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The just-updated Monitoring Philadelphia’s Economic Recovery monthly report from Center City District/Central Philadelphia Development Corporation provides a snapshot of current conditions and an overview of 2021 based on key economic indicators, commercial office and housing market trends, local tax revenues, transit ridership, parking volumes and pedestrian activity in Center City.
CCD is resuming work on enhancements to the Discovery Garden, which will expand the park’s opportunities for play with new components that engage children from a broader range of ages.
To support local restaurants, CCD is providing a new, evening outdoor dining experience adjacent to Dilworth Park’s fountains, with live music and cocktails to-go for those who purchase take-out from nearby restaurants.
Foot traffic in the core of Center City rises through late 2022 and into 2023
Nearly two years after Philadelphia offices were ordered to close as the first COVID-19 cases were detected, and more than a year after vaccinations got underway, Center City and University City companies are continuing to adapt and remain flexible, while strongly valuing the importance of in-office work and a downtown presence, according to a CCD survey. CCD distributed a survey to employers to gauge their current stance on in-office and remote work, their plans for the first quarter of 2022, and factors they were weighing in making workplace decisions.
CCD is starting work on enhancements to Sister Cities Park. We will be expanding the park’s opportunities for play by offering new components that engage children from a broader range of ages.
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.
Center City District (CCD) has partnered with several of Philadelphia’s nationally recognized performing arts organizations to offer exclusive discounts on tickets during CCD’s Dinner and a Show promotion. From March 1 through May 31, attendees can purchase reduced price admission to performances hosted at select venues across Center City, with more than 35 shows to choose from.
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.