DATA

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For decades Philadelphia has had difficulty growing local businesses and attracting new employers.

 

  • This is in large part due to the fact that Philadelphia has the Nation's highest Wage Tax.

 

  • Philadelphia is also the only major city that double taxes it's businesses through a Business Income Tax and a Business Receipts Tax, together called BIRT Tax

  • 80% of respondents to a joint survey performed by Philadelphia's minority chambers of commerce indicated reducing taxes on business is the primary action the City could enact to help them grow and hire.

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These taxes are a major reason many employers and employees choose to locate outside Philadelphia.

 

  • The fact is companies seek to locate in areas without high costs of doing business.

 

  • Within our region, businesses and their jobs can (and do) move to places with favorable tax rates while still enjoying many of the region’s benefits.

  • Data shows that regional and national competitors are outpacing Philadelphia when it comes to growing jobs and attracting new employers.

Conshohocken, PA.