The phrase “eds, meds, and beds” is often used to describe Philly’s economy because higher education, healthcare, and hospitality are usually what first come to mind when people discuss the top Philadelphia industries. While these 3 all play an important role, they aren’t the only ones worth watching.
| “The local economy is growing faster than many people realize, and technological advancements have been a key driver behind it all.” – Brian Pickell, Co-Founder and CEO, KPInterface |
In 2025, the city entered the list of the top 15 best startup ecosystems in the world at rank 13. This placement is driven by far more than just “eds, meds, and beds.” Local institutions and state programs have been supporting incubators, funding research, and launching initiatives to grow startups.
Today, we will explore the top industries in Philadelphia (including the big 3) and how technology is helping all of them grow. After that, we will examine how the right managed IT partner can help your business leverage the technology you need to thrive in your industry.
The 6 Top Philadelphia Industries
1. Higher Education
The city is home to dozens of colleges and universities, including the University of Pennsylvania, Temple University, Drexel University, Thomas Jefferson University, La Salle, and many others.
While these institutions are a strong source of GDP on their own, they also play a key role in helping other local industries grow rapidly. Firstly, it means that strong local talent is readily available to any sector.
Secondly, the proliferation of universities and colleges means Philadelphia has one of the largest student populations in the USA, which fuels demand for housing and other services.
2. Healthcare & Life Sciences
The healthcare industry is Philadelphia’s largest employer. In fact, healthcare and social assistance jobs now account for about 32% of all employment in the city.
This dominance is due in part to Philadelphia’s many major hospitals and medical institutions, including the University of Pennsylvania Health System, Jefferson Health, Children’s Hospital of Philadelphia, and Temple Health.
3. Tourism & Hospitality
Philadelphia’s hospitality sector includes hotels, restaurants, museums, event venues, and attractions that welcome millions of visitors each year. It currently supports about 80,000 jobs in Philadelphia County and nearly 200,000 across the region. This growth is being fueled by major events and strong marketing initiatives.
The year 2025 marks a key preparation phase for even larger events in 2026, when Philadelphia will host FIFA World Cup matches and the U.S. Semiquincentennial (250th anniversary). These celebrations are expected to generate significant economic impact, with the World Cup alone projected to create more than 6,000 jobs and $314 million in wages throughout the region.
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Philadelphia has a long history as a financial hub, dating back to its founding as the nation’s first capital and home of early American finance. Today, the financial services sector remains one of the city’s largest industries.
Major employers include banks with a significant regional presence, such as Wells Fargo, PNC, and TD Bank, as well as investment management firms and insurance giants like Independence Blue Cross. The city is also home to the Philadelphia Stock Exchange (PHLX) (one of the oldest stock exchanges, now part of Nasdaq).
5. Manufacturing
While Philadelphia’s economy has transitioned from its heavy industrial roots, manufacturing is still a significant and growing sector. Today, the region’s manufacturing base includes pharmaceuticals and medical device production, chemicals, food processing, precision machinery, and emerging industries like 3D printing and electronics assembly.
Within the city, there are legacy manufacturers and a rising number of small specialty manufacturers. Pennsylvania as a whole has seen renewed momentum in manufacturing recently, and Philadelphia is benefiting from that trend with new facilities and investments.
6. Transportation & Logistics
Philadelphia’s location and infrastructure make transportation and logistics a major force in its economy. The city functions as a regional hub with the Port of Philadelphia (PhilaPort), an international airport, extensive rail lines, and several intersecting interstate highways.
Employment in logistics and transport remains high, with organizations such as SEPTA and American Airlines among the city’s largest employers. This reflects how much Philadelphia depends on transit and freight to drive its economy.
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What’s Helping The Biggest Industries in Philadelphia Grow?
Philadelphia’s growth is fueled by a steady rise in talent and entrepreneurship. This is reflected by the fact that the number of college-educated residents aged 25-34 living in the city has nearly doubled over the past decade.
Many of these young professionals work in STEM and business fields, which attracts large employers that are seeking skilled workers. This influx of educated talent powers innovation within established sectors and supports the city’s expanding industries.
Small businesses also play a crucial role in this growth. Philadelphia is home to nearly 30,000 organizations with fewer than 100 employees, a figure that has increased by about 7.5% in the past 10 years. These businesses create diversity and resilience across the local economy.
What Role Does Technology Play For These Leading Philadelphia Industries?
Every business in every industry needs strong technology tools, yet 42% of them aren’t using the IT tools that they have to their fullest. This discrepancy is largely the result of many business leaders simply not understanding what their IT tools can do.
So, here is a closer look at how Philadelphia’s largest industries benefit from technology solutions.
How The Top Philadelphia Industries Use Managed IT Services
Knowing what technology solutions you need doesn’t always provide the whole answer. You may not have the people you need to ensure that your tools are managed and operated correctly. This gap is why many organizations turn to managed IT services. Here’s a look at what a managed IT service provider (MSP) can do for each one of Philadelphia’s top sectors.
| Higher Education |
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| Healthcare & Life Sciences |
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| Tourism & Hospitality |
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| Finance & Insurance |
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| Manufacturing |
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| Transportation & Logistics |
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Contact an MSP Who Understands All of The Key Industries in Philadelphia
Each of Philadelphia’s leading industries depends on technology to stay efficient, secure, and competitive. Partnering with a provider who understands those needs can make all the difference.
KPInterface is that provider. We’ve been recognized on the Channel Futures MSP 501 list and voted Best IT Services in Montgomery County, which reflects our dedication to dependable, high-quality support.
You can depend on our:
- IT support
- IT helpdesk services
- Cybersecurity services
- IT network support
- IT consulting
- IT outsourcing
No matter your industry, we’re looking forward to hearing from you! Contact us today.