Growth of Cell and Gene Therapy Clusters in Greater Philadelphia
Building on its heritage and long-term commitment to cell and gene therapy research, the Greater Philadelphia Region is taking a leadership position in developing ground-breaking innovations.
A cluster of innovative activity, the Greater Philadelphia region is home to more than 50 CGT firms. The number of CGT firms is projected to continuously grow as additional life sciences space including lab and manufacturing facilities are under construction and planned by many developers.
Considerable growth is occurring within the City of Philadelphia: a half million square foot laboratory at Pennovation Works Campus in the city’s Gray’s Ferry section; and an additional 200,000 square foot lab facility is being completed in Center City. Nearby, a 190,000 square foot Science Park is under way in Wilmington, Delaware, and 1 million square feet of laboratories and manufacturing facilities are being developed in King of Prussia, Pennsylvania.
This report was produced by Econsult Solutions, Inc. (“ESI”). ESI is a Philadelphia-based economic consulting firm that provides businesses and public policy makers with economic consulting services in urban economics, real estate economics, transportation, public infrastructure, development, public policy and finance, community and neighborhood development, planning, as well as expert witness services for litigation support. Its principals are nationally recognized experts in urban development, real estate, government and public policy, planning, transportation, non-profit management, business strategy and administration, as well as litigation and commercial damages. Staff members have outstanding professional and academic credentials, including active positions at the university level, wide experience at the highest levels of the public policy process and extensive consulting experience.