If metro Philadelphia has grown more slowly than the world financial and communications center of New York or the government-fueled defense and technology industries surrounding Washington, its service companies have kept the region prosperous while other manufacturing centers such as Pittsburgh and Detroit have stagnated.
Some of the biggest local players clearly have roots in the region's industrial past. Less clear is which of today's big firms contain the seeds for growth in the next generation.
Among the service companies with national reach and local roots:
The Vanguard Group Inc., the largest mutual fund complex, started as an arm of a Philadelphia investment firm in 1973. Founder John Bogle, now retired, won free publicity for his fledgling firm with his folksy, frugal approach to retailing stock and bond funds. His successor,
John Brennan, has expanded and diversified the company's product list. Vanguard employs nearly 9,000 people in offices along U.S. 202 near Malvern, making it the largest employer in wealthy Chester County.
Comcast Corp., the largest cable television company, grew out of a 1960s-era investment portfolio assembled by Wharton School graduate Ralph Roberts, a New Yorker who married into a Philadelphia business family. Deal-maker Roberts more than held his own in tough negotiations with media powers in New York and Los Angeles, regulators in Washington, and merger targets and governments in hundreds of local markets. His son and successor, Brian, has made Comcast a power in telephone and Internet service.
Its glass-walled office tower is Philadelphia's tallest building, topping rival Verizon Communications Inc.'s red high-rise next door.