Site Selection Magazine Spotlights Philly Navy Yard – ‘Naval Shipyard to Novel Life Sciences District’

Site Selection Magazine’s May 2025 issue features an investment profile on the Greater Philadelphia region, highlighting the Philadelphia Navy Yard’s transformation from a former naval shipyard to a novel life sciences district as an example of one of region’s many major life science campuses. The Navy Yard’s story underscores Greater Philadelphia’s leadership in the life sciences and advanced manufacturing industries and emphasizes its growing appeal as a global business destination.

Greater Philadelphia is ranked among the top 25 global startup ecosystems and as one of the

Colliers 2025 Report: Greater Philadelphia Maintains #4 U.S. Life Sciences Market Rank

According to the 2025 National Life Sciences Report by the global real estate company Colliers, the Greater Philadelphia region has maintained its ranking as the #4 U.S. life science market, the same as in 2024.

The annual life science market ranking compares 18 leading U.S. life market metros based on weighted criteria around several key factors, as follows: 2024 venture capital funding (40%), the size of the market inventory (40%), FY 2024 NIH funding (5%), 2024 research-oriented life sciences workforce (5%), 2023 biomed degree completions (5%) and the amount of space absorbed […]

2024 Philadelphia Venture Report: $3.3 Billion in Funding Highlights Regional Growth

Despite challenging national trends, Greater Philadelphia’s impressive $3.3 billion in venture capital funding across 444 deals in 2024 highlights the region’s resilience and growth in the venture capital landscape.

According to the Philadelphia Alliance for Capital and Technology’s (PACT) and PitchBook’s annual Philadelphia Venture Report, released on February 27, 2025, this figure is up from $2.4 billion across 403 deals in 2023.

The 2024 report indicates that the Philadelphia region’s ecosystem showed remarkable strength, particularly at the early-stage levels, and demonstrated the market’s ability to attract significant investments, even […]

2023-24 Engage! Interviews Summary Report: Employer Opportunities & Challenges in Philadelphia

Select Greater Philadelphia (Select) is excited to present our report summarizing the outcomes of the 2023-2024 Engage! Interview Initiative for Philadelphia.

Drawing from data provided by the Pennsylvania Department of Community & Economic Development (PA DCED) through its 2023-2024 “Engage!” program, for which the Chamber is a supporting partner, the Select team analyzed insights from 87 interviews with business owners in Philadelphia County during the 2023-2024 fiscal year. This comprehensive report compares the findings from Philadelphia businesses to regional data, serving as a tool to help businesses benchmark their engagement and explore […]

“Why Greater Philadelphia Ranks #2 As CGT Hub” Featured in Cell & Gene

The Chamber of Commerce for Greater Philadelphia commissioned a study conducted by Econsult Solutions, Inc., titled The State of Cell and Gene Therapy in the Greater Philadelphia Region: A Comparative Analysis, which measured the impact of our region’s progress in cell and gene therapy through five key lenses: research infrastructure, human capital, innovation output, commercial activity, and value proposition. The study compared Greater Philadelphia to 14 other U.S. metros – Baltimore, Boston, Chicago, Cleveland, Houston, Indianapolis, Los Angeles, New York, Research Triangle, San Diego, San Francisco, Seattle, and Washington D.C. – […]

Big4Bio Publishes Philadelphia Life Sciences Report with 2022 Outlook

The CEO Council was pleased to again contribute to Big4Bio’s annual 2021 Philadelphia Year-in-Review report by providing a look forward to what we might expect in the region’s life sciences industry, including the cell and gene therapy sector, in 2022. The outlook is reprinted below and the link to the full report, as well as reports for the Boston, San Francisco Bay, and San Diego markets, can be found on Big4Bio’s website.

“These Year-in-Reviews reflect the constant growth of the life science industry in these Big4Bio regions and also help provide important information for 2022 planning […]

Study Projects Future Workforce Talent Needs for Cell & Gene Therapy Sector and Benchmarks Connected Health Sector in Greater Philadelphia

PHILADELPHIA (May 13, 2020) – An independent study to analyze the current workforce landscape and assess the future talent needs of the Greater Philadelphia region’s cell and gene therapy and connected health sectors has found that this workforce is expected to grow between 35 percent to 94 percent in the next 10 years using mid-range growth estimates. The growth could be as much as 54 percent to 136 percent using high-range growth estimates.

With support from The Lenfest Foundation, three organizations – the Chamber of Commerce for Greater Philadelphia’s regional CEO Council for Growth, the University City Science Center, and University […]

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