Philadelphia jumped up two spots to number five on JLL’s list of top cities in the nation for life sciences.
The ranking was based on criteria such as available workforce, increased funding in the sector, and expanding lab space.
One of Philadelphia’s greatest strengths is the region’s over 100 colleges and universities. These institutions are producing top STEM talent to feed the growing demand of regional life science companies.
According to a Philadelphia Magazine article, the Philadelphia region has added over 135,000 millennials within the past 10 years and currently has approximately 567,000 people working in the “eds and meds” sector.
The Greater Philadelphia region continues to be a national leader in clinical trials, personalized medicine, and gene therapy, making it one of the top life sciences hubs both nationally and globally.