Economic Impact
In addition to preserving and expanding affordable housing for Philadelphia’s renters, PHA’s Opening Doors Initiative will have a significant impact on the region’s economy, which will enhance PHA’s ongoing efforts to connect public housing and lower-income residents with jobs.
PHA is an economic engine in Philadelphia. According to a study done for the PHA by Econsult Solutions Inc., the seven-year initiative (2023-2029) is projected to produce $6.2 billion in economic impacts and 4,900 full-time jobs statewide, with an estimated $5.2 billion and 4,400 jobs generated in Philadelphia. For more information about the immediate and long-term economic impacts, read Economic Impact of PHA’s Proposed Development.
The PHA is well-positioned to help public housing and lower-income residents tap into these economic opportunities through its comprehensive Workforce Development Center, which offers employment and training services, a job bank, and a resident small business incubator. Since opening its doors in 2019, the center has connected 1,000 residents each year with employment information, seminars, and technical training in fields such as community health, pharmacy, and construction. For more information about these initiatives, visit PHA’s Job Bank.
