Translation Services in Philadelphia – Economic Profile
With close to six million inhabitants in the metropolitan area Philadelphia is the largest city in Pennsylvania and the sixth largest in the United States. The nation’s first capital is a world city and a center of commerce, education and culture. The city’s major economic sectors include financial services, medical research, education, manufacturing, and food processing.
“Philly” is home to many Fortune 500 companies such as Comcast, CIGNA, Lincoln Financial Group, Sunoco, Aramark, and Boeing helicopters. In addition, the city’s concentration of medical institutions has been attracting a great number of chemical and pharmaceutical companies such as Rohm and Haas Company, Johnson & Johnson, Siemens Medical, Merck, GlaxoSmithKline, and Wyeth.
Its over 80 institutions of higher education and 300,000 students in the metropolitan area make Philadelphia a bustling college town. Hosting many prestigious law schools such as the University of Pennsylvania Law School, the Temple University School of Law, the Villanova School of Law, the Widener University Law School, and the headquarters of the American Law Institute, Philadelphia is a national center of legal education.
Philadelphia features many important medical and research institutions, making health care one of the most important economic sectors. Most of the city’s hospitals are affiliated with its institutions of higher education such as the Temple School of Medicine, the Drexel University College of Medicine and Thomas Jefferson University.
Philadelphia has one of the most diverse populations in the United States. It has the nation’s second largest communities of Irish, Italian and Jamaican residents and features the third largest Puerto Rican and fourth largest Polish and African American communities. In addition, it has become home to countless Asian, Western and Eastern European immigrants. Communities of Arabs, Germans, Greeks, Indians, Japanese, Pakistanis, Iranians, Ukrainians, Russians, West Indians, and Yugoslavians can be found throughout the city.
The city’s extraordinary ethnic diversity, its globally oriented business as well as its medical and research institutions have generated a substantial demand in translation and interpreting services. In addition, ethnic marketing, targeting the diverse ethnic groups, is becoming an increasingly important factor in the demand for linguistic services in Philadelphia.