Philly Leader

Gov. Tom Wolf announced that GLG, known as the world’s insight network, is bringing its business to Philadelphia’s historic district, which will create 250 well-paying full-time jobs.

The Philadelphia location will be the third major office for GLG in the United States, but the first in Pennsylvania, according to a press release from Wolf’s office June 29.

The company was founded in 1988 and has 20 offices in 12 countries, the release stated. It has a network of 1 million experts and its clients include banks, pharmaceutical companies, law firms and global technology firms

“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 lease space at 111 South Independence Mall East in Philadelphia, which is known as the Bourse Building. Leasehold improvements will be completed and office equipment purchased for the company’s expansion.

“As GLG continues to grow, we are thrilled to add this unique Philadelphia location to our U.S. office hubs,” said GLG CEO, Paul Todd. “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 (DCEDC) through a Pennsylvania First grant. They also committed to creating 250 jobs over three years, as well as investing $2.5 million into the project.

“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.”

This project was coordinated by the governor’s action team, and since Wolf has been in office, he has invested nearly $17.5 billion for 416 completed projects, which created 45,537 new jobs and retained 140,577, the release stated.