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Regional Direction
July 27th 2022

Detroit: Past and Future of a Shrinking City

We continue our Leading Indicator series focused on Detroit as we prepare to convene 150 Philadelphia civic and business leaders for the Greater Philadelphia Leadership Exchange (GPLEX) in Detroit this October. In this edition, we examine the Motor City’s decline in industrial activity and... Read More
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Regional Direction
July 13th 2022

A Philadelphia-Detroit Comparison: The Economies

We continue our series comparing Philadelphia and Detroit as we prepare to convene 150 Philadelphia leaders in Detroit for the Greater Philadelphia Leadership Exchange (GPLEX) in October 2022. In this Leading Indicator, we examine both the past and present economic conditions of Detroit to better... Read More
July 11th 2022

The Economy League and ImpactPHL Launch PAGE Hurdle Fund with $125,000, Aiming to Eliminate Barriers for Black & Brown Businesses Pursuing Institutional Contracts to Grow Businesses & Build Wealth

According to data from the Economy League of Greater Philadelphia (ELGP), Philadelphia's major educational and healthcare anchor institutions spend approximately $2B+ per year across 19 sectors, yet less than 12% of spending goes to local Black and Brown-owned businesses, creating a significant... Read More
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Regional Direction
June 29th 2022

A Philadelphia-Detroit Comparison: The Populations

As part of our Greater Philadelphia Leadership Exchange (GPLEX) program, the Economy League is convening a diverse cohort of 150 Philadelphia civic and business leaders for a trip to the Motor City this October. To gear up for GPLEX 2022, the next few issues of Leading Indicators will compare... Read More
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Regional Direction
June 15th 2022

Philadelphia’s Employment Gains and Losses Since COVID-19

The Bureau of Labor Statistics’ most recent jobs report continues to note major gains in national employment levels. These gains, however, are unevenly distributed across industries since many food, accommodation, and retail businesses continue to struggle to fill open positions [1]. For this... Read More
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Regional Direction
June 1st 2022

Inflation in Greater Philadelphia: The Spring 2022 Update

Prices are continuing to rise both across the nation and in Greater Philadelphia. With the Bureau of Labor Statistics’ recent release of inflation estimates, we continue to track rising prices in Greater Philadelphia as part of our ongoing efforts to demystify the local impact of inflation.... Read More
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Regional Direction
May 16th 2022

Rising Rents in Greater Philadelphia in 2022: An Update

Even with the Federal Reserve’s recent implementation of measures to curb inflation, including increasing interest rates for mortgages and auto loans [1], rents continue to rise across the country. In this Leading Indicator, we review updated rental data from Zillow to monitor rising rents in both... Read More
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Regional Direction
May 4th 2022

Greater Philadelphia’s Tech Workforce: Two Years into the Pandemic

In previous reports and briefs, the Economy League has noted that the region’s technology sector can offer new sustainable career building opportunities as well as anchor future inclusive growth and economic development. Recognizing the growth potential of this influential sector, we continue to... Read More
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Regional Direction
April 20th 2022

Income Inequality in Philadelphia – Differences by Race, Ethnicity, and Gender

In this Leading Indicator, we further contextualize Philadelphia’s income inequality with an updated comparison of income and earnings among the city’s residential groups disaggregated by race, ethnicity, and gender.   What You Need to Know In 2020, Philadelphia’s median household income... Read More
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Regional Direction
April 5th 2022

Income Inequality in Philadelphia – The 2020 Gini Coefficient

With recent discussions of wealth inequality in Philadelphia, as well as a possible wealth tax, it seems timely to measure the city’s levels of income inequality. For this Leading Indicator, we highlight the time-tested Gini coefficient to explore how Philadelphia’s income inequality compares with... Read More
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