The City of Brotherly Love is a booming town, financially speaking, and is an important part of the nation’s overall economy. Philadelphia has its own stock exchange, is home to some of America’s largest businesses, and is considered one of the top states in the field of Law. Philadelphia is part of the financial fabric of the United States economy like none other and it brings its own blend of business, trade, and education to the economic mix.

Philadelphia Stock Exchange

The Philadelphia Stock Exchange can be found at 1900 Market Street in Philadelphia, Pennsylvania. The Philadelphia Stock Exchange was the United States’ first organized securities exchange. There are approximately 2,000 stocks, 1,500 equity options, and 24 sectors index options that trade on the Philadelphia Stock Exchange. It was founded in 1790 and merged with the Baltimore Stock Exchange in 1949 and the Washington Stock Exchange in 1953. The financial hustle and bustle of the Philadelphia Stock Exchange helps to make it one of the nation’s financial centers and an important player in America’s economy.

Companies

Philadelphia is home to some of the largest companies in the United States. Companies such as Aramark, GlaxoSmithKline, Sunoco, Comcast, and Pep Boys all call Philadelphia home and their stature in the business world add to the state’s economical clout.

Education

Philadelphia is not only known for big business but for lawyers, as well. Philadelphia boasts two of the nation’s top law schools: University of Pennsylvania Law School and Temple University Beasley School of Law.

Federal Government

The Federal government plays a key role in the makeup of the Pennsylvania economy as the East Coast portion of the United States Mint and a Federal Reserve Bank are located in Philadelphia.

Population

There are approximately 1,517,550 people inhabiting Philadelphia. These individuals play an integral role in supplying a labor force from which big business in Philadelphia can draw and flourish. The majority of the Philadelphia population is made up of white, Black, or Asian: 45 percent of the population is white, 43 percent is Black, and 4.5 percent is Asian. The median income for a family in Philadelphia is an estimated $37,000 per year.