Page 19 - Guide to Greater Philadelphia

This wellspring of technological talent dovetails with Philadelphia’s growing reputation as a hub for entrepreneurs. Many graduates of local universities remain in the area to start businesses — or become entrepreneurs even before graduating. This trend has prompted an expansion in opportunities for startup funding, with the region rising to sixth in the nation for the number of deals made in 2015. Across the region, more than 466 IT companies have been funded since 2010, and approximately 660 deals have been made, valued at a combined $11.3 billion.
FUN FACT: Nearly half of the information technology workers in Pennsylvania call Greater Philadelphia home.
SECTOR LEADERS
• Comcast has grown from a regional cable
TV provider to one of the largest and most influential communications companies in the world. Comcast’s new $1.2 billion Technology & Innovation Center — its second flagship facility in the city — is set for completion in Center City Philadelphia in 2018 and is expected to create 1,500 new tech jobs, while serving as a magnet for scores of tech companies and the creation of limitless direct and indirect jobs.
• Lockheed Martin is one of the largest companies in the defense, security and technologies industry. The company is also one of the top employers in both Montgomery and Bucks counties, and its regional locations include Cherry Hill, NJ, Mount Laurel, NJ, and King of Prussia, PA.
• SAP is a German multinational software corporation whose products include cloud and data platforms and software to support human resources, finance and customer-engagement functions. Many of the company’s approximately 85,000 employees are based at its U.S. headquar- ters in Newtown Square, PA, serving customers in 180 countries.
• Also notable: Curalate, Cloudamize, goPuff, LiquidHub, Microsoft Reactor Philadelphia, Pennsylvania Biotechnology Center of Bucks County, Safeguard Scientifics, Temple University’s Innovation and Entrepreneurship Institute, University City Science Center, University of Delaware STAR Campus, Villanova University’s Innovation, Creativity, and Entrepreneurship Center, Rowan University’s Technology Park
FUN FACT: Salary growth for information technology professionals in Philadelphia is faster than the salary trends for all other careers in the city.
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Visit BrandywineValley.com anytime for all there is to see and do in Chester County's Brandywine Valley.
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