Northern DE, Southern NJ, Southeastern PA (May 23, 2012) — With more than 3 million workers, Greater Philadelphia has the nation’s fifth largest labor force — a diverse and high quality pool that is a key factor in decisions to locate or expand businesses in the region.
The 2012 Regional Report, released today by Select Greater Philadelphia, finds that the region’s labor force has an unusually high level of education and training. In a region where over 22% of entry-level jobs required a bachelor’s degree or higher in 2010, Greater Philadelphia has the talent today’s businesses need — with over 100 institutions of higher learning that provide the right workers for industries from pharmaceutical R&D to advanced manufacturing.
“Greater Philadelphia has a high concentration of skilled workers in many industry sectors across the region,” said William Sasso, Chairman of Select Greater Philadelphia and Chairman of Stradley Ronon. “Business leaders here understand that the success of their company is ultimately tied to the top-notch people in this region.”
Throughout its pages, the 2012 Regional Report introduces readers to business executives, academics and innovators who work and live in Greater Philadelphia. Their message is clear: the location, livability, quality workforce, cost of doing business and global access, make the 11-county region an ideal place to locate a company. But they agree that the biggest factor in a company’s decision to locate or expand in Greater Philadelphia is the people that live and work in this region.
“Among this region’s greatest accomplishments and milestones, none are as great as the people behind the ideas,” said Thomas G. Morr, Select’s President and CEO.
With 101 institutions of higher learning, Greater Philadelphia has a ready pipeline of more than 85,000 skilled workers graduating each year. Greater Philadelphia’s wide talent pool — 3.1 million workers in February 2012 – enables companies to find skilled employees with the levels of education, experience and training required to operate profitably.
The 2012 Regional Report also profiles key economic sectors in Greater Philadelphia including information technology, life sciences, financial and business services, logistics and research and development activity.
For more information and copies of the regional report, visit www.selectgreaterphiladelphia.com or contact Select at (800) 221-0774.
Bryan Evans | +1-215-790-3831 | [email protected]
About Select Greater Philadelphia
Select Greater Philadelphia (Select) is an economic development marketing organization dedicated to attracting companies to the Greater Philadelphia region. Select assists companies interested in the vicinity by providing detailed information about the 11-county area and a one-stop connection to numerous resources that help companies make informed decisions about locating to the region. Through global marketing efforts, Select works to promote the region’s key assets to help build the area’s economy. The Greater Philadelphia region encompasses northern Delaware, southern New Jersey and southeastern Pennsylvania. Select is a private, non-profit organization and an affiliate of the Greater Philadelphia Chamber of Commerce. For more information, visit www.selectgreaterphiladelphia.com or call 215-790-3777.