Philly Tech Week Live Demonstration in Progress


Learn more about investments made in Philadelphia that demonstrate the opportunities that exist for business, as well as information about population and growth that's attractive for investors.

Expansion, innovation, investment—your potential can become your future in the Philadelphia region.

The scale in our region is just right—intimate enough for you to make an impact, and big enough that your impact matters.

Home to more than 100 colleges and universities, 38% of our young, hard-working, resilient, and diverse workforce of 3 million have a bachelor’s degree.

Did You Know?

299% jump in startup funding

Starting funding flowed into Philly last year, resulting in 441 deals valued at $8.1 billion, per data from PitchBook. That's a 299% jump compared to 2020. In just the fourth quarter of 2021, the Philly area saw $2.6 billion invested in 90 deals.

$7.3 billion in economic impact

The Pennsylvania Biotechnology Center of Bucks County and its affiliated organizations have generated an economic impact of $7.3 billion for the state during the past six years, according to a new study.

# 7 out of 10 in the U.S. biopharma clusters

Philadelphia was ranked seventh out of 10 in the U.S. biopharma clusters list compiled by Genetic Engineering and Biotechnology News.

Story of Investment

In 2020-21, Urbane partnered with a consultant team for the United Way, the City of Philadelphia, and PIDC on an initiative to assess and strengthen the ecosystem of support available to Black, Indigenous, and people of color small business owners in Philadelphia.

Story of Investment

SoftBank-backed delivery start-up goPuff valued at $8.9 billion in new funding round, more than double from five months ago

Investment in Philadelphia

71% venture capital investment growth

Venture capital investment in Greater Philadelphia grew 71% over the first three months of 2022, a new report from analytics firm CB Insights says.

$70 million raised in IPOs in 2020

The Philadelphia region’s life sciences industry saw a record number of initial public stock offerings in 2020 with six companies rolling out IPOs totaling nearly $70 million.

#11 in the U.S. for Startups

Philadelphia has the world's 27th-best startup ecosystem and ranks at No. 11 in the U.S., according to an annual report by Startup Genome.

$3 billion raised over 5 years

Over the past 5 years, venture capital funding in Greater Philadelphia’s health care and Internet sectors totaled $3 billion, led by companies in biotechnology, drug development, Internet and software, among others.

85 incubators, accelerators, and co-working spaces

Startups are being launched at over 85 incubators, accelerators, and co-working spaces. Philadelphia has over 900,000 square-feet of co-working space, leased by 22 different service providers, with 555,000 square feet added to Center City over the past two years

75% of all cell and immune-therapy research

Greater Philadelphia is recognized around the world as a leader in cell and gene therapies —75% of the known vectors used in all cell and immune-therapy research were identified at the University of Pennsylvania, and the region is home to the world’s first in-vivo gene therapy manufacturing.
Active Sidewalk with People in Old City Philadelphia

Population Information

Philadelphia delivers so much more than most people expect. We are a global city, with a hometown feel. Take a look at these Philadelphia region facts and figures to learn more.

  • 2nd largest city on the East Coast
  • 3rd most populous downtown in the country
  • 60% of the U.S. population lives within a two-hour flight of Philadelphia
  • 6th largest workforce in the U.S.
$432 B

Gross Regional Product (MSA)

Upward Perspective of the City's Building with a bright sky with clouds in the background

45 million people live within 200 miles — putting Philadelphia at the core of the country’s wealthiest and most-densely populated area.

More Information and Resources

A 350-year legacy of innovation, inclusion, and entrepreneurship fuels possibility for our revolutionary future.