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The Center City District (CCD) is pleased to announce that it has been awarded a Redevelopment Assistance Capital Program (RACP) grant of $3.5 million from the Commonwealth of Pennsylvania, which should enable the CCD to begin construction this fall on the Viaduct Rail Park.
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.
Philadelphia has emerged as a standout performer in employment growth among major U.S. cities, according to the Philadelphia Employment Report 2025, which examined 15 years of job market data. The report reveals that despite ongoing challenges in the office sector, Philadelphia has demonstrated remarkable resilience and growth in its overall employment base.
Learn more about third spaces in the latest edition of Center City Insights.