Editing Philadelphia (section)

==Economy==
{{Main|Economy of Philadelphia}}
{| class="wikitable floatright" style="font-size:90%; text-align:center;"
|-
| colspan="3" style="background:#9BDDFF;"|'''Top publicly traded companies<br />headquartered in Philadelphia'''
|- style="background:#ccc;"
| '''Corporation'''||'''2019'''<br />'''rank'''||'''Revenue'''<br />'''(billions)'''
|-
|[[Comcast]]||32||94.5
|-
|[[Aramark]]||198||15.8
|-
|[[FMC Corporation|FMC]]||556||4.7
|-
|[[Urban Outfitters]]||634||4.0
|-
|[[Carpenter Technology Corporation|Carpenter Technology]]||940||2.2
|-
|colspan="3"|'''Source:''' ''[[Fortune (magazine)|Fortune]]''<ref>{{cite web |url=https://fortune.com/fortune500/2019/search/?hqcity=Philadelphia |title=Fortune 500 |publisher=Fortune |access-date=October 10, 2019 |archive-date=November 11, 2019 |archive-url=https://web.archive.org/web/20191111230302/https://fortune.com/fortune500/2019/search/?hqcity=Philadelphia |url-status=live }}</ref>
|}

Philadelphia's close geographical and transportation connections to other large metropolitan economies along the [[East Coast of the United States|Eastern Seaboard]] of the United States have been cited as offering a significant competitive advantage for business creation and [[entrepreneurship]].<ref name=PhiladelphiaCloseConnectionsEconomicCompetitiveAdvantage>{{cite web |url=https://fransmart.com/why-you-should-start-a-business-in-philadelphia/ |title=Why You Should Start a Business in Philadelphia |date=November 8, 2021 |publisher=Fransmart News |access-date=November 5, 2022 |archive-date=November 5, 2022 |archive-url=https://web.archive.org/web/20221105190855/https://fransmart.com/why-you-should-start-a-business-in-philadelphia/ |url-status=live }}</ref> The city is the center of economic activity in both [[Pennsylvania]] and the four-state [[Delaware Valley]] metropolitan region. Five [[Fortune 500]] companies are based in the city. {{As of|2021}}, the Philadelphia metropolitan area is estimated to produce a [[gross metropolitan product]] (GMP) of US$479&nbsp;billion,<ref name=PhillyMetroGMP2019>{{cite web |title=Gross domestic product (GDP) by metropolitan area |url=https://apps.bea.gov/itable/drilldown.cfm?reqid=70&stepnum=40&Major_Area=5&State=37980&Area=XX&TableId=501&Statistic=1&Year=2019&YearBegin=-1&Year_End=-1&Unit_Of_Measure=Levels&Rank=1&Drill=1&nRange=5 |publisher=U.S. [[Bureau of Economic Analysis]] |access-date=November 1, 2022 |archive-date=October 27, 2023 |archive-url=https://web.archive.org/web/20231027140857/https://apps.bea.gov/itable/?reqid=70&stepnum=40&Major_Area=5&State=37980&Area=XX&TableId=501&Statistic=1&Year=2019&YearBegin=-1&Year_End=-1&Unit_Of_Measure=Levels&Rank=1&Drill=1&nRange=5 |url-status=live }}</ref> an increase from the $445&nbsp;billion calculated by the [[Bureau of Economic Analysis]] for 2017,<ref name=PhillyMetroGMP2017>{{cite web |title=Gross domestic product (GDP) by metropolitan area |url=https://apps.bea.gov/itable/drilldown.cfm?reqid=70&stepnum=40&Major_Area=5&State=37980&Area=XX&TableId=501&Statistic=1&Year=2017&YearBegin=-1&Year_End=-1&Unit_Of_Measure=Levels&Rank=1&Drill=1&nRange=5 |publisher=U.S. [[Bureau of Economic Analysis]] |date=September 18, 2018 |access-date=November 30, 2018 |archive-url=https://web.archive.org/web/20181201093147/https://apps.bea.gov/itable/drilldown.cfm?reqid=70&stepnum=40&Major_Area=5&State=37980&Area=XX&TableId=501&Statistic=1&Year=2017&YearBegin=-1&Year_End=-1&Unit_Of_Measure=Levels&Rank=1&Drill=1&nRange=5 |archive-date=December 1, 2018 |url-status=live }}</ref> representing the [[List of U.S. metropolitan areas by GDP|ninth-largest U.S. metropolitan economy]].

Philadelphia's economic sectors include [[financial services]], health care, [[biotechnology]], information technology, trade and transportation, manufacturing, [[Oil refinery|oil refining]], [[food processing]], and tourism. Metropolitan Philadelphia is one of the top five American [[venture capital]] hubs, credited to its proximity to New York City's [[Financial District, Manhattan|financial]] and [[List of tech companies in the New York metropolitan area|tech and biotechnology ecosystems]].<ref name=PhillyVentureCapitalHub/> Financial activities account for the largest economic sector of the metropolitan area, which is one of the largest [[health education]] and research centers in the United States. The city's two largest employers are the federal and city governments. Philadelphia's largest private employer is the [[University of Pennsylvania]] followed by [[Children's Hospital of Philadelphia]].<ref name = "State of the City 2015"/>

===Finance and corporations===
{{main|List of companies based in the Philadelphia area}}
[[File:2022 Old Philadelphia Stock Exchange Building, 1411 Walnut Street.jpg|thumb|The [[Philadelphia Stock Exchange]] building, the nation's first [[stock exchange]], at 1411 [[Walnut Street (Philadelphia)|Walnut Street]]]]
The [[Philadelphia Stock Exchange]], acquired by [[Nasdaq]] in 2007, is a global leader in [[option (finance)|options]] trading.<ref name= PhiladelphiaSemiconductorIndex/> The city is home to the headquarters of [[Comcast]], the nation's largest [[Multinational corporation|multinational]] telecommunications corporation; insurance conglomerates [[Cigna]], [[Colonial Penn]], and [[Independence Blue Cross]]; as well as food services company [[Aramark]], chemical makers [[FMC Corporation]] and [[Rohm and Haas]], pharmaceutical companies [[GlaxoSmithKline]], [[Amicus Therapeutics]], [[Spark Therapeutics]], [[apparel]] retailers [[Five Below]] and [[Urban Outfitters]] and its subsidiary [[Anthropologie]], automotive parts retailer [[Pep Boys]], and stainless steel producer [[Carpenter Technology Corporation]].

Other corporation headquarters in the city include [[RiteAid]], [[Crown Holdings]], and [[Brandywine Realty Trust]]. The headquarters of [[Boeing Rotorcraft Systems]] and its main [[rotorcraft]] factory are in the Philadelphia suburb of [[Ridley Park, Pennsylvania|Ridley Park]]; [[The Vanguard Group]], and the U.S. headquarters of [[Siemens Healthineers]] are headquartered in [[Malvern, Pennsylvania]], a Philadelphia suburb. Healthcare [[Conglomerate (company)|conglomerate]] [[AmerisourceBergen]] is located in suburban [[Conshohocken, Pennsylvania]]. Across the [[Delaware River]] in adjacent [[Camden County, New Jersey]], [[Campbell Soup Company]] and [[Subaru|Subaru USA]] are both headquartered in [[Camden, New Jersey]], and [[TD Bank (USA)]] is headquartered in [[inner suburb|nearby]] suburban [[Cherry Hill, New Jersey]].

===Tech and biotech===
[[File:Comcast Technology Center 2018.jpg|thumb|[[Comcast Technology Center]] in [[Center City, Philadelphia|Center City]]]]
Philadelphia is a hub for information technology and [[biotechnology]].<ref name=":0">{{Cite web |last=Eramian |first=Daniel |date=November 2, 2020 |title=Is Philadelphia's biotech cluster faltering? Experts say no |url=https://www.statnews.com/2020/11/02/philadelphia-biotech-funding/ |access-date=October 24, 2021 |website=STAT |language=en-US |archive-date=October 24, 2021 |archive-url=https://web.archive.org/web/20211024161332/https://www.statnews.com/2020/11/02/philadelphia-biotech-funding/ |url-status=live }}</ref> Philadelphia and Pennsylvania are attracting new [[life sciences]] ventures.<ref name="PhiladelphiaTechBiotechVentureCapital">[https://nvca.org/research/venture-monitor/] {{Webarchive|url=https://web.archive.org/web/20190610221717/https://nvca.org/research/venture-monitor/|date=June 10, 2019}} Accessed April 18, 2019.</ref> As of 2024, the [[Delaware Valley]] ranks as one of the Big Five U.S. [[venture capital]] hubs, enabled by its proximity to both the [[Tech companies in the New York metropolitan area|entrepreneurial]] and [[Wall Street|financial ecosystems]] of New York City and to the [[U.S. government|federal regulatory environment]] of Washington, D.C.<ref name=PhillyVentureCapitalHub/><ref name=PhiladelphiaTechBiotechVentureCapital/>

===Tourism===
{{See also|List of tourist attractions in Philadelphia}}
Philadelphia's history attracts many tourists, with the [[Independence National Historical Park]], which includes the [[Liberty Bell]], [[Independence Hall]], and other historic sites, received over 5&nbsp;million visitors in 2016.<ref>{{cite web |url=http://www.nps.gov/inde/parkmgmt/statistics.htm |title=Park Statistics |access-date=February 10, 2015 |archive-date=February 11, 2015 |archive-url=https://web.archive.org/web/20150211111955/http://www.nps.gov/inde/parkmgmt/statistics.htm |url-status=live }}</ref> The city welcomed 42&nbsp;million domestic tourists in 2016 who spent $6.8&nbsp;billion, generating an estimated $11&nbsp;billion in total economic impact in the city and surrounding four counties of Pennsylvania.<ref name="Visit Philadelphia"/> The annual [[World Naked Bike Ride|Naked Bike Ride]] attracts participants from around the United States and internationally to Philadelphia.

===Trade and transportation===
{{main|Transportation in Philadelphia}}
[[Philadelphia International Airport]], a major [[Transatlantic flight|Transatlantic]] gateway and transcontinental hub, has undergone a $900&nbsp;million [[infrastructure|infrastructural]] expansion to increase passenger capacity and augment passenger experience, and the airport continues an ongoing capital expenditure program to upgrade facilities and add further amenities.<ref name=PhiladelphiaAirportExpansion1>{{cite news |url=http://www.philly.com/philly/business/philly-airport-gets-16-5-million-federal-grant-for-runway-improvements-20170822.html |title=Philly airport gets $16.5 million federal grant for runway improvements |author=Linda Loyd |newspaper=[[The Philadelphia Inquirer]] |date=August 22, 2017 |access-date=June 3, 2018 |archive-date=June 12, 2018 |archive-url=https://web.archive.org/web/20180612141404/http://www.philly.com/philly/business/philly-airport-gets-16-5-million-federal-grant-for-runway-improvements-20170822.html |url-status=live }}</ref><ref name=PhiladelphiaAirportExpansion2>{{cite news |url=http://www.philly.com/philly/business/airlines-at-phl-agree-to-900-million-in-infrastructure-20170522.html |title=Airlines at PHL agree to $900 million in improvements |author=Linda Loyd |newspaper=The Philadelphia Inquirer |date=May 22, 2017 |access-date=June 3, 2018 |archive-date=June 9, 2018 |archive-url=https://web.archive.org/web/20180609190959/http://www.philly.com/philly/business/airlines-at-phl-agree-to-900-million-in-infrastructure-20170522.html |url-status=live }}</ref> The [[Port of Philadelphia]], having experienced the highest percentage growth by [[Twenty-foot equivalent unit|tonnage]] loaded in 2017 among major U.S. seaports, has doubled its shipping [[tonnage|capacity]] to accommodate super-sized [[post-Panamax]] shipping vessels since 2018.<ref name=PhiladelphiaSeaportExpansion1>{{cite web |url=https://www.joc.com/port-news/us-ports/port-philadelphia/after-strongest-us-growth-philadelphia-port-double-capacity_20180405.html |title=After strongest US growth, Philadelphia port to double capacity |author=Hugh R. Morley |publisher=JOC |date=April 5, 2018 |access-date=June 3, 2018 |archive-date=June 12, 2018 |archive-url=https://web.archive.org/web/20180612142253/https://www.joc.com/port-news/us-ports/port-philadelphia/after-strongest-us-growth-philadelphia-port-double-capacity_20180405.html |url-status=live }}</ref> Philadelphia's [[30th Street Station]] is the third-busiest [[Amtrak]] rail hub, following [[Pennsylvania Station (New York)|Penn Station]] in [[Manhattan]] and [[Washington Union Station|Union Station]] in Washington, D.C., transporting over 4&nbsp;million [[inter-city rail]] passengers annually.<ref name=PhiladelphiaAmtrak>{{cite web |url=https://www.amtrak.com/content/dam/projects/dotcom/english/public/documents/corporate/nationalfactsheets/Amtrak-Corporate-Profile-FY2018-0319.pdf |title=FY 2018 Company Profile |website=www.amtrak.com |access-date=April 18, 2019 |archive-url=https://web.archive.org/web/20190403083153/https://www.amtrak.com/content/dam/projects/dotcom/english/public/documents/corporate/nationalfactsheets/Amtrak-Corporate-Profile-FY2018-0319.pdf |archive-date=April 3, 2019 |url-status=live }}</ref>