Economy Of Philadelphia
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Economy Of Philadelphia
Philadelphia is the center of economic activity in both Pennsylvania and the four-state Delaware Valley metropolitan region of the United States. Philadelphia’s close geographical and transportation connections to other large metropolitan economies along the Eastern Seaboard of the United States have been cited as offering a significant competitive advantage for business creation and entrepreneurship. Five Fortune 500 companies are headquartered in the city. , the Philadelphia metropolitan area was estimated to produce a gross metropolitan product (GMP) of US$479 billion, an increase from the $445 billion calculated by the Bureau of Economic Analysis for 2017, representing the ninth largest U.S. metropolitan economy. Philadelphia was rated by the GaWC as a 'Beta' city in its 2016 ranking of world cities. Philadelphia has shifted to an information technology and service-based economy. Financial activities account for the largest sector of the metro economy, and it is o ...
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Comcast Technology Center
The Comcast Technology Center is a supertall skyscraper in Center City, Philadelphia. The 60-floor building, with a height of , is the tallest building in Philadelphia and the Commonwealth of Pennsylvania, the fourteenth-tallest building in the United States and the tallest outside Manhattan and Chicago. The tower is located on the southwest corner of 18th and Arch Streets, one block west of the Comcast Center, the headquarters of Comcast Corporation. A hotel—the highest in the country—and restaurant are located on the top floors, while central floors contain offices for Comcast software developers and engineers, and the lowest floors have television studios and retail stores. Construction began in mid-2014 and topped out on November 27, 2017. The first personnel began moving into the building in late July 2018 and the tower was open to the public in October of that year. Design and construction The lead architect was Foster and Partners, with Kendall/Heaton Associates the ...
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Federal Reserve
The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System. Congress established three key objectives for monetary policy in the Federal Reserve Act: maximizing employment, stabilizing prices, and moderating long-term interest rates. The first two objectives are sometimes referred to as the Federal Reserve's dual mandate. Its duties have expanded over the years, and currently also include supervising and regulating banks, maintaining the stabili ...
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FMC Corporation
FMC Corporation is an American chemical manufacturing company headquartered in Philadelphia, Pennsylvania, which originated as an insecticide producer in 1883 and later diversified into other industries. In 1941 at the beginning of US involvement in WWII, the company received a contract to design and build amphibious tracked landing vehicles for the United States Department of War, and afterwards the company continued to diversify its products. FMC employs 7,000 people worldwide, and had gross revenues of US$4.7 billion in 2018. History The Bean Spray Pump Company Founded in 1883 as the Bean Spray Pump Company in Los Gatos, California, by chemist John Bean. The company's first product was a piston pump. Bean invented the pump to spray insecticide on the many fruit orchards in the area. A Bean sprayer was on display at the Forbes Mill museum in Los Gatos until its closure in 2014. Forbes Mill museum (see photo of Bean sprayer)http://www.mercurynews.com/los-gatos/ci_26780835/los-g ...
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Aramark
Aramark Corporation, known commonly as Aramark, is an American food service, facilities, and uniform services provider to clients in areas including education, healthcare, business, prisons, and leisure. It operates in North America (United States and Canada) and an additional 20 countries, including United Kingdom, Germany, Philippines, South Korea, Chile, Ireland, and Spain. The company is headquartered in Center City, Philadelphia, Pennsylvania. Aramark's revenues totaled US$14.604 billion in 2018, and the company was listed as the 27th largest employer on the Fortune 500. Purchasing Aramark negotiates pricing and makes purchases directly from national manufacturers and through distributors such as Sysco Corporation. The products range from healthcare, dairy, meats, seafood, frozen, canned and dry, paper & disposables, chemicals & janitorial, supplies & equipment, produce, and beverage. Aramark has had distribution agreements with Sysco for more than 20 years. In 2016, ...
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Independence Blue Cross
Independence Blue Cross (Independence) is a health insurer based in Philadelphia, Pennsylvania, in the United States. Independence is the largest health insurer in the Philadelphia area, serving people in the region and seven million nationwide. Employing more than 10,000 people,About Independence Blue Cross the company offers a wide variety of health plans, including managed care, and traditional indemnity insurance. Its network of health care providers includes nearly 160 area hospitals and more than 42,000 physicians and other health care professionals. Independence is an independent licensee of the Blue Cross and Blue Shield Association. Company history Independence Blue Cross began in 1938 as the Associated Hospital Service of Philadelphia and offered the first prepaid hospitalization plan in the region. Philadelphia Mayor S. Davis Wilson enrolled as the first member, and Independence Hall Independence Hall is a historic civic building in Philadelphia, where both t ...
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Colonial Penn
The Colonial Penn Life Insurance Company (often known as simply Colonial Penn) is an American life insurance company based in Philadelphia, Pennsylvania, founded by philanthropist and AARP co-founder Leonard Davis, owned by CNO Financial Group. Colonial Penn, originally focused on people over 65 who became the origins of insurance provided through American Association of Retired Persons, now known as AARP, now has a marketing campaign that is aimed at people between the age of 50 and 85, specializing in “guaranteed acceptance whole life insurance“ and to help their families cover funeral costs after the individual dies. The company's name comes from the state it was founded (Pennsylvania), which was part of colonial America, hence the name “Colonial Penn”. History Utility holding company FPL Group acquired Colonial Penn in 1985. FPL sold Colonial Penn to Leucadia National in 1991. Conseco bought Colonial Penn from Leucadia in 1997, and in 1998 renamed it Conseco Direct ...
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Cigna
Cigna is an American multinational managed healthcare and insurance company based in Bloomfield, Connecticut. Its insurance subsidiaries are major providers of medical, dental, disability, life and accident insurance and related products and services, the majority of which are offered through employers and other groups (e.g. governmental and non-governmental organizations, unions and associations). Cigna is incorporated in Connecticut. Cigna offers Medicare and Medicaid products and health, life and accident insurance coverages primarily to individuals in the U.S. and selected international markets. In addition to its ongoing operations described above, Cigna also has certain run-off operations, including a Run-off Reinsurance segment. In the Phoenix metropolitan area, Cigna runs a full-service staff-model health maintenance organization with satellite clinics throughout the region, known as the Cigna Medical Group. Cigna Global Health Benefits also operates under the Cigna cor ...
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Comcast
Comcast Corporation (formerly known as American Cable Systems and Comcast Holdings),Before the AT&T merger in 2001, the parent company was Comcast Holdings Corporation. Comcast Holdings Corporation now refers to a subsidiary of Comcast Corporation, not the parent company (seeBloomberg profile on Comcast Holdings Corporation. Technically, the current parent company was founded December 7, 2001 as CAB Holdings Corporation, which changed its name to AT&T Comcast Corporation before finally taking on the Comcast Corporation name (seeNov 2002 8K/A Form anNov 2002 S-4) headquartered in Philadelphia, is the largest American multinational telecommunications conglomerate. It is the second-largest broadcasting and cable television company in the world by revenue (behind AT&T), the largest pay-TV company, the largest cable TV company and largest home Internet service provider in the United States, and the nation's third-largest home telephone service provider. It provides services to U.S. ...
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Internet Service Provider
An Internet service provider (ISP) is an organization that provides services for accessing, using, or participating in the Internet. ISPs can be organized in various forms, such as commercial, community-owned, non-profit, or otherwise privately owned. Internet services typically provided by ISPs can include Internet access, Internet transit, domain name registration, web hosting, Usenet service, and colocation. An ISP typically serves as the access point or the gateway that provides a user access to everything available on the Internet. Such a network can also be called as an eyeball network. History The Internet (originally ARPAnet) was developed as a network between government research laboratories and participating departments of universities. Other companies and organizations joined by direct connection to the backbone, or by arrangements through other connected companies, sometimes using dialup tools such as UUCP. By the late 1980s, a process was set in place towa ...
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Dotdash Meredith
Dotdash Meredith (formerly About.com) is an American digital media company based in New York City. The company publishes online articles and videos about various subjects across categories including health, home, food, finance, tech, beauty, lifestyle, travel, and education. It operates brands including Verywell, Investopedia, The Balance, Byrdie, MyDomaine, ''Brides'', The Spruce, Simply Recipes, Serious Eats, Liquor.com, Lifewire, TripSavvy, ''TreeHugger'', and ThoughtCo. In August 2012, About.com became a property of IAC, owner of Ask.com and numerous other online brands, and its revenue is generated by advertising. In addition to its Manhattan headquarters, Dotdash Meredith also maintains offices elsewhere in the New York metropolitan area, as well as in Des Moines, Iowa and Birmingham, Alabama. History 1997–2005: launch, renaming, Primedia acquisition Founded in 1996 as The Mining Company, the site was launched on April 21, 1997 by Scott Kurnit, owner of General Interne ...
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Semiconductor
A semiconductor is a material which has an electrical resistivity and conductivity, electrical conductivity value falling between that of a electrical conductor, conductor, such as copper, and an insulator (electricity), insulator, such as glass. Its electrical resistivity and conductivity, resistivity falls as its temperature rises; metals behave in the opposite way. Its conducting properties may be altered in useful ways by introducing impurities ("doping (semiconductor), doping") into the crystal structure. When two differently doped regions exist in the same crystal, a semiconductor junction is created. The behavior of charge carriers, which include electrons, ions, and electron holes, at these junctions is the basis of diodes, transistors, and most modern electronics. Some examples of semiconductors are silicon, germanium, gallium arsenide, and elements near the so-called "metalloid staircase" on the periodic table. After silicon, gallium arsenide is the second-most common s ...
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WTP D05 AMP 2
WTP may refer to: Arts and entertainment * "WTP", a song from the album ''K.T.S.E.'' by American artist Teyana Taylor * "W.T.P." ("White Trash Party"), a song by rapper Eminem; See the album ''Recovery'' * Winnie-the-Pooh, a creation of A. A. Milne Philosophy * Will to power, a prominent concept in the philosophy of Friedrich Nietzsche. Science and technology * Water treatment plant, a facility that performs water purification * Web Tools Platform, a platform for the Eclipse software * Western Treatment Plant, a sewage treatment plant in Australia * Wireless transaction protocol, technical term in wireless communication Other uses * Besix Watpac, an Australian construction company ASX ticker code * Willingness to pay, economic term * Women's Torah Project The Women's Torah Project (WTP) was an initiative to have the first Torah scroll scribed entirely by women. The project began in 2003 and was completed in Seattle Seattle ( ) is a seaport city on the West Coast of t ...
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