Local Economic Opportunity
Comprehensive access to opportunities closes gaps.
Local Economic Opportunity
Comprehensive access to opportunities closes gaps.
Employment, job training, and local 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 $25.2B circulating in the Philadelphia economy each year based on Penn’s spending and wages. That surpasses the economic impact of the region’s tourism industry* ($12.4B) and of the PHL airport ($18.7B).
* Visit Philadelphia and the Philadelphia Convention and Visitors Bureau
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
Daphne Sashin
Read the storyMore Local Economic Opportunity Stories
LOCAL ECONOMIC OPPORTUNITY in, of, and for Philadelphia
Jobs help Philadelphians thrive—whether at Penn or through Penn’s local vendor contracts.
Spent with local suppliers, including $80M with minority-owned businesses and $90M with woman-owned businesses.
Of graduates of The Skills Initiative gain employment, with an average hourly starting wage of $19.85.
Of waiting time. Local suppliers receive “immediate pay” on purchase orders.