Governor Josh Shapiro and Mayor Cherelle Parker Secure $370M Burlington Stores Headquarters Relocation to Philadelphia

PHILADELPHIA — Pennsylvania Governor Josh Shapiro and Philadelphia Mayor Cherelle Parker stood alongside corporate executives on Thursday to announce a landmark interstate economic development agreement that will relocate the global corporate headquarters of Burlington Stores Inc. to West Philadelphia. The Fortune 500 national off-price retailer will invest three hundred and seventy million dollars to establish its new corporate campus within the Schuylkill Yards mixed-use innovation district, delivering up to two thousand high-wage corporate jobs to the city over the next five years.

The relocation marks the conclusion of Burlington Stores' fifty-year tenure headquartered in Burlington Township, New Jersey. The corporation's new regional base will occupy extensive newly constructed office space adjacent to William H. Gray III 30th Street Station, placing its executive, digital merchandising, supply chain, and administrative divisions directly along the Northeast rail corridor. The transition represents one of the largest corporate headquarter recruitments into Philadelphia's municipal core in decades.

To secure the relocation against competing bids across the Mid-Atlantic, Pennsylvania state agencies and the City of Philadelphia coordinated an aggressive, multi-layered economic incentive portfolio totaling thirty-seven million dollars. The Commonwealth's Department of Community and Economic Development committed performance-based capital grants, Job Creation Tax Credits, and workforce training subsidies tied to verified job milestones, while the city provided structured municipal tax abatements and localized transit improvement assistance.

Governor Shapiro framed the deal as a testament to Pennsylvania's aggressive statewide economic competitiveness strategy, which aims to streamline regulatory approvals and actively recruit major commercial enterprises into the Commonwealth. The governor emphasized that Pennsylvania is open for business, highlighting that the state's strategic location, top-tier university research network, and coordinated executive leadership provide national corporations with the ideal environment for long-term expansion.

Mayor Parker celebrated the announcement as a transformative boost for Philadelphia's post-pandemic commercial tax base and neighborhood employment ecosystem. Parker stressed that retaining and attracting corporate anchors to the Schuylkill Yards transit hub generates significant multiplier effects, spurring foot traffic for local small businesses, increasing wage tax revenues to support municipal services, and generating diverse vocational opportunities for city residents across construction, facilities management, and administrative support.

Economic analysts noted that the cross-border relocation intensifies regional competition between Pennsylvania and neighboring states seeking to attract national retail and technology headquarters. Philadelphia civic and business organizations praised the unified coordination between state and municipal leadership, asserting that the arrival of Burlington Stores underscores West Philadelphia's emergence as a premier national corridor for corporate headquarters, life sciences, and urban transit-oriented development.