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Philadelphia's economy is heavily based upon manufacturing, refining, food, and financial services. The city is home to the Philadelphia Stock Exchange and several Fortune 500 companies, including cable television and internet provider Comcast, insurance companies CIGNA and Lincoln Financial Group, energy company Sunoco, food services company Aramark, Crown Holdings Incorporated, chemical makers Rohm and Haas Company and FMC Corporation, pharmaceutical companies Wyeth and GlaxoSmithKline, Boeing helicopters division, and automotive parts retailer Pep Boys. Early in the 20th Century, it was also home to the pioneeering brass era automobile company Biddle.[40] The federal government has several facilities in Philadelphia as well. The city served as the capital city of the United States, before the construction of Washington, D.C. Today, the East Coast operations of the United States Mint are based near the historic district, and the Federal Reserve Bank's Philadelphia division is based there as well. Philadelphia is also home to the U.S. District Court for the Eastern District of Pennsylvania and the U.S. Court of Appeals for the Third Circuit. Partly because of the historical presence of the Pennsylvania Railroad, and the large ridership at 30th Street Station, Amtrak also maintains a significant presence in the city. These jobs include customer service representatives and ticket processing and other behind-the-scenes personnel, in addition to the normal functions of the railroad. The city is also a national center of law because of the prestigious University of Pennsylvania Law School, Temple University Beasley School of Law, Villanova University School of Law, Widener University School of Law, and Drexel University College of Law. Additionally, the headquarters of the American Law Institute is located in the city. Philadelphia is also an important center for medicine, a distinction that it has held since the colonial period, when Pennsylvania Hospital was the first hospital in the British North American colonies. The University of Pennsylvania, the city's largest private employer, runs an extensive medical system. There are also major hospitals affiliated with Temple University School of Medicine, Drexel University College of Medicine, and Thomas Jefferson University. Philadelphia also has three distinguished children's hospitals: Children's Hospital of Philadelphia (located adjacent to the Hospitals of the University of Pennsylvania), St. Christopher's Hospital, and the Shriners' Hospital. In the city's northeast section are Albert Einstein Hospital and the Fox Chase Cancer Center. Together, health care is the largest sector of employment in the city. Several medical professional associations are headquartered in Philadelphia. In part because of Philadelphia's long-running importance as a center for medical research, the region is a major center for the pharmaceutical industry. GlaxoSmithKline, AstraZeneca, Wyeth, Merck, GE Healthcare, Johnson and Johnson and Siemens Medical Solutions are just some of the large pharmaceutical companies with operations in the region. The city is also home to the nation's first school of pharmacy, the Philadelphia College of Pharmacy, now called the University of the Sciences in Philadelphia. As of the census[46] of 2000, there were 1,517,550 people, 590,071 households, and 352,272 families residing in the city. The population density was 11,233.6/square mile (4,337.3/km²). There were 661,958 housing units at an average density of 4,900.1/sq mi (1,891.9/km²). As of the 2004 Census estimations, there were 1,463,281 people, 658,799 housing units, and the racial makeup of the city was 45.0% White, 43.2% African American, 5.5% Asian, 0.3% Native American, 0.1% Pacific Islander, 5.8% from other races, and 2.2% from two or more races. Hispanic or Latino of any race were 8.5% of the population. The top 5 largest ancestries include Irish (13.6%), Italian (9.2%), German (8.1%), Polish (4.3%), and English (2.9%).[3] Of the 590,071 households, 27.6% have children under the age of 18 living with them, 32.1% were married couples living together, 22.3% had a female householder with no husband present, and 40.3% were non-families. 33.8% of all households were made up of individuals and 11.9% had someone living alone who was 65 years of age or older. The average household size was 2.48 and the average family size was 3.22. In the city the population was spread out with 25.3% under the age of 18, 11.1% from 18 to 24, 29.3% from 25 to 44, 20.3% from 45 to 64, and 14.1% who were 65 years of age or older. The median age was 34 years. For every 100 females there were 86.8 males. For every 100 females age 18 and over, there were 81.8 males. The median income for a household in the city was $30,746, and the median income for a family was $37,036. Males had a median income of $34,199 versus $28,477 for females. The per capita income for the city was $16,509. About 18.4% of families and 22.9% of the population were below the poverty line, including 31.3% of those under age 18 and 16.9% of those age 65 or over. Philadelphia has the second largest Irish, Italian, and Jamaican populations and the fourth largest African American population in the nation. Philadelphia also has the fourth largest population of Polish residents. In recent years, the Hispanic and Asian American populations have significantly increased. Hispanics, mostly Puerto Ricans,[citation needed] have settled throughout the city, especially around El Centro de Oro, and the city now has the third largest Puerto Rican population in the continental United States. The Asian population was once concentrated in the city's thriving Chinatown, but now Korean Americans have come to Olney, and Vietnamese have forged bazaars next to the Italian Market in South Philadelphia. Concentrations of Cambodian American neighborhoods can be found in North and South Philadelphia. Indians and Arabs have come to Northeast Philadelphia along with Russian and Ukrainian immigrants. This large influx of Asians has given Philadelphia one of the largest populations of Vietnamese, Cambodians, Chinese, and Koreans in United States. The Philadelphia region also has the fourth largest population of Indian Americans. The West Indian population is concentrated in Cedar Park. Germans, Greeks, Chinese, Japanese, English, Pakistanis, Iranians, and also immigrants from the former Yugoslavia along with other ethnic groups can be found throughout the city. Information provided by Wikipedia . |
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