Philly’s Program To Get Suburban Companies To Move To The City Hasn’t Worked Yet

Thumbing through our archives we noticed the mid-year mark was coming up on Gateway Philly.

A quick refresher: The City of Philadelphia offers suburban companies looking to move teams of at least 20 people into Philadelphia a yearly cash incentive of $1,000 per seat (capped at $30,000 total) to be paid after a one-year lease has concluded. Here’s the input thus far from Lauren Cox, comms manager at the Department of Commerce:

“Since the launch of Gateway Philly, we’ve had close to 20 companies express an interest in participating in the pilot program,” Cox told Technical.ly in an email. “At this time, no new leases have been confirmed as part of the program, but we are currently working with one company that we believe is close to signing on.”

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