Creative Economy
Philadelphia's Creative Economy generates billions in annual revenue, with the potential for considerable economic growth.
A Vital Economic Generator
In the Philadelphia Region, the for-profit creative industry generates a total economic impact of nearly $60 billion in total spending which includes $32.5 billion in total earnings and supports a total of 766,000 jobs, ranking the for-profit creative industry among one of the top industries in the region. The Philadelphia Region's creative assets surpass those of all but very few other cities.
For-Profit, creative industry sectors include architecture, communications, design and merchandising, digital media, engineering, fashion design, film and video production, graphic arts, information technology, interior and industrial design, marketing, multimedia design, music production, photography, planning, product design and software development.
Philadelphia's for-profit, creative economy, if proactively organized and invested in, could become a dominant economic driver in Philadelphia's economy and could position Philadelphia at the forefront of an economic development movement that is receiving worldwide attention.
Economic Impact Snapshot
Since 1992 the economic impact of Philadelphia's film industry has been more than $1 billion. - The region's music industry generates an annual impact of $4.9 billion and is responsible for over 58,000 jobs.
- Non-profit arts and culture organizations in the region generate annual revenues totaling $1.3 billion, and provide over 40,000 jobs.
- With more than 80 colleges and universities, the Philadelphia Region has an abundance of exceptional creative talent, graduating more than 8,000 art and design students annually, 23% more arts graduates than the national average.
- Philadelphia architecture firms generate approximately $300 million annually.