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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.
A new CCD/CPDC report, Center City Pedestrian Counts, November 2022, documents that pedestrian volumes in October 2022 in the commercial core reached 77% of the October 2019 level, showing steady growth throughout 2022. The rate of increase has been greatest in the commercial office district and the successful return of major conventions is clearly visible in the volume recorded by CCD sensors at 12th and Market Street.
The CCD’s plan and budget for 2023-2027 shows the continued primary focus on the basics, devoting more than threequarters of assessment revenues to programs for a clean, safe, attractive and well-managed public environment.
How do we fashion the city we say we want: a growing, prosperous, diverse and inclusive place? Read the fall Digest newsletter to learn what CCD is doing to accelerate recovery and what more can be done by Philadelphia’s civic, business and political leaders.
Upon the publication of this year's State of Center City report, the Inquirer published a column by CCD President & CEO Paul Levy
The total number of workers, residents and visitors in Center City continued to rise in October 2023 to 82% of October 2019 levels, with the largest increases among workers and residents. Overall, the upward trend in pedestrian volumes for the last three and a half years is showing no signs of having reached any plateau.