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Greater Philadelphia is the 5th largest metropolitan region in the U.S. population, yet the cost of living and office rentals are lower than other major northeast cities including New York, Boston, Washington D.C. and Baltimore. Philadelphia is between Washington, D.C. and New York, both easily accessible in 2.5 hours or less by train or car. Daily non-stop flights between Tel Aviv and Philadelphia and only a six to seven hour time difference make transatlantic travel easy. A thriving entrepreneurial community, growing international population and strong cultural base contribute to an appealing lifestyle for professionals.
Israeli Companies in the Region
Philadelphia is fast becoming a hub for high-tech and manufacturing companies from Israel. Teva and Palram have U. S. headquarters here and Amdocs, Mennen Medical and Retalix have offices. Growing Israeli companies are making successful launches in the region: Hema Clear, MicroMRI, Molecular Detection Inc., Paieon, Petnovations, Rosetta Genomics, Safend and Shunra. Retailers like Hollandia and Obey Your Body have made Philadelphia their anchor in the U.S.
Industry
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Life Sciences
Life Science is the #1 economic engine driving the Greater Philadelphia region with more than 400 life sciences companies.
- Philadelphia has 11 major pharmaceutical companies and 8 headquarters, four times the national concentration of pharmaceutical manufacturers
- Biotechs account for 44% of annual venture capital investment
- Life sciences are the #1 employer in the region. One in six jobs and 15% of economic activity in Greater Philadelphia is attributed to the life sciences Industry.
- Top pharmaceutical companies in the region include:
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AmerisourceBergen Corp |
Merck |
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Johnston & Johnson |
Wyeth |
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GlaxoSmithKline |
Teva |
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AstraZenca |
Shire |
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Sanofi-Aventis |
Cephalon
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Information Technology
Greater Philadelphia’s information technology sector is the 6th largest in the country. With Comcast Corporation’s announced acquisition of NBC, substantial growth is imminent.
Fortune 1000 Companies here: |
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Comcast |
IKON Office Solutions |
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SunGuard Data Systems |
Vishay Intertechnology |
Science and Chemicals
Greater Philadelphia employs twice the number of chemical sector professionals than other U.S. cities and the intensity of chemical technicians is second highest in the country.
Fortune 1000 Companies here are: |
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Sunoco |
Rockwood Holdings |
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DuPont |
FMC |
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Rohm & Haas |
Hercules |
Cleantech
Cleantech is a relatively new, but growing rapidly due to strong regional assets:
- Philadelphia sits in the middle of the heavily-populated Washington, D.C.-to-Boston corridor, and consumes a large segment of the nation’s power.
- Pennsylvania and New Jersey were among the earliest states to encourage the use of alternative-energy by requiring companies to sell a certain percentage from alternative generation sources.
- PJM Interconnection, based in Philadelphia , is the largest regional electrical grid operator in the country.
- The U.S. Navy, located in the Philadelphia Navy Yard, a hub for green-tech development, is at the heart of efforts to promote technology related to distributed power production and management.
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Lifestyle
Philadelphia is called the City of Brotherly Love and for good reason, because it is a warm and welcoming place. The sister city to Tel Aviv and the birthplace of Benjamin Franklin, Philadelphia and its environs offer an attractive lifestyle. The Philadelphia Art Museum, home of the famous steps climbed by Rocky, has world-class exhibitions, and breathtaking views of the Schuylkill River and Fairmount Park. Fairmount Park is one of the largest green pastures park in the Northeastern United States with plenty of jogging routes, gardens, sports and playground facilities, an arboretum and exploration opportunities. Center City’s Restaurant Row on Walnut Street, farmers markets, and falafel restaurants offer outstanding dining options. Olde City Philadelphia includes historical attractions like the Liberty Bell, the new National Museum of American Jewish History, the National Constitution Center as well as plenty of cocktail bars, “vintage” movies and new releases at the Ritz Theatres.
Jewish Community
The Greater Philadelphia Region and the Lehigh Valley have strong and vibrant Jewish communities. More than 250,000 Jewish individuals populate the region, supporting a variety of synagogues, pre-schools, day schools and community centers and other religious, educational, recreational, social and cultural activities. There also is a wide selection of kosher restaurants and markets throughout the region. |
