GREATER PHILADELPHIA Bucks County 1
Greater Philadelphia Let’s take a look at the region itself. The tri-state Greater Philadelphia region is over 4,500 square miles and is comprised of 11 counties, including: New Castle County in Delaware Burlington, Camden, Gloucester, Mercer and Salem Counties in New Jersey Bucks, Chester, Delaware, Montgomery and Philadelphia Counties in Pennsylvania It is overall the second largest region on the East Coast in terms of employment, population and income. 2
Strategically Positioned 3
46.1 million people; $1.46 trillion in spending power Powerful Market 46.1 million people; $1.46 trillion in spending power 4
First Rate Region Metric Number Ranking Population 6.1 Million 5th Gross Regional Product $355 Billion 7th Employment 3 Million 4th Personal Income $277 Billion 5
Private Sector Employment Change 6
Bucks County Characteristics 10.2% of Population 9.1% of Employment 8.8% of Gross Regional Product 13.9% of Manufacturing Jobs 11.3% of Total Personal Income 34.2% with Bachelor’s or Advanced Degree 13.4% with Advanced Degrees 83rd in Per Capita Personal Income
Alternative Energy Advantages Strong Collaboration MANA, NTI, Center for Distributed Power Universities Delaware, Drexel, Penn, Penn State, Princeton, Rutgers, Temple, Widener Excellent Community Colleges Strengths Batteries, fuel cells, smart grid, photovoltaic's, advanced materials PJM - world’s largest power market
Alternative Energy DE, NJ, PA Alternative Energy Companies Strong Market Demand Policies promoting energy development Smart Grid collaboration Renewable Portfolio Standards Job training programs Alternative Energy Companies AE Polysilicon, Epuron, Gamesa, GE Wind, HelioSphera, Iberdrola, Princeton Energy Systems Manufacturing Legacy Firms provide raw materials, equipment, devices, infrastructure Skilled workers
Green Growth PA ranked 3rd in clean-energy jobs with 38,763 NJ ranks 9th with 25,397 NJ ranked 7th and PA 8th in venture capital investments Penn is largest college purchaser of green power Greenworks Philadelphia – Greenest US city by 2015 Date Last Updated: 8/28/09 Sources: Pew Charitable Trusts 2009, Philadelphia Business Journal, Global Insight Forecast
Select Greater Philadelphia Regional data Information analysis Regional marketing Business connections Site location services 11
Progress January 2005 –December 2009 Total prospects and leads RFI’s and RFP’s Client site visits Site consultant meetings Marketing missions Media assists 618 501 213 443 88 328 12
Results Attracting Businesses 49 companies 3,400 direct jobs 9,000 total jobs $90,700 average direct jobs wage $315 million in direct income $670 million total income
HelioSphera 400 Jobs $500 Million Investment 500,000 SF Manufacturing Plant Thin Film Solar Panels for Commercial Use Naval Business Center Opening in 2011
Thank You! www.selectgreaterphiladelphia.com 200 South Broad Street Suite 700 Philadelphia, PA 19102-3896 P: 215.790.3777 or 1.800.221.0774 F: 215.790.3720 www.selectgreaterphiladelphia.com 15