucester County [email protected] Exelon Corporation Department of County of Bucks Economic Development Margaret A. McKevitt William R. Sasso, Esq. - Chair Tom Bianco (215) 345-3400 Chairman, Stradley Ronon (856) 384-6930 [email protected] [email protected] Robert Wonderling President and CEO, Chamber of Commerce for Greater Philadelphia

Stephen T. Zarrilli President and Chief Executive Officer, Safeguard Scientifics, Inc. Thanks To Our Supporters Select acknowledges with appreciation the following partners that have invested in Select’s efforts to market the region and attract businesses to Greater Philadelphia.

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Cultivator

Builder

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American Executive Centers Blank Rome LLP Day & Zimmermann JLL Philly Shipyard American Solutions for Business The Buccinni/Pollin Group Diversified Search, Inc. JP Morgan Chase Rowan University BDO Buchanan Ingersoll & Rooney Drinker Biddle & Reath, LLP Kreischer Miller Tierney Berkshire Hathaway HomeServices CAI Holt Logistics McCormick, Taylor & Associates, Inc. UGI Corporation Fox & Roach, Realtors CBRE Janney Montgomery Scott Mitchell & Titus W.L. Gore & Associates, Inc.

Support Select SELECT GREATER PHILADELPHIA is supported by business and civic leaders who want to infuse a new economic vibrancy across our region by creating new jobs and attracting new businesses to our community. SELECT GREATER PHILADELPHIA, a Council of the Greater Philadelphia Chamber of Commerce, is the business To learn more about ways to engage with Select, please attraction marketing organization for the 11-county region of northern Delaware, southern New Jersey and contact Matt Cabrey at [email protected] southeastern Pennsylvania. Through a dedicated focus on marketing and communications activities, Select or at 215-790-3727. showcases Greater Philadelphia to a regional, national and international audience with the goal of growing the economic vibrancy of our collective community by creating new jobs through attracting new businesses to the area and supporting the expansion of existing organizations. SPECIAL THANKS TO: Select Greater Philadelphia • 200 South Broad Street, Suite 700 • Philadelphia, PA 19102 - 3813 SelectGreaterPHL.com • 1-215-790-3653