5 major investments Philadelphia is making ahead of America’s 250th Birthday
Writer: Eleana Teran
April 2025 — Philadelphia is no stranger to big moments, but 2026 is shaping up to be one for the history books. The city will host a star-studded lineup of international and national events, including the FIFA World Cup, the PGA Championship, the MLB All-Star Game, the NCAA Men’s Basketball Tournament, and the official celebration of America’s 250th birthday. On top of that, the Global Business Forum from the World Trade Centers Association will bring together influential leaders to discuss the future of commerce.
For the region, the opportunity is as much about showcasing its vibrant communities, infrastructure, and institutions as it is about drawing international attention. “The focus is not just about the World Cup itself,” said Zabeth Teelucksingh, president of the Global Philadelphia Association, in an interview with Invest:. “It’s also about how we welcome and accommodate visitors… Hotels, signage, and overall city navigation are being improved to ensure a seamless experience for visitors.”
Here are five ways Philadelphia is preparing to welcome the world in 2026:
Transforming transportation
Philadelphia is making critical upgrades to its transportation network ahead of 2026, backed by a $91 million funding transfer approved by City Council in early March. Over $46 million of that will support event logistics, vehicle purchases, software upgrades, park beautification, and infrastructure improvements near key sites like Lemon Hill, home of the FIFA Fan Festival.
Meanwhile, one of the city’s busiest corridors — Roosevelt Boulevard — is undergoing improvements through the Route for Change initiative, led by the city, PennDOT, and SEPTA. By fall 2026, the Boulevard Today phase will add dedicated bus lanes and safer crossover intersections, improving service for six bus routes that serve nearly 20,000 riders daily.
Showcasing cultural attractions
Two of Philadelphia’s most iconic institutions are reinventing themselves in time for the spotlight. The Philadelphia Zoo will debut its largest renovation in a decade — a $20 million transformation of its bear habitat, complete with climbing structures, heated pools, and overhead tunnels that let animals roam overhead. Named “Bear Country,” the immersive exhibit will include glass viewing areas for up-close encounters and support conservation efforts.
Meanwhile, The Franklin Institute is collaborating with Universal Destinations & Experiences to launch a blockbuster 16,000-square-foot exhibit on theme park science and design. Featuring replicas, models, and interactive elements, the exhibit will explore the engineering and creativity behind attractions like Jurassic Park and Harry Potter. It’s scheduled to open in early 2026 and will tour North America after its world premiere in Philly.
Revamping the business climate: A push for tax reform
While Philadelphia gears up for a historic influx of visitors, city leaders are also working to make it a more attractive place to do business long-term. A newly released proposal from the Tax Reform Commission, echoed in Mayor Cherelle Parker’s latest budget, calls for gradually phasing out the Business Income and Receipts Tax (BIRT) and reducing the wage tax over the next decade. Supporters say the changes could boost job growth, retain small businesses, and make the city more competitive.
But not everyone’s convinced. Some critics worry the reforms could shift the tax burden to property owners or reduce funding for key services if federal dollars dry up. Still, the effort reflects a broader push to position Philadelphia as a long-term hub for business growth and investment.
Developing skills for a growing economy
As the region prepares for hosting world events, the city is investing in workforce development to ensure residents are equipped to meet the demands of these opportunities. Mayor Cherelle Parker’s proposed One Philly 2.0 budget, which includes a $10 million allocation for workforce initiatives, consolidates efforts under the City College for Municipal Employment (CCME) to streamline training and employment services.
Additionally, Philadelphia has been designated a White House Workforce Hub, aiming to provide high-quality training and employment opportunities in infrastructure and construction. Organizations like Philadelphia Works continue to develop smart workforce solutions that respond to business needs and increase economic opportunities for all residents.
Beyond 2026: Building a lasting global brand
Philadelphia is laying the groundwork to establish itself as a global business hub for the years to come. Organizations like the World Trade Center of Greater Philadelphia as well as upcoming events such as the Global Business Forum are helping to drive innovation, commerce, and meaningful cross-border partnerships, solidifying Philadelphia’s reputation as a leading global business hub.
Additionally, Philadelphia International Airport and Northeast Philadelphia Airport are investing over $542 million in airport enhancements, including terminal upgrades and new international routes to Central and South America, Africa, and the Middle East to accommodate increased global traffic.
At the same time, the city is seeing a resurgence as a cruise destination. Norwegian Cruise Line will bring two ships to PhilaPort in 2026, offering routes to Bermuda, the Caribbean, and Canada. To support this growth, the port is investing in upgrades and exploring plans for a permanent terminal. If cruise operations continue to expand, they could generate over $40 million in annual tax revenue and more than 2,000 jobs by 2028.
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