Philadelphia Among Peer Cities Most Heavily Reliant on Eds and Meds Economy

A new report from the Federal Reserve Bank of Philadelphia found that higher education institutions and hospitals power close to 13 percent of the economy in the Philadelphia region, write Mike D’Onofrio and Isaac Avilucea for Axios. 

This means that the City of Brotherly Love is one of the most heavily reliant on eds and meds among its peer cities. 

Philadelphia ranked fifth among peer regions based on the overall impact that anchor institutions have on its employment. Eds and meds in the region account for over 495,000 employees and 8.4 percent of its income ($33.8 billion). 

Read the full article at: vista.today