Pennsylvania Gov. Tom Wolf announced Wednesday that GLG, the world’s insight network, will locate its third major U.S. office in Philadelphia.
The expansion is the company’s first operation in Pennsylvania. The company said that it plans to create 250 good-paying jobs over the next three years due to the expansion.
“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 said it will lease space at the Bourse Building and will make improvements to the facility in addition to purchasing office equipment as part of its expansion plans.
“As GLG continues to grow, we are thrilled to add this unique Philadelphia location to our U.S. office hubs. 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,” said GLG CEO Paul Todd. “We’re confident that this investment in a Philadelphia-based team will quickly make it a vital part of our regional and global strategy.”
The Pennsylvania Department of Community and Economic Development (DCED) offered the company a $250,000 Pennsylvania First grant. GLG has committed to investing $2.5 million in 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.”