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by Riley
6458 days ago
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Philly has some issues, but it's much better than it used to be. It's a huge city. There's a lot of growth in some great areas. You get a lot for your money here. Many compare the current state of the city to NYC in the 80's. There's lots of potential. |
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Rents are cheap. Taxes, insurance, and any sort of labor the unions control are absurdly expensive. You have to be crazy to start a business downtown rather than just outside the city. If you're a major corporation you can negotiate special terms so it makes sense to locate downtown, but that's more of a bad sign than anything.