PHILADELPHIA (CBS) – It’s been a year since the North Broad Renaissance took charge of one of the most traveled sections of road in North Philadelphia.
Now, the group has issued its first status report.READ MORE: 'It Just Takes Time': Sixers Coach Doc Rivers Confident Ben Simmons' Chemistry With Teammates Will Return
Titled “State of North Broad” the report highlights the many opportunities popping up along North Broad Street, including more than $1-billion in new development and a nearly 25-percent population growth by 2021.
“North Broad is going to have three times the number of people coming and building up on North Broad than in the entire Philadelphia,” says Shalimar Thomas — executive director of the North Broad Renaissance.
She says the new folks moving in are young, diverse, educated and highly skilled demographic with most employers from the health and education industry:READ MORE: 16-Year-Old Boy, Man Shot In Head Near Lincoln High School, Philadelphia Police Say
“The question is how do we prepare the community to take advantage of these jobs?”
The report states current residents along the corridor earn about $14,000 per capita. The boon could mean they won’t be able to afford the living cost increase.
“What we want to do is help them stay there,” adds Thomas.
The method: education, training and jobs.MORE NEWS: Pennsylvania Gov. Tom Wolf Proposing New Legislation To Combat Sexual Assaults On College Campuses
The full report is available here.