Covid-19 pandemic continues to affect every part of the world. Many areas believed they were past it, only to have it come roaring back once again. The Delaware Valley hasn’t been spared, as its economy has come to a complete stop. Nevertheless, individuals in the area remain optimistic about the future of the region.
The United States possesses a history full of comebacks after major disruptions. In fact, the country often thrives in these periods. For instance, World War I and the Spanish Flu pandemic led the country into the Roaring Twenties, a decade of prosperity and economic growth. Something similar happened following World War II when the country experienced a baby boom and the biggest economic expansion the country had ever seen. The Great Recession of 2008 remains fresh in the minds of many, and this setback preceded the longest economic expansions in America’s history.
Philadelphia, the largest city in Pennsylvania, remains poised for a major comeback once the pandemic has passed. Experts identified four reasons the city will thrive. Upon review of these four reasons, individuals desiring more information should head to nria.net.
Geography
Major companies and smaller businesses alike often overlook Philadelphia when setting up shop. These organizations couldn’t justify setting up shop in Philadelphia when New York and Washington, D.C. offered viable options. Amazon serves as a good example of a company that neglected the city when establishing a new headquarters on the east coast. The company looked to locate additional centers on this coast but didn’t give Philadelphia serious consideration. The company decided to build two headquarters, one in New York and one in Virginia. Although Amazon scrapped the New York headquarters, the Virginia one continues to move forward.
The pandemic led to employees across the country working from home. Experts believe employers will continue to embrace remote working, which is a game changer. This allows companies to secure talent from a much larger geographical area while locating their office in areas with a lower cost of living. Philadelphia becomes more attractive to workers when they don’t have to make a long commute every day to earn a living. They work from home on most days and only head into the office when required.
Furthermore, New York continues to struggle due to the pandemic and other issues the city is facing. Residents who can afford to move are doing so, and those with homes in other parts of the country have fled the city for their second or third residence. Certain workers felt trapped. If they wished to keep their job, they must remain in the city. Now they find this isn’t the case. They move to adjacent areas and only head into work one or two days a week. Housing remains cheaper in Philadelphia, and Salary.com reports the cost of living in Philadelphia comes in at 31.7 percent less than New York City. Earn the same pay and keep more of that money by relocating to Philadelphia while continuing to work in the city and earning the higher pay.
Education
Students form the future of the country, and education looks different than it did just a few short months ago. Schools found they must adapt to providing a virtual education overnight. They weren’t prepared to do so, and some educational systems continue to struggle in this area. Philadelphia serves as a major educational hub for the country, with more colleges and universities calling it home than almost any other city in the nation. The educational institutions continue to work together to ensure students have access to affordable education, possibly in a virtual setting. The future of higher learning remains unclear thanks to the ongoing pandemic, but Philadelphia’s schools continue to meet these challenges head on.
Medicine
The pandemic highlights the need for high-quality medical care for all. Individuals must consider which cities offer the best care. Sadly, New York witnessed high hospitalization and mortality rates and the pandemic isn’t over yet. Many of the best hospitals and healthcare systems in the world call Philadelphia home, and they are know for medical advancements and innovations, particularly in the areas of immunotherapy and gene therapy. Men and women need to take this into consideration when they decide where to live. While experts hope America will have a vaccine for Covid-19 soon, people everywhere now see the importance of quality health care when a new disease appears. Don’t wait until it’s too late. Make changes now.
Beauty
When people think of Philadelphia, they often bring to mind the Liberty Bell, Independence Hall, and the Philadelphia Museum of Art. What they don’t consider if the enormous amounts of green space found in the city, yet its parks and walkability make it the ideal choice for many. When William Penn incorporated the five city squares into his vision for the city, he never dreamed the city would fill with cars, trains, and more. Nevertheless, he created spaces where people can come together and enjoy the beauty of the city. A person cannot do this in New York City without heading to Central Park. Only those with money find they can live near a green space in New York City. That isn’t the case in Philadelphia. People find green spaces everywhere and can walk the city with ease, never needing other means of transportation to get around.
The global pandemic has far-reaching effects, and many of these effects won’t become evident for years to come. However, individuals discovered they can work from home and this discovery will lead to people reconsidering their housing. Why live in a crowded city where diseases spread quickly because of overcrowding when it’s possible to buy a home in Philadelphia and enjoy the best of both worlds? If you have yet to evaluate your housing situation in the face of this crisis, now is the time to do so. You don’t want to wait until others come to the same realization and find your dream home has been purchased by someone else or prices are skyrocketing because of supply and demand. Get in early so you don’t miss out.
