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Jobs are back, salaries are rising, Center City’s population continues growing, conventions, tourism and retail are all rebounding, and pedestrian vitality is almost fully restored in many portions of the downtown. Office vacancy, however, is rising, challenged by a partial return to office and reinforced by a wage tax that encourages suburban residents to remain remote.
A new, temporary art display, Color Under the Canopy, debuts at Sister Cities Park following a two-day installation. The project was designed and executed by local artist Janell Wysock. Using a loom to knit fabric, she created colorful, eye-catching wraps to decorate some of the park’s most precious assets: its trees.
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.
Following a successful launch in 2024, CCD is pleased to announce that Open Streets: West Walnut will return for each Sunday in April.
A new report from CCD/CPDC, Firing on All Cylinders: Growing Jobs and Small Business by Expanding the Traded Sector, compares Philadelphia to five other U.S. cities. It documents how Philadelphia lags in many other traded employment sectors, but suggests that if we replicate the success achieved by others and commit to steadily more competitive tax rates, we will grow more family-sustaining jobs and a prosperous network of small, local businesses.
Our new “Philadelphia Retail” report details demographic and economic trends fueling more than $9 billion in development currently being invested in downtown
Parkway Pals Play Day at Sister Cities Park will return for the first time since 2019 on Saturday, May 7 from 11 a.m.-3 p.m. with free activities and entertainment for children and their families. The all-day celebration of laughter and learning is the official kick-off event for Parkway Pals, a summertime educational series that brings nearby cultural institutions outside for kid-friendly programming.