Should Center City be a technology business hub?: other neighborhoods compete

Cristina Greysman from Document Depository Corporation explains some of the setbacks young entrepreneurs face in Center City.
The following is a report done in partnership with Temple University’s Philadelphia Neighborhoods Program, the capstone class for the Temple Journalism Department.
For Paul R. Levy, the president and CEO of the Center City District, the transformation that area has experienced over the last 20 years has been a huge success story amid the backdrop of serious economic troubles. But not necessarily for the reasons you might think.
It’s the outdoor cafes. All 213 of them.
“To me, that is the ultimate vote of confidence in downtown. People think it’s clean and safe,” he said.
Currently holding 214,433 jobs and paying over $12 billion in salaries annually, Center City relies primarily on the health care and education industries for the bulk of its economic drawing power, Levy said.. While not an alarming statistic on the surface, one need look no further than Detroit to determine what happens to a city that puts all of its progress behind a limited number of industries.
“We cannot rely on health care and education as the primary means of support,” Levy said.
So how about a move to the tech industry? Well, that’s a little easier said than done.










