April 14, 2024

Business Bib

Business & Finance Blog

How Philadelphia Is Growing into a Tech Hub

3 min read

The United States is a massive country with over 300 million people living in it. Spanning thousands of miles, the nation boasts numerous incredible entities to see. There are beautiful natural wonders like Yellowstone National Park and Niagara Falls, but one of the major draws of coming to the USA is for its major metropolises. There are some cities like New York and Los Angeles that the United States is known for; however, there are some other cities which are growing into technological hubs in the 21st century. One of these cities is Philadelphia, Pennsylvania. Philadelphia is one of the oldest cities in the USA, and although it has a major revolutionary past, its future seems even more bright! Philadelphia has grown into a major tech city in the past few decades, and as the century progresses it will be evident how much of a great city the City of Brotherly Love has become. There are two major ways that Philadelphia has grown into a major tech hub, both its tech startup scene and its advancements in technological infrastructure. Understanding these two modes will allow you to realize how this great city is burgeoning into a national technological metropolis.

Tech Startup Scene

There is one major place that people think of when they hear tech startups – Silicon Valley. This northern California region is certainly the most well-known area for tech startups; however, Philadelphia is letting the world know that it too is a serious contender for startups. Philadelphia is a growing haven for tech startups and this has been evidenced in the myriad of companies that have flocked to the city in recent years. Philadelphia is home to 100 degree-granting institutions such as the University of Pennsylvania and Temple University, and the recent graduates from these top schools are often interested in the tech industry. There are numerous startups that the city boasts and it is essential to understand that the future of these companies will lead to Philadelphia cementing itself as a major tech city.

Advanced Infrastructure

Philadelphia is an incredibly old city. The city was settled in 1682, so it is obvious that much of the urban infrastructure has been in need of repair and replacement. This is much of what has led to the city’s major growth in recent years. The city has built numerous coworking spaces, as well as business incubators and accelerators that provide the necessary infrastructure to create and facilitate its new tech startups. The city has also invested in a ‘smart’ city roadmap, which will enable it to grow even further. The city’s airport has also seen advances. The Philadelphia International Airport has implemented a parking service that allows for flyers to make their flights on time.

Final Thoughts

There are numerous cities throughout the United States that have grown immensely in the 21st century. Philadelphia is one of these cities, and it has burgeoned quite a bit recently. Its major tech startup scene coupled with its advanced infrastructure has allowed Philadelphia to grow into the tech hub that it is today.