The Honorable Michael A. Nutter outlined his Administration’s strategy for job creation and attracting and retaining business investment at the Greater Philadelphia Chamber of Commerce’s Annual Mayoral Luncheon yesterday in the Grand Ballroom of the Philadelphia Marriott Downtown.
“When I took office one of my top priorities was to transform the way that city government interacts with business – to encourage investment and development, rather than chase it away,” said Mayor Nutter. “Now, with many Philadelphians out of work and small businesses struggling to survive, creating jobs and encouraging investment is no longer ONE of my top priorities, it IS my top priority.”
The mayor identified four key economic development priorities for putting Philadelphia back to work: attracting and retaining businesses; investing in growth sectors; supporting small businesses; and educating and training Philadelphians for the demands and opportunities of the 21st Century.
He announced two pilot programs to explore the viability of adopting single sales factor apportionment and market based sourcing to remove barriers to Philadelphia as a business location, as recommended by the Mayor’s Task Force on Tax Policy and Economic Competitiveness which was established at the 2009 Annual Mayoral Luncheon.
Mayor Nutter also launched the City of Philadelphia’s new business attraction campaign: Philadelphia: Smart City. Smart Choice. This new, focused effort will highlight Philadelphia’s strengths as a location for new and growing businesses to local, regional, and national audiences, promoting Philadelphia as a smart choice for investment. For more information on the city’s business services, visit phila.gov/business.