Aramark will Keep its Global Head Quarter in Philadelphia; Its Home Since 1961

Philadelphia will continue to be Aramark's home base.

The food and facilities services company has decided to keep its headquarters in the city which has been its home for fifty five years, since 1961. Earlier speculations said that the company might shift its base to another city which would move out jobs and of course the prestige along with it.

Aramark was considering shifting as its lease expires in 2018. However, several positive factors offered by Philadelphia, made it decide otherwise. Advantageous factors like talent supply, business costs, overall business environment , transportation facilities and others made the company decide to stay in the city said communications chief Tod MacKenzie.

He said, "It really was the aggregate or collection of things. The bucket tipped heavily to Philadelphia's and Pennsylvania's side."

However, the company still has not decided if it will keep its global headquarter at the 1101 Market St. or shift to another building.

Governor Wolf called the decision "good news for our workforce and Pennsylvania's overall economy. We look forward to continuing to work with Aramark through their site selection process."

MacKenzie said that the city officials have offered the company certain financial and other incentives to stay back but did not elaborate on the issue.