Philly offers incentives up to $30,000 to draw suburban firms into city
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Philadelphia Mayor Jim Kenney talks about an incentive program for drawing suburban companies to the city. (Tom MacDonald/WHYY)
The city of Philadelphia will offer an incentive to suburban companies that set up satellite offices in the city .
The goal of “Gateway Philly” is to coax suburban businesses to try Philadelphia, said Dwayne Bumb, deputy commerce director.
The department “will reimburse participating companies $1,000 a seat up to $30,000, and reimbursements will be issued after the first-year term is complete,” he said Tuesday.
The incentive could lure some reverse-commuters to stay put, said Mayor Jim Kenney.
“People who live in the city and work in the suburbs don’t … want to reverse-commute anymore,” he said. “I’ve talked to a lot of folks in Old City, they would rather walk to work or bike to work or take the subway.”
The incentives are limited and offered on a first-come/first-served basis.
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