Four companies based in Europe are locating their U.S. headquarters in Philadelphia within the next year.
Two of the four companies are locating here as a direct result of the Philadelphia Department of Commerce’s European trade mission in September 2016.
The companies include Italy-based Tactical Pro USA, which sells military products, France-based Clem, a car sharing interface, Germany-based LambaWerk, which is a healthcare provider, and Portugal-based Cave Digital, a software company.
These businesses chose Philadelphia over other cities for numerous reasons, including cost of doing business, location, and talent pool. Cave Digital claimed that the latter was a huge draw.
“We are always thinking long-term and the future leaders of our company are in colleges and universities,” said Joao Costa, Cave Digital’s Business Strategy Manager, in a Philadelphia Business Journal article.
The software company was initially looking at New York as their landing spot before visiting Philadelphia and deciding it was a better choice.