Philly’s Tech Sector is Faring Relatively Well During the Pandemic

In the Economy League of Greater Philadelphia’s weekly report on how the COVID-19 pandemic is affecting the local businesses, the org found that while some industries are taking a direct hit, the city’s tech sector is surviving better than others.

“With the sudden shift to remote or teleworking, this cross-cutting sector has become essential to maintaining the local economy,” the Leading Indicators report said. “It may also provide new equitable growth opportunities as the pandemic ends.”

The report found that Philadelphia’s tech sector is “moderately sized” compared to other cities, making up about 4.4% (or 115,000 jobs) of the region’s workforce. Other large cities like New York City and Chicago fall behind with stats closer to 4%, while tech enclaves make up about 8% of the workforce of cities like Seattle and Washington, D.C., the report said.

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