PHILADELPHIA— Today, the Department of Commerce announces the release of two inaugural impact studies highlighting the billion-dollar impact of Philadelphia’s nighttime and music economies. These studies provide in-depth, data-driven analyses of the city’s economic activity occurring between the hours of 6 p.m. and 6 a.m. The findings from 2022-2024 data are available online by clicking here.

“These impact studies make it clear: Philadelphia’s nighttime and music economies are vital to our city’s economic growth, job creation, and overall quality of life,” said Mayor Cherelle L. Parker. “As we enter the busy summer season, with residents, businesses, and visitors engaging in late-night activities, this data offers valuable insights to guide our ongoing initiatives. We remain committed to supporting these industries so that everyone benefits from a safer, more inclusive, and thriving nighttime economy now and all year long.”

“As we continue our collective efforts to strengthen Philadelphia’s economy, we are pleased to share these findings, which identify key opportunities for growth— including as the city prepares for the global spotlight of 2026.” said Karen Fegely, Acting Commerce Director, City of Philadelphia. “These impact studies illuminate both our existing strengths and areas requiring focused development, providing a foundation for informed, strategic decision-making. We remain steadfast in our commitment to cultivating a dynamic, 24-hour city driven by a diverse economic base and enriched by world-class arts and cultural institutions. We take great pride in all that Philadelphia represents, while diligently working to expand access to economic opportunity for all.”

“Philadelphia’s nighttime and music economies are key to creating equitable access to opportunity across our neighborhoods,” said Councilmember Isaiah Thomas, Philadelphia City Council. “These reports demonstrate the tangible impact these industries have on job creation, tourism, and youth engagement. As a councilmember, I’m committed to ensuring our creative and nightlife communities have the support they need to thrive and remain inclusive, safe, and sustainable.”

Philadelphia Nighttime Economy Impact Study

This Philadelphia Nighttime Economy Impact Study marks the first comprehensive evaluation of Philadelphia’s nighttime economy, examining a broad range of sectors including hospitality, arts, culture, sports, manufacturing and essential services. Key findings include:

• Economic Output: An estimated $26.1 billion in total annual economic output in Philadelphia.
• Local Job: Approximately 132,000 jobs supported, generating $9 billion in wages for local workers.
• Tax Revenue: $358.8 million in annual tax revenue for the City of Philadelphia and $570.2 million for the Commonwealth of Pennsylvania.

” The continued growth of our nighttime economy requires partnerships including between government agencies, businesses, creatives, and community leaders,” said Raheem Manning, Director, Nighttime Economy, Department of Commerce. “These inaugural impact studies offer essential insights—tracking visitation trends, sector-specific activity, and geographic patterns across the city—affirming Philadelphia’s nighttime economy as a powerful driver of cultural vibrancy and economic resilience. We are pleased to now have a clearer understanding of where we are today, and that these studies can be a vehicle guiding us as we chart the path forward— supported by ongoing, real-time data and analysis.”

“A safe, welcoming and strong nighttime economy plays a vital role in how people experience Philadelphia,” said Angela Val, President and CEO, Visit Philadelphia. “Investing in it for both residents and visitors will make our city an even more appealing destination, day and night.”

Philadelphia Music Industry Economic Impact Study

The Philadelphia Music Industry Economic Impact Study was developed in response to recommendations from the Philadelphia Music Industry Taskforce and assesses the economic footprint of the city’s diverse music sector. Key findings include:

• Economic Output: An annual economic impact of $6.1 billion within Philadelphia and $6.6 billion statewide.
• Local Job: Support for over 31,000 jobs, resulting in $1.4 billion in wages.
• Tax Revenue: Generates $64 million in local tax revenue and $121 million statewide.

“At World Cafe Live, we see firsthand how vital the music and nighttime economies are to both our cultural heartbeat and economic vitality,” said Kerri Park, Chief Operating Officer, World Cafe Live. “These findings affirm what we’ve long known—live music venues are not just places for entertainment; they’re economic engines and community anchors. We’re proud to contribute to Philadelphia’s vibrant creative economy and to champion continued investment in these sectors.”

“This data underscores what artists, creatives, and cultural leaders have always known—Philadelphia’s music and nightlife scenes are vital to our identity and economy,” said Val Gay, Chief Cultural Officer and Executive Director, Creative Philadelphia. “As Chief Cultural Officer, I view these findings as a call to action to deepen our investment in the arts as a vehicle for both expression and economic empowerment. Together, we can build a cultural landscape that reflects the soul of our city and uplifts every voice.”

The Department of Commerce will use these findings to inform strategic planning, guide policy discussions, and support initiatives that ensure the continued growth and vibrancy of Philadelphia’s cultural and economic landscape. These impact studies are developed by Econsult Solutions and commissioned by the Department of Commerce in partnership with Visit Philadelphia.

“Our studies of the Philadelphia nighttime and music economies show that these ecosystems are a crucial part of the city, region, and state’s economic vitality and competitiveness,” said Gina Lavery, Executive Vice President & Principal, Econsult Solutions. “Continued investment in the infrastructure and resources that make Philadelphia run successfully after dark—including transportation and business support services—and a data-focused approach to nighttime policy decisions can ensure that Philadelphia is positioned for future growth in these important sectors.”

For more information, click here.