Click below if you’d rather listen to this blog post:
By Joann Bell, Director of the Pugliese Philadelphia Government Office
The Philadelphia office of Pugliese Associates is in its tenth year of operation with a growing list of clients.
The key to servicing our Philadelphia-focused clients is to fully understand needs and devise best strategies to achieve goals. We include a good working knowledge of clients’ products and services, market share, and competition. As a government relations firm that specializes in legislative, regulatory, appropriations, procurement, and business consulting, we also understand the political, economic, and social climate of Philadelphia and Pennsylvania. We are especially attuned to the recent electoral results and the political alignment of the Pennsylvania State Legislature. We work closely with both sides of the aisle to ensure that our clients’ voices are heard. Pugliese Associates, with offices in Harrisburg and Philadelphia, is a conduit for connecting businesses to success in the Commonwealth of Pennsylvania.
We invite companies wishing to do business in an urban setting to explore Philadelphia.
The Philadelphia region with its rich cultural diversity is a great place to do business.
This region is home to the growing research and development industry, energy technology, life sciences and pharmaceuticals, communications–information technology, and finance and advanced manufacturing. The birthplace of the nation is also host to major colleges and universities, including the University of Pennsylvania, Temple University, St Joseph’s University, LaSalle University, Philadelphia University, Drexel University, and the fastest growing community college in the Commonwealth of Pennsylvania–Philadelphia Community College
Philadelphia is also a city of neighborhoods with strong immigrant and ethnic identities that celebrate its culture through food and tradition–Chinatown, Italian Market, Mummers and Odunde festival are some examples. The stabilization of the neighborhoods that experienced economic decline over the past 40 years requires a delicate balance of preserving cultural identity while welcoming newcomers.
The social and business atmosphere is a blend of world-class restaurants and musical venues of every genre that is attracting a young, multi-racial, bilingual, and diverse workforce while also luring empty nesters back to the city’s center.
Philadelphia’s current growth spurt presents both opportunities and challenges.
A city whose 1950s population was once over 2 million people has declined over the past 70 years to a population of 1.5 million. This population decline coincided with the loss of Philadelphia’s industrial and manufacturing industries.
Philadelphia was once home to two Budd Company plants that manufactured automobile parts and rail cars and provided stable high-wage union jobs to over 4,500 employees at its highest peak. The Philadelphia Naval Shipyard employed up to 40,000 workers during World War II and lost 7,000 high-wage jobs at its closing in 1995. Philadelphia was once home to the nine-acre Stetson Factory that made the famous Stetson hats.
Commonwealth of Pennsylvania legislative initiatives such as the financing of the Pennsylvania Convention Center and the adoption of the Pennsylvania Racehorse Development and Gaming Control Act (Act 71) provided economic markers that helped to change the landscape of Center City and also expanded its borders. In anticipation of an influx of tourism dollars, investors took advantage of the various state and local government economic development programs that were designed to both return vacant land and structures to the tax rolls and to spur job creation.
With challenges to overcome, “smart” investors would be wise to consider Philadelphia for the following reasons:
- Its location between the financial and political capitols of New York City and Washington D.C.
- Philadelphia is much more affordable than the similarly situated cities of Boston, New York, and Washington D.C.
- Repurposing old shuttered factories and plants which are ripe for economic assistance and incentives and could be home to new solar and green space technology production, modular homes production plants, medical marijuana technology and grow houses, and small business manufacturing incubators.
- Create partnerships with community-based non-profit organizations for the purpose of revitalizing “distressed” communities by investing in these communities through tax credit programs.
Pugliese Associates can strategically assist in navigating challenges and “ease-of-entry” into the Philadelphia business community. We’d like to talk to you further about our ideas – reach out to us at www.puglieseassociates.com.