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Entrepreneurial hustle makes Philadelphia 'emerging tech city'

Thursday, October 20, 2011

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The PhenomList misidentifies one company as being from Philadelphia but cites the city's biotechnology prowess and networking opportunities for entrepreneurs in its list of Emerging Tech Cities.

Those who remain are determined to put Philly on the map alongside other innovation centers, and they have a growing list of assets to work with.

Philadelphia boasts the seventh highest GDP among American metros and a stock exchange to call its own, so it’s no economic slouch. The city also has a vibrant arts scene, a thriving downtown area, a robust public transit system, and relatively cheap rent compared to its East Coast neighbors.

"What we don't have are the Googles and Facebooks," said Chris Cera, a veteran start-up creator and Philadelphia native. "We're in our first class of companies that are growing up."

Original source: The PhenomList
Read the full story here.