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King of Prussia’s Discovery Labs Now Fully Owned by MLP Ventures
In a real estate deal worth roughly $100 million, MLP Ventures has bought its partners out of their interest in the Discovery Labs in King of Prussia, writes Natalie Kostelni for the Philadelphia Business Journal. The deal included four separate transactions for individual parcels that have been subdivided as commercial condominiums. The entire property was…
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Valley Forge Tourism & Convention Board Looks Ahead to Strong 2021, Recaps Tough 2020
As the Valley Forge Tourism & Convention Board (VFTCB) strategizes ways to reinvigorate the hospitality industry – and stimulate economic impact and jobs for Montgomery County, PA in 2021 – the organization’s staff is also looking back at what was accomplished in 2020, despite challenges due to COVID-19. “Last year tested and humbled us in…
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Hatfield-based CurveBeam Helped Track Progress on President Biden’s Broken Foot with Specialty Medical Device
In December, Hatfield-based CurveBeam helped track the progress of President Joe Biden’s broken foot with its unusual medical device that allows the taking of CT scans while standing upright, writes Terri Akman for The Philadelphia Inquirer. When Biden fractured his foot in November while playing with one of his dogs, he had to wear a…
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Customers Bank in Top Ten of Best Online Banks of 2021
Customers Bank was recently identified as one of the “Best Online Banks of 2021” by Bankrate, finishing among the top 6th position. Bankrate provides consumer and commercial audiences with unbiased analysis of rate information, industry news, and knowledge to make informed financial decisions then reviewed thousands of data points to determine the best banks in…
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Despite Experiencing 500 Cancellations, Glenside Farm-to-Table Catering Company Found Way to Survive During Pandemic
Despite experiencing 500 cancellations of planned events, Seedling & Sage, a Glenside “farm-to-table” catering business, found a way to survive during the pandemic, writes Len Lear for the Chestnut Hill Local. Started by Melissa McDevitt and Laura Kidwell in 2014, the catering company has grown into a multi-million dollar business with three exclusive properties in…
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Joe Biden Nominates Dr. Rachel Levine for Assistant Health Secretary Post
Pennsylvania’s health secretary, Dr. Rachel Levine, has been nominated by Joe Biden to be his next assistant health secretary, writes Kennedy Rose for the Philadelphia Business Journal. She would be the first openly transgender official to be confirmed by the Senate, if approved. Levine has taken on praise and criticism in her response to contain…
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Billionaire Financial Trader Shows Buyer’s Remorse Over Financial Support of Republican Politicians Who Denied Biden Won Presidency
Jeff Yass, a Bala Cynwyd billionaire financial trader and one of the biggest donors to politicians in the country, is feeling betrayed by some of the Republican politicians he supported with massive donations after they later called the presidential election stolen, writes Joseph N. DiStefano for The Philadelphia Inquirer. Over the past six years, Yass…
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Madelange Laroche Bridal Studio in Elkins Park Turns Brides’ Visions Into Stunning, One-of-a-Kind Wedding Dresses
Madelange Laroche Bridal Studio in Elkins Park offers brides a chance to turn their visions for their special day into one-of-a-kind wedding dresses, according to NBC 10 Philadelphia. The Black and woman-owned bridal studio was opened by Madelange Laroche at the height of the pandemic. In fact Laroche had dreamed of having her own bridal…
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Reuniting Families Bail Fund Facing Additional Barriers in Montco
Despite managing to raise $100,000 since its inception in November 2019, the Reuniting Families Bail Fund has had slow progress in fulfilling its mission in Montgomery County, writes Samantha Melamed for The Philadelphia Inquirer. Heather Lewis is the driving force behind the first community bail fund that serves the Philadelphia suburbs. The fund is rooted…
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Kathy Hacker, Wynnewood Resident and Longtime Writer and Editor of The Philadelphia Inquirer, Passes Away Aged 71
Kathy Hacker, a Wynnewood resident and a longtime writer and later editor of The Philadelphia Inquirer, died on January 12 aged 71, writes Gary Miles for The Philadelphia Inquirer. Hacker fell in love with writing in high school, where she wrote for the school newspaper and yearbook. She graduated from Ephrata High School as a…
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New Age Industries in Southampton Touted by Biden Aide as Model for Worker-Owners
New Age Industries’ 135-worker plant in Southampton, Bucks County is being cited as an example of employee stock ownership plans by Jared Bernstein, a top economic adviser to President-elect Joe Biden, writes Joseph N. DiStefano for The Philadelphia Inquirer. ESOPs are worker-owned and enjoy several meaningful tax advantages over for-profit companies. In his report for…
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COVID-19 Watch: Montgomery County Reports Spike in New Cases
Montgomery County officials and the Office of Public Health have reported 2,233 new positive cases of COVID-19 between January 13-19th, bringing the total number of confirmed COVID-19 cases to 39,880 countywide since March 7, 2020. There are currently 347 Montgomery County residents hospitalized due to severe COVID-19 symptoms. Of those COVID-19 patients, 45 are on…
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Dave Portnoy at Barstool Sports Throws a Lifeline to Local Bars and Restaurants
The local owner of a Philadelphia pub and a Media bar are getting a new financial lease on life as they navigate through the pandemic, thanks to a crowdfunding project of David Portnoy, creator of the popular sports blog, barstoolsports.com. Portnoy set up The Barstool Fund to provide money to small business, mostly restaurants and…
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Finish That Degree: Chestnut Hill College Makes Education Affordable
A college education is one of the best investments you can make toward your future, yet concerns regarding college affordability are real. These concerns and worries can prohibit students from obtaining a college degree, accomplishing their educational goals, and reaching their dreams. Chestnut Hill College (CHC) makes a college education affordable through financial aid, scholarships,…
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Bloomberg: When College Coaches Go Low (Fashion), Main Line Tailor Loses Money
Gabriele D’Annunzio, owner of D&B Tailors on the Main Line, isn’t keen on the latest fashion trends for college basketball coaches, writes Eric Olson for AP, as reported at Bloomberg.com. Villanova University’s Head Coach Jay Wright has switched up his look, much to D’Annunzio’s chagrin. As Wright’s tailor, switching to more casual dress has meant…
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YAY! THEY’RE HERE: Girl Scout Cookies Make Their Way to Montco, Including the New Toast-Yay Cookie
Nearly 1,500 cases of Girl Scout cookies arrived at Camp Shelly Ridge in Montgomery County last week, according to NBC 10 Philadelphia. With the pandemic making the Girl Scouts’ cookie-selling mission a little tougher this year, it includes virtual cookie booths on social media and online ordering from a website that will go live on…
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Screening Students for Covid-19: Doylestown Laboratory Research Company Partners with Neumann University
FlowMetric Life Sciences, a Doylestown laboratory research company, is partnering with Neumann University in Aston to screen returning students for COVID-19, writes John George for the Philadelphia Business Journal. FlowMetric is taking its mobile COVID-19 testing to the school’s campus this week to provide free tests for up to 520 residential students to help protect…
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Plymouth Meeting-based Accolade’s Plan to Acquire 2nd.MD Send Its Stock Surging
Plymouth Meeting-based Accolade saw its stock surge by nearly 10 percent after agreeing to acquire Texas-based 2nd.MD in a deal that is valued at up to $460 million, writes John George for the Philadelphia Business Journal. Accolade is a technology and health care concierge company founded in 2007. It helps people navigate sometimes extremely complex…
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