Philadelphia Trade and Industry plays a vital role in the economy of the city. Traditionally manufacturing industries and other related distribution sector formed the backbone of the economy of Philadelphia. This industrial development of the city has declined since the end of World War II, as a number of firms have shifted to new locations in the suburbs of the city or other regions of USA. Presently, the city has developed into a diversified economy and concentrates more on information and service-based businesses.
Among the most flourishing industries in Philadelphia insurance companies, computer-based businesses, finance, telecommunications, and the printing and publishing industries come on the top of the list. Apart from these other developing industries in the city are research institutions, hospitals, medical schools, medical publishing, pharmaceutical firms and manufacturers of medical instruments.
Most of the industries of Philadelphia are involved in the production of items and goods like instruments, fabricated metal products, articles required in the telecommunications sector, chemicals, pharmaceuticals, office and computing equipment, biomedical products, paper products, processed foods, clothing, machinery and many other things.
Chemical and pharmaceutical plants play major role in the industrial sector of the city. Some of the major chemical industries in Philadelphia are Huey Chemical Corp, Lehigh Chemical & Solvents, Harry Miller Corporation, Jonas N & CO, Chemtech Specialties Inc., Cognis Corporation, Elf Atochem North America Inc,
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Dickler Chemical Laboratories, Air Laboratory Inc, Chemson Inc, Jacobi Carbons Inc, Miller Harry Corporation, Eastech Chemical Inc, Glo-Chem International, Lerro Products Inc, Lucky Cash, Martin R & E and Leatex Chemical CO. Oil, gas and other petroleum products are also manufactured in the city. Action Fuel Oil Inc and Northeast Propane Corporation are among the leading oil and gas companies in Philadelphia.
The banks play a crucial role in the development of Philadelphia trade and industry. Bank of America, Beneficial Bank, Gloucester County Federal Savings Bank, Earthstar Bank, Philadelphia Federal Credit Union, Third Federal Bank, Federal Reserve Bank Of Philadelphia, Pulaski Saving Bank, Prudential Savings Bank, Commonwealth Bank, Willow Grove Bank, PNC Bank, Willow Grove Bank, Citizens Bank and Sovereign Bank are some of the banks that offer loans and various financial services to industries of Philadelphia.
A number of government organizations look after the development of trade and industry in the city. The Philadelphia Department of Commerce is one among them that is responsible for the various economic developments that take place in the City of Philadelphia. The City Council along with the Mayor has taken commendable initiatives to improve trade and industry in Philadelphia.
To boost trade and industry in Philadelphia a number of trade shows are held every year. The Great Bridal Expo-Philadelphia, Real Estate & Wealth Expo - Philadelphia, Learning Annex, TS2 Expo, Interphex-USA, Biotechnica America, Greater Philadelphia Facilities Expo (GPPE) are some of the trade shows in Philadelphia.
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