As major Metro areas such as NYC, Chicago, LA, and San Francisco suffer who would've guessed Philly would actually be good for something? Business Week listed Philadelphia as #11 in their article/online slide show of "22 Best American Cities for Riding Out a Recession."
The city has plenty of large hospitals and educational institutions, including the University of Pennsylvania, Jefferson Medical School, and Temple University. It also has a large number of lawyers. Tourism could do fine in a downturn if Northeasterners decide to travel locally and foreigners continue to stream in to take advantage of the weak dollar. But Philadelphia has many stores and restaurants, which might get hit hard in a downturn.
Well hot damn! It turns out because of tourism, lack of big business and a more than surplus of hospitals, lawyers and schools, it's actually proven more than just a great place to grab some cheese steaks after getting into a drunken fist fight over a sports game. They said the restaurant business might suffer (which I've witnessed first hand at my own place of work) but still, "Killadelphia" has something to show for it besides high police brutality and gun violence levels. It's times like this that make me tear up with joy over a pint of Lager and a Flyers game. For the complete article check out http://images.businessweek.com/ss/08/10/1014_recession_cities/1.htm
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