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Reading Terminal Market has $146M annual impact in Pennsylvania, study finds

nbcphiladelphia.com · 6h · first reportShare

Reading Terminal Market is an “economic engine” for Philadelphia and Pennsylvania, generating an estimated $146 million in statewide economic impact each year, a new study found. On Tuesday, Sept. 15, Reading Terminal Market CEO and General Manager Annie Allman and other officials presented the findings of the market’s first economic and community impact study, titled “Feeding the City, Fueling the Economy.” The report’s highlights include $146 million in annual statewide economic impact, 740 jobs supported, $2.7 million in aggregated tax revenue for Pennsylvania and nearly 6 million annual visits. “The Market is both a beloved civic institution, and a powerful and vital economic engine for Philadelphia and Pennsylvania,” Allman wrote in the study. Economic and fiscal impact According to the report, Reading Terminal Market has a $126 million annual impact for Philadelphia and supports 650 jobs annually in the city. Statewide, the Market has a nearly $146 million impact and supports mor