City controller releases jobs plan for the city

City Con­trol­ler Alan Butkovitz last week re­leased a plan for the city to cre­ate 4,400 jobs by part­ner­ing with its edu­ca­tion and med­ic­al an­chor in­sti­tu­tions to spend more of their money in Phil­adelphia rather than out­side the city.

Butkovitz made the an­nounce­ment dur­ing a Jan. 9 news con­fer­ence at the con­trol­ler’s 12th-floor of­fice at the Mu­ni­cip­al Ser­vices Build­ing.

The in­sti­tu­tions cited by Butkovitz were 18 uni­versit­ies or col­leges and 16 hos­pit­als loc­ated in Phil­adelphia.

The con­trol­ler’s re­port in­dic­ated that, if those in­sti­tu­tions would in­crease their loc­al spend­ing by 25 per­cent, it could gen­er­ate $642 mil­lion in spend­ing and $14 mil­lion in new tax rev­en­ues each year.

“This is a real and ser­i­ous ini­ti­at­ive for the city,” Butkovitz said. “The loc­al gov­ern­ment’s role would be to co­ordin­ate and build re­la­tion­ships, to as­sist with fin­an­cing en­ter­prises, and to cre­ate in­cent­ives for firms to loc­ate here to meet the an­chor de­mand.”

Most of the spend­ing would take place in man­u­fac­tur­ing and real es­tate, with oth­er dol­lars com­ing in pro­fes­sion­al ser­vices and man­age­ment.

The plan was en­dorsed by Lucy Ker­man, vice prov­ost for uni­versity and com­munity part­ner­ships at Drexel Uni­versity. Drexel and the Uni­versity of Pennsylvania already have de­veloped a loc­al of­fice sup­ply vendor.

Butkovitz said sim­il­ar re­in­vest­ments have been suc­cess­ful in Clev­e­land, De­troit and Bal­timore.

“It’s hap­pen­ing in oth­er cit­ies that have far few­er re­sources and world-class in­sti­tu­tions than we have in Phil­adelphia,” he said. “We can es­tab­lish the work­ings and agree­ments of this pro­gram now, and then reap the be­ne­fits for years to come.”

The re­port can be viewed at www.phil­adelphi­ac­on­trol­ ••

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