INC. BRANDED CONTENT / PHILADELPHIA
DCED. ;e program abates most state and local business and
real estate taxes in qualifying zones and also provides young
Pennsylvania companies with working capital to meet critical
needs, such as operating expenses and workforce expansion.
;e state’s startup IT and life science ;rms may also qualify for
up to $100,000 in annual saleable tax credits. ;ese can be used
against a company’s tax liability or sold to other companies
that wish to use them.
Tech and life sciences companies are also well-supported.
;e state’s Ben Franklin Technology Partners program has
A TALENT POOL THAT KEEPS GETTING DEEPER
provided more than $175 million in seed-stage funding to
more than 1,750 regional technology companies in the city
and region. Philadelphia-based BioAdvance Biotechnology
Greenhouse of Southeastern Pennsylvania provides early stage
funding to local life sciences companies as part of the state’s Life
Sciences Greenhouse Initiative. “Historically, Philadelphia has
always been a hotbed of innovation,” Collins notes.
Philadelphia’s talent pool is a draw for many companies that are
gunning for growth. From 2010 to 2015, Philadelphia added
more people with bachelor’s degrees than any of the 10 largest
cities in the U.S., according to research by JLL. Nearly 400,000
A Fast-Growing Company Views The Cloud Through a Unique Lens
When Evolve IP opened its doors a
decade ago, its founding team shared
a unique vision. They realized the cloud
is not about buying one individual
service. It is about having a strategy
for multiple services and having them
To deliver on that vision the company
built the Evolve IP OneCloud, which
enabled businesses to deploy
both cloud computing and cloud
communications services on a single,
By 2017, more than 1,300 customers in
the global marketplace had responded.
Today, the Wayne, Pennsylvania-based
company has grown to about 300
associates, with more than half
based in the Philadelphia region.
integrated disaster recovery, contact
communications, and infrastructure.
The Philadelphia region enjoys a
enterprises; two industries that are
Evolve IP has made compliance a driving
feature of its strategy conversations.
Today, the company features third-party
audited HIPAA, PCI-DSS, ITAR, and SOC3
compliance among others.
Additionally, Evolve IP delivers highly-tailored services to its customers,
customizing solutions around a
business’s current and future needs,
infrastructure, and applications.
The focus works, with Evolve IP
achieving 98 percent retention rates.
The company averages 4. 5 out of 5
stars from nearly 200 online reviews
and boasts a 95 percent customer
satisfaction rating. The company is
using funds from a 2016 investment
Hill Partners to accelerate organic
growth and mergers and acquisitions
(M&A) across the globe. The company
has also implemented an aggressive
strategy to further increase its
intellectual property research and
Having access to talent has been
essential to Evolve IP’s growth, and
the company has relied on many of
the universities and trade schools
in the area to build its workforce.
Additionally, the company invests
heavily in continuing education for
its associates. In each of the last two
years, associates logged more than
20,000 hours of training with three
employee skills current as Evolve
looks to lead the cloud strategy
conversation for years to come.
(l-r) Scott Kinka, Thomas J. Gravina, Jay Wright, Guy Fardone, Tim Allen