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Recovery is progressing by nearly all measures: employment, hotel occupancy, retail and restaurant sales, transit ridership, pedestrian volumes and city tax collections are all up. Job recovery is slow but steady and most significantly, Philadelphia’s unemployment rate fell in October, to the lowest point since 1990.
This report highlights the direct relationship between Philadelphia’s antiquated tax policy, slow job growth and high poverty rate and suggests a path to more robust, citywide growth.
Philadelphia’s dense, compact downtown and relatively flat topography are excellent for bicycle commuting. A survey and report by CCD shows the number of bike commuters is up.
On September 29, 2020, CPDC hosted a virtual membership meeting to discuss the findings and challenges outlined in the recent CCD/CPDC report, Getting More Philadelphians Back to Work: Business Density and the Role of Black and Minority Owned Businesses.
Citywide employment has fully rebounded from the spring 2020 shutdown with 2.4% more jobs in October 2023 than in February 2020. But there is a difference between the return of workers to payrolls and the return of full vitality to Center City. The report suggests ways to accelerate the job growth and business formation rates in Philadelphia.