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. • Home to three major shipping ports including one of the very few directly served by three Class I railroads. • Well­positioned to succeed in the global marketplace in four key industries: Life Sciences, Chemicals, Financial Services and Information Technology. • Ranked top for current impact in the Life Science industry by the Milken Institute's 2009 report. • Philadelphia voted “Next Great American City”, National Geographic. • About Inc. rated Philadelphia as one of the top walking cities in the U.S. • Bicycling Magazine rated Philadelphia as a runner­up as best cycling city in the U.S. 4515644 Philadelphia­ Birthplace of America o Birthplace of America and its Government and Legal System o First Capital of US, First Manufacturing Center of US. First Commercial & Financial Center of US o First paper mill, public school, fire station, public library, hospital, insurance company, medical school, bank, law school, Federal lint, highway, water works, printing company, railroad, zoo o 1st Ship (Empress of China) from US to China (1784) financed and underwritten by Philadelphia merchants (Robert Morris) and insurance company (Cigna’s predecessor) o 1st major exhibition of Chinese Art in America—Philadelphia—1876 Centennial Celebration o 1st foreign orchestra to visit modern China—Philadelphia Orchestra in 1973—considered America’s symphony ambassador o One of the 1st foreign pharmaceutical companies to invest in China— Philadelphia’s GlaxoSmithKline (1987) o One of the 1st foreign insurance companies to invest in China— Philadelphia’s CIGNA o Philadelphia’s university –the school of choice for the children of China’s most prominent leaders: Son of former Chinese President, Jiang Zemin, attended Philadelphia’s Drexel University o Summit between University of Pennsylvania President Judith Rodin and former Chinese President Jiang Zemin (1998) o Establishment of the Wharton‐Graduate School of Education‐China Executive Management Education Program (1994) o 1st foreign law school in China: Temple University Law School’s campus at Tsinghua University (1999)—the breeding ground of China’s brightest legal minds, sponsored by Philadelphia’s AIG o Philadelphia’s Aramark Corporation acquired one of China’s leading facilities service companies (2004) 4515644 GREATER PHILADELPHIA EXPORTS PROFILE 4515644 International Business in Greater Philadelphia With easy global market access, the Greater Philadelphia region is ideal for the operation of firms located outside the U.S. or those that do business internationally. In fact, over 590 internationally headquartered companies from 37 different countries have located an office or facility in Greater Philadelphia. In addition to the increasing number of foreign‐owned businesses in Greater Philadelphia, the region has the 11th largest foreign‐born population in the United States. Resources • There are many international chambers of commerce and foreign consulates in Philadelphia. There are dozens of international community groups. • The International Visitors Council‐nominated for a Nobel Peace Prize‐ arranges tours for hundreds of foreign business delegations annually. • The area's World Affairs Council hosts more than 50 events a year with renown CEOs, journalists, policy makers and authors. • World‐class colleges and universities, and research institutes, Greater Philadelphia gives companies access to fresh talent. • Cuisine from around the globe. Reach • Greater Philadelphia is two hours by air to 50% of the U.S. population and six hours non‐stop to California, Great Britain, Europe, and Latin America. • Midway between New York and Washington, D.C., a strong transportation hub makes it easy for businesses to move people, products, and ideas around the world. • Our thriving business community brings together international corporations and innovative new ventures. The top five countries with companies located in Greater Philadelphia are the United Kingdom, Germany, Canada, Japan and France. 4515644 Fortune 1000 Companies in Greater Philadelphia Company Name Rank Revenues in Millions Location AmerisourceBergen 24 71,789 Chesterbrook, PA Comcast 59 35,756 Philadelphia, PA Sunoco 78 29,630 Philadelphia, PA DuPont 86 27,328 Wilmington, DE Cigna 129 18,414 Philadelphia, PA Aramark 189 12,297 Philadelphia, PA Lincoln National 256 9,071 Radnor, PA NRG Energy 263 8,952 Princeton, NJ Crown Holdings 289 7,938 Philadelphia, PA Campbell Soup 299 7,586 Camden, NJ UGI 369 5,737 King of Prussia, PA Sun Guard Data Systems 380 5,508 Wayne, PA Universal Health Services 403 5,202 King of Prussia, PA Unisys 452 4,597 Blue Bell, PA Airgas 474 4,349 Radnor, PA Burlington Coat Factory 559 3,571 Burlington, NJ VWR Funding 561 3,561 West Chester, PA PHH 638 3,033 Mount Laurel, NJ FMC 667 2,826 Philadelphia, PA Church & Dwight 723 2,520 Princeton, NJ Cephalon 781 2,192 Frazer, PA Ametek 797 2,098 Paoli, PA Charming Shoppes 810 2,064 Bensalem, PA Vishay Intertechnology 816 2,042 Malvern, PA Teleflex 831 2,001 Limerick, PA Covance 846 1,962 Princeton, NJ Urban Outfitters 852 1,937 Philadelphia, PA Pep Boys‐ Manny, Moe & Jack 860 1,910 Philadelphia, PA Toll Brothers 914 1,755 Horsham, PA 4515644 Fortune 500 Companies within 200 Mile Radius Total Revenue ($ Employees ­ Company Name million) Company Wide AES $ 16,070.0 25,000 Aetna $ 30,950.7 35,500 Air Products and Chemicals, Inc. $ 8,256.2 18,900 Alcoa $ 30,748.0 87,000 American Express $ 24,523.0 66,000 American International Group $ 110,064.0 116,000 AmerisourceBergen Corporation $ 71,760.0 1,030 ARAMARK Corporation $ 13,470.2 260,000 Arrow Electronics $ 16,761.0 12,700 Assurant $ 8,453.5 15,000 Automatic Data Processing $ 8,867.1 45,000 Avis Budget Group $ 5,984.0 26,000 Avon Products $ 10,690.1 42,000 Bank of New York Mellon Corp. $ 14,798.0 42,900 Barnes & Noble $ 5,410.8 37,000 Becton Dickinson $ 7,160.9 29,116 Bed Bath & Beyond $ 7,208.3 37,000 Black & Decker $ 6,086.1 22,100 BlackRock $ 4,844.7 5,341 Bristol‐Myers Squibb $ 20,597.0 35,000 Cablevision Systems $ 7,230.1 20,105 Campbell Soup $ 7,586.0 18,700 Capital One Financial $ 13,892.7 25,800 CBS $ 14,072.9 25,920 Chubb $ 13,221.0 10,400 CIGNA Corporation $ 19,101.0 30,300 CIT Group $ 8,605.0 4,995 Citigroup $ 159,229.0 326,900 Colgate‐Palmolive $ 13,789.7 36,600 Comcast Corporation $ 34,256.0 100,000 Computer Sciences $ 16,739.9 92,000 Consolidated Edison $ 13,388.0 15,628 Constellation Energy $ 19,818.3 10,200 Corning $ 5,948.0 27,000 Coventry Health Care $ 11,913.6 15,800 Crown Holdings, Inc. $ 8,305.0 21,300 Danaher $ 12,697.5 50,300 Dover Corporation $ 7,487.2 32,300 DuPont $ 30,653.0 60,000 Emcor Group $ 6,785.2 28,000 Estee Lauder $ 7,037.5 31,300 Fannie Mae $ 43,355.0 5,800 Foot Locker $ 5,437.0 39,758 4515644 Freddie Mac $ 43,104.0 5,000 Gannett $ 6,767.6 41,500 General Dynamics $ 29,300.0 92,300 General Electric $ 156,783.0 323,000 Goldman Sachs Group $ 87,968.0 30,067 Great Atlantic & Pacific Tea $ 9,516.2 48,000 Guardian Life Insurance Co. of America $ 10,070.7 5,400 Hartford Financial Services $ 9,219.0 31,000 Henry Schein $ 6,394.9 12,500 Hershey $ 5,132.8 14,400 Hertz Global Holdings $ 8,525.1 24,900 Hess $ 31,924.0 13,500 Honeywell International $ 36,556.0 128,000 Host Hotels & Resorts $ 5,288.0 215 Icahn Enterprises $ 5,008.0 52,500 International Business Machines $ 98,786.0 398,455 Interpublic Group $ 6,554.2 45,000 ITT $ 11,694.8 40,800 J. P. Morgan Chase & Co $ 116,353.0 224,961 Jarden $ 5,383.3 20,000 Johnson & Johnson $ 61,897.0 118,700 L‐3 Communications $ 13,960.5 65,000 Legg Mason $ 4,634.1 3,890 Lincoln National $ 9,905.0 9,696 Lockheed Martin $ 42,731.0 146,000 Loews $ 13,247.0 19,100 Marriott International $ 12,879.0 146,000 Marsh & McLennan $ 12,148.0 54,400 MasterCard $ 4,991.6 5,500 McGraw‐Hill $ 6,772.3 21,649 Medco Health Solutions Inc.