Opportunities
Overview
The Bellwether District is a generational project in an urban landscape in the heart of Philadelphia, the 7th largest MSA in the U.S. With unmatched scale, workforce, logistical and energy infrastructure, the Bellwether District’s location provides significant operational advantages within the region.
Convenient Access to University City and 30th Street Station
PHL is home to 1st FDA-approved cell and gene therapies
Proximity to PHL Airport’s Cool Port facility
Talent pool from 100 regional colleges and universities
Economic Incentives
Foreign Trade Zone (FTZ)
The Bellwether District site is eligible for a FTZ designation which is supported by PhilaPort as the grantee of the local FTZ. Each Tenant is required to apply for approval with the FTZ board and U.S. Customs based on their specific use. U.S. Foreign Trade-Zones encourage activity and investment in the United States. FTZs are secured, designated locations around the United States in or near a U.S. Customs Port of Entry where foreign and domestic merchandise are generally considered to be in international commerce and outside of U.S. Customs territory.
Keystone Opportunity Zone (KOZ)
Businesses located in the Bellwether District’s KOZ can qualify for reductions, exemptions, abatements, or credits for most city and state taxes for 10 years, including corporate taxes, franchise taxes, financial institution taxes, income taxes and real estate taxes.
In addition, exemptions from state and local sales and use tax apply to most purchases of items for property used and consumed in the KOZ.
Payment in Lieu of Taxes (PILOT)
Owners and businesses operating at the site have potential local tax savings in the following categories: net profits tax, business income and receipts (BIRT) tax, use and occupancy tax, and real estate property tax.
Tenants of the Bellwether District could be eligible for a variety of incentives offered by The City of Philadelphia and Commonwealth of Pennsylvania. For more information, please visit: City of Philadelphia | Programs and Incentives and DCED Programs and Funding
Surrounding Amenities
Dining & Entertainment
57 within a 5 minute drive
864 within a 10 minute drive
Hotels
1 within a 5 minute drive
45 within a 10 minute drive
Retail establishments
150 within a 5 minute drive
1,833 within a 10 minute drive
Childcare/education facilities
14 within a 5 minute drive
318 within a 10 minute drive