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Originally Posted by philatonian
PayPal is pulling out of Charlotte and said their backups were Arizona and Florida. If Philadelphia wants to be on the innovation map, we need to be on the radar for these kinds of decisions.
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Am I correct in understanding that this Paypal thing is a back office processing center? Or is it a tech development center? Or both?
Because if it's just a processing center, I don't think we have lost this opportunity because we lack the tech credentials of Arizona or Florida or Charlotte. Nor do I imagine landing this facility would put us on the "innovation map". It seems to me Paypal is maybe just looking for the cheapest non-religious extremist state in which to put a back-office processing center that doesn't really require a local population with high level tech skills.
As I understand it, processing centers usually employ largely workers with clerical and lower end tech skills, in places they can afford to live, like North Dakota and Guam.
It'd be nice to get jobs like this for the less skilled in our region, but hosting back office processing is not an indication of a region's innovative prowess, so far as I know.
Quote:
Originally Posted by philatonian
Drexel's Schuylkill Yards looks great on paper, but what is it doing to field the tenants that would fuel its construction?
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I don't think John Fry is envisioning Schuylkill Yards to be a gleaming complex of high rise back office processing factories. I think the point if the Schuylkill Yards is to be a place where innovation is created by cutting edge tech talent, not where that technology is operationalized by low level worker bees, which is what I think Paypal's center will be. The Schuylkill Yards buildings will likely be too expensive to profitably house space-gobbling back office operation warehouses. Back offices operation centers are normally best suited to buildings with few floors, enormous floor plates, huge parking aprons - i.e., buildings not typically suitable to CBD development sites like Schuylkill Yards is supposed to be.
Note: Regardless, Paypal deserves a lot of credit for airing their decision to pull out of NC for this reason. Hard to imagine a company like Exxon or GM would do likewise.