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6/9/2014

Governor Corbett Announces Hay Group Expansion in Philadelphia, Creating 65 New Jobs

News for Immediate Release

June 9, 2014

Governor Corbett Announces Hay Group Expansion in Philadelphia, Creating 65 New Jobs

Harrisburg Continuing to advance his JOBS1st PA initiative, Governor Tom Corbett today announced that Hay Group, a management consulting firm, will expand operations to include a solutions lab and technology hub in Philadelphia, a move that will create 65 new jobs.

“As our economy continues to flourish, companies are choosing Pennsylvania as the best place to grow their businesses and create family-sustaining jobs. Today we are proud to partner with Hay Group to add 65 new jobs in Philadelphia,” said Corbett. “It’s a testament to our improved business climate and tremendous pool of dedicated and talented workers who ready to tackle the jobs of today.”

Hay Group will expand its current headquarters in Philadelphia – at a new location, 1650 Arch Street – to include a solutions lab and technology hub for development and manufacturing of web-based applications. The company plans on investing more than $4.3 million at the new site and has also committed to creating at least 65 new jobs and retaining 185 more positions over the next three years.

The company received a funding proposal from the Department of Community and Economic Development including a $150,000 Pennsylvania First Program grant that facilitates investment and job creation and $130,000 in Job Creation Tax Credits. Hay Group has accepted the funding proposal, but must still apply for each program and agree to the terms prior to award receipt.

“Hay Group’s headquarters has been based in Philadelphia since 1943, and we are excited to continue building upon our rich history in the city,” said Hay Group CEO Stephen Kaye. “Our new space will be a progressive one in which we can continue developing solutions and technologies that will help our clients flawlessly implement their strategies and drive business results.”

The project was coordinated by the Governor’s Action Team, an experienced group of economic development professionals who report directly to the Governor and work with businesses that are considering locating or expanding in Pennsylvania in collaboration with the City of Philadelphia.  

“The Hay Group’s decision to expand and create 65 new jobs in our city is just the latest example in a long line of companies choosing to start, stay and grow in Philadelphia,” said Mayor Michael A. Nutter. “Philadelphia continues to grow jobs, reduce unemployment, and attract new businesses driven by a highly talented workforce, an increasingly competitive tax environment, and a city government committed to helping companies expand and hire in our city.”

Founded in 1943, Hay Group is a global management consulting firm offering leadership and talent services, capability assessment, leadership transformation, talent management, rewards services, strategic performance management services and employee surveys. It serves a multitude of industries, including but not limited to the aerospace and defense, healthcare, retail, chemicals, communications and media, education, financial services, healthcare, life sciences and technology sectors.

For more information on Hay Group visit www.haygroup.com.

In 2012, Gov. Corbett launched JOBS1st PA as a comprehensive roadmap to economic recovery that harnessed the state’s resources and talents to prioritize private-sector job creation and retention. Today, Pennsylvania's unemployment rate stands at a five-year low and jobs have been growing on a consistent basis for nearly four years.

For more information about Corbett’s commitment to job creation, visit www.pa.gov.

Media contacts:

Valerie Caras, Governor’s Office; 717-783-1116

Lyndsay Kensinger, DCED; 717-783-1132

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