Keystone Today

Gov. Tom Wolf announced June 29 that GLG, known as the world’s largest insight network, is bringing its business to Philadelphia’s historic district.

The move will bring 250 good-paying jobs to the area over the next three years, according to a press release from the governor’s office. This is the third major U.S. office for GLG, but the first in Pennsylvania. The company was founded in 1988 and has 20 offices in 12 countries.

“The decision by GLG to locate its new operation here in Pennsylvania, rather than other states, speaks volumes about the advantages we provide to companies to help them grow and thrive,” Wolf said. “The company’s investment in Philadelphia will create hundreds of jobs and help boost the local economy. I welcome GLG and applaud them for recognizing all that Pennsylvania has to offer.”

The company will lease a facility at 111 South Independence Mall East in Philadelphia, which is known as the Bourse Building, the release stated. The company plans to make leasehold improvements and purchase office equipment to support its expansion efforts in Philadelphia.

“As GLG continues to grow, we are thrilled to add this unique Philadelphia location to our U.S. office hubs,” Paul Todd, GLG CEO, said in the release. “Philadelphia is close to many of our clients and many of the world’s leading educational institutions. The smart and diverse talent pool available to us here will help us meet the increasing demand for our services. We’re confident that this investment in a Philadelphia-based team will quickly make it a vital part of our regional and global strategy.”

According to the release, GLG received a $250,000 funding proposal from the Department of Community and Economic Development through a Pennsylvania First grant. The company plans to invest $2.5 million in the project, which was coordinated by the governor’s action team.

Since Wolf has been in office, he has invested nearly $17.5 billion for 416 projects that have created 46,537 new jobs and retained 140,577 jobs, the release stated.

“GLG’s decision to select Philadelphia as it continues its expansion makes it clear that our city is a great place for businesses to grow and thrive – and the historic Bourse at Independence Mall is the perfect location for the company,” said Mayor Jim Kenney. “With our unique combination of affordability, cultural amenities, and talented and diverse workforce, Philadelphia is a top choice for innovative and collaborative companies of all sizes. We’re thankful to GLG for their major investment in our city and we look forward to seeing their continued growth.”