Economic Opportunity
Comprehensive access to opportunities closes gaps.
Economic Opportunity
Comprehensive access to opportunities closes gaps.
Employment, job training, and local and diverse purchasing all stimulate economic opportunities for underrepresented Philadelphians. Career and skills development programs start for those attending local high schools and help form career paths for local residents.
Anchoring the City
Penn is the largest private employer in Philadelphia.
Powering Economic Activity
There is $15.5B circulating in the Philadelphia economy each year based on Penn’s spending and wages. That is almost equal to the economic impact of the PHL airport, which generates $15.4B.
Building Capacity for Success
A commitment to collaborating with Philadelphia residents and businesses leads to more entrepreneurs and employment.
How Building Penn Medicine’s Pavilion Helped Launch This Philadelphian’s Career
Penn Today
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ECONOMIC OPPORTUNITY in, of, and for Philadelphia
(or 1 in 8) Philadelphia jobs start at Penn: half at the University or its Health System, half powered by Penn’s economic activity.
Spent with local suppliers in 2022, including $23.4M with Black-owned businesses.
Of graduates of the West Philadelphia Skills Initiative gain employment, with an average hourly starting wage of $17.96.
Of waiting time. Underrepresented suppliers receive “immediate pay” on purchase orders.