Salem County Economic Development
Connecting Businesses TO THE RESOURCES FOR GROWTH IN SALEM COUNTY
Salem County is located in the heart of the Northeast Corridor less than two hours from Washington, D.C., Baltimore, New York City and Philadelphia. Salem County officials and Economic Development partners work diligently to create smart growth opportunities for business and industry. Salem County has demonstrated disciplined leadership and strong financial management, making the county the perfect choice for an entrepreneur or corporate business leader wanting to achieve business growth.
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Driving Economic Growth: Salem County #7 on the “11 Reasons Why Greater Philadelphia is Better Than Ever” List
By Matthew P. Cabrey, Executive Director at Select Greater Philadelphia
Original Article: https://www.linkedin.com/pulse/11-reasons-why-greater-philadelphia-better-than-ever-cabrey
11 Reasons Why Greater Philadelphia is Better Than Ever
The Greater Philadelphia region has burst onto the global stage through recent milestone events, including the Papal Visit and World Meeting of Families, World Heritage Cities designation, the groundbreaking doublehand transplant at Children’s Hospital of Philadelphia, Forbes 30 Under 30 conference, and the site for the 2016 Democratic National Convention. Our region has a growing population, an excellent transportation infrastructure, and the most medical schools of any metropolitan area in the world.
Greater Philadelphia is better than ever, and here are some reasons why.
1. Growth of Millennials
Not only has the population of the city proper increased by 70,000 residents since 2008, a recent Campus Philly report shows that Philadelphia is the number one city in the U.S. for growth of millennials with a college degree, providing both an unparalleled talent pool and the perfect environment for a burgeoning and prosperous start-up community.
2. International Business
Global companies are recognizing the region as an ideal location to expand their businesses; Italian technology company Fedegari Technologies opened a $3 million center in Bucks County, where Elcon Recycling Services, an Israeli company, is set to construct a treatment facility.
3. Flourishing Startup Community
Conshohocken is one of the best places to start a company, according to NerdWallet. With over 15 business people per 100 residents, and global companies such as AmerisourceBergen, Morgan Stanley, and IKEA calling this Montgomery County town home, the talent pool, quality of life and lower cost of doing business is attracting start-ups like never before.
4. Reimagining Work Spaces
Chester County’s Great Valley Corporate Center created the model for the modern day office park, and is now reinventing how companies and their employees get work done. Liberty Property Trust is transforming the 1970’s Malvern-based center into a pioneering space where employees can do so much more than work.
5. Fuel for Your Body and Vehicle
Wawa was recently voted the top convenience store in the country and will soon have 900 stores along the east coast providing gas, coffee, hoagies, milk and more. Staying true to its Philadelphia area roots, Wawa is now investing $50 million to expand its 26-acre headquarters campus in Delaware County.
6. Training Future Employees
Information technology (IT) jobs are projected to grow 22% by 2020, and a unique New Castle County job training program – Zip Code Wilmington – is setting the national standard in preparing workers for high-paying computer science and IT jobs.
7. Quietly Growing Our Economy
The presence of both a flourishing agricultural industry and prominent warehouse distribution centers—such as Five Below’s one million square-foot warehouse—are driving economic growth not only in Salem County, but also across our region.
8. The Reinvention of a City
Camden County is in the midst of a transformation, with investor confidence in the City of Camden the highest it has ever been, spurring construction of notable projects by Brandywine Realty Trust, Liberty Property Trust, and Dranoff Properties among others. Subaru of America, Holtec International, Cooper Hospital, and others are among leading organizations that are building, expanding and hiring – lifting Camden, and our entire region, to new heights.
9. The Rise and Spread of World-class Healthcare
Virtua, Southern New Jersey’s largest healthcare provider and one of the region’s most prolific collaborators, is investing in a new 100 acre, $1 billion medical campus in Burlington County. Virtua extends its healthcare excellence and regional economic impact through implementing a vision that embodies cross-institutional partnerships – all to help patients live healthier lives.
10. Flourishing Food Manufacturing
Gloucester County is renowned nationally as an epicenter of the food-manufacturing sector thanks to its more than 600 food-manufacturing companies and over 100 producing farms in our region. Cupboards across the world are filled with food produced and shipped from Greater Philadelphia, specifically Gloucester County.
11. Magnet for Global Companies
With Amazon’s hiring of 800 people to work at their new fulfilment center in Robbinsville, NJ, and Bristol-Myers Squibb’s current construction of a new 650,000 square foot campus in Lawrence, NJ, Mercer County continues to reinforce our communities proven image as one of the top spots along the mid-Atlantic region to establish and grow a company.
There are scores more reasons why our Greater Philadelphia region is better than ever – and getting better every day, including a quality of life that is second to none. Money magazine named towns in Delaware and Chester counties as two of the top 30 best places to live, and Huffington Post named Philadelphia as a top 10 city to relocate to in the U.S. And our future is even brighter thanks to a new energy and positivity infecting our psyche and infusing a “can do” attitude that is transforming our 11-county neighborhood into the place to establish and grow a business and to live, work, create, dine, innovate, play, and raise a family.