This dashboard tracks the Philly area’s economic growth since the pandemic

It measures four key markers: job growth, small business growth, wage growth and poverty reduction.

chamber of commerce-inclusive growth

Greater Philadelphia Chamber of Commerce

Note: This article is a paid placement and does not necessarily reflect the views or opinions of Billy Penn of WHYY.

With all eyes on how we grow the regional economy and ensure equitable prosperity for all Philadelphians, the Greater Philadelphia Chamber of Commerce, in partnership with the Boston Consulting Group, created the Inclusive Growth Scorecard.

It is a tool designed to help municipal and regional policy makers, business and civic leaders, and the public understand economic conditions, discuss them with aligned data points, and seek evidence-based solutions.

In 2020, what became the Recharge & Recover PHL Task Force came together to design, present and implement a unified recovery strategy. The group included 160 civic and business leaders, partnered with Philadelphia Mayor Jim Kenney, Pennsylvania Governor Tom Wolf, Philadelphia City Council Speaker Darrell Clarke and representatives from southeastern Pennsylvania counties.

Led by the Chamber and its CEO Council for Growth, the task force created five aspirations for the region, suggesting that it strives to become:

  1. A new national model for learning, becoming an apprentice and working in the jobs of the future
  2. A known place to invest and grow small black, brown and local businesses
  3. A digital community with increased digital literacy, technology and internet usage
  4. The healthiest and most livable community in the Northeast
  5. A world-leading cell and gene therapy center

These goals support economic recovery and provide a means to differentiate our region from peer metropolises like Atlanta, Boston and Washington DC for decades to come.

Knowing that this effort requires a data-driven strategy, the Chamber developed the Inclusive Growth Scorecard. With the scorecard, the Chamber and the Council of CEOs set the tone — and an accountability system with an objective set of measures and definitions of success — for how the Greater Philadelphia area achieves these overall goals.

The scoreboard measures a set of key macroeconomic indicators:

  • Employment growth
  • Small business growth
  • Wage growth
  • Poverty reduction

Note: Data is dynamic, so bookmark it, check back often, and share it with your networks.

The dashboard is maintained in conjunction with the Federal Reserve Bank of Philadelphia and The Pew Charitable Trusts Philadelphia Research and Policy Initiative. It will be continuously updated.

By embarking on this journey together, we will build a stronger, fairer economy in Greater Philadelphia than ever before.

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