WHEREAS, Philadelphia will celebrate Microeconomic Development Week on this 41st Anniversary of the City’s first MED Week, which was first launched in 1984; and
WHEREAS, This year’s MED Week is co-chaired by the African American Chamber of Commerce, Asian American Chamber of Commerce of Greater Philadelphia, Greater Philadelphia Hispanic Chamber of Commerce, Independence Business Alliance, the Mayor’s Office of Business Impact and Economic Advancement, and the City of Philadelphia Commerce Department. The event is also sponsored by corporations, local colleges, universities, hospitals, local and regional government agencies, and organizations that are committed to supporting opportunities for small and local businesses; and
WHEREAS, During MED Week, the City of Philadelphia will recognize the critical role of
the Office of Business Impact and Economic Advancement and
the Office of Economic Opportunity in assisting departments in fostering economic opportunity for all; and
WHEREAS, Small businesses in Philadelphia and across the country are the cornerstone of economic growth, creating two-thirds of net new jobs in the country and comprising nearly 50% of America’s employment; and
WHEREAS, Local businesses in Philadelphia, the vast majority of which are also small businesses, are a key component to the City’s business ecosystem; and
WHEREAS, Ensuring access to sources of capital, technical resources, and contracting opportunities are essential to the development, growth, and prosperity of businesses in Philadelphia; and
WHEREAS, Philadelphia MED Week has grown exponentially since its inception, offering more than 30 workshops, seminars, and networking opportunities across the region;
now, therefore, be it
RESOLVED BY THE COUNCIL OF THE CITY OF PHILADELPHIA, Hereby recognizes October 6 through October 10, 2025 as Philadelphia Microeconomic Development Week, which provides critical information, resources, opportunities, and inspiration to the business community.
FURTHER RESOLVED, That an Engrossed copy of this Resolution be presented to the Philadelphia MED Week Committee as evidence of the strong support and sincere sentiments of this legislative body.
End