Mercer County. Greater Philadelphia  5 th Population  5 th Personal income  5 th Labor force  4 th Media market.

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Presentation transcript:

Mercer County

Greater Philadelphia  5 th Population  5 th Personal income  5 th Labor force  4 th Media market

Powerful Market 46.1 million people; $1.46 trillion in spending power

Greater Philadelphia Center of Higher Education  101 schools  290,000 FTE students  80,000 degrees awarded  24,885 Mercer FTE’s at six institutions  Mercer educational attainment %

Mercer County Share of regional economy  5.9% of population  8.1% of employment; 4.2% of mfg.  7.1% of gross regional product  6.8% of total personal income  $55,749 per capita personal income

Mercer County 2009 Commuting – Employed Mercer Residents  48.9% worked in Mercer County  40.3% worked elsewhere New Jersey  5.2% worked in New York  4.7% worked in Pennsylvania

Mercer County 2009 Commuting – People Working in Mercer  36.1% lived in Mercer County  49.4% lived elsewhere in New Jersey  12.2% lived in Pennsylvania  1.6% lived in New York

Core Functions  Competes for projects  Generates data and analysis  Conducts marketing  Advocates for growth policies Select Greater Philadelphia

Assisting Companies Single Regional Source For  Information  Site tours  Introductions  Local partner coordination  Incentive facilitation

LECG Smart San Francisco Consulting Firm  Key drivers: labor, cost, customers  Research provided Cost of living Space costs Occupational wage rates European flights

Mark Group Energy Efficiency Company  Provided custom research  Hosted five visits Workforce and market analysis Real estate search and tours Incentive discussions Leadership roundtable U.S. CEO interviews

Logistics Media Tour Hosted Reporters  Australia, Brazil, Korea, Germany, South Africa, UK  Three day, tri-state tour  Ports, transportation, warehousing  Generated four articles to date

Locate Sources 62 Firms have Selected Greater Philadelphia  Local Partner31%  ED Partner36%  Website 28%  Site Selector 5%

Cumulative Results Business Attraction  62 companies  4,600 jobs  $1.74 billion annual direct impact  $4.08 billion annual output 2/20/11

Improving the Region Policy Initiatives  Infrastructure Amtrak PHL Route 422  Entrepreneurship  Human Capital

Single Regional Resource For More Information Contact SELECT GREATER PHILADELPHIA 215/