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Hamilton Lane Reduces Office Space Use at Seven Tower Bridge, Plans to Sublet in Light of Pandemic
In response to the changes in office space usage during the coronavirus pandemic, Hamilton Lane is planning to reduce its footprint at Seven Tower Bridge, the 14-floor building currently being constructed in Conshohocken, writes Natalie Kostelni for the Philadelphia Business Journal. The investment firm signed a deal to occupy the top five floors of the…
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Horsham-Based Clinical Ink Acquired By Private Investment Firm, Funds Will Fuel Next Stage of Growth
Horsham-based Clinical Ink has been acquired by GI Partners, a private investment firm, and is planning to use the funds from the sale to fuel its next stage of growth, writes John George for the Philadelphia Business Journal. Financial terms of the deal have not been disclosed. The clinical trials technology company’s previous lead investor,…
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For Montgomery County Contact Tracers Spreadsheet Is Main Weapon to Stay on Top of COVID-19 Case
Montgomery County contact tracers, including Neil Lader, use a spreadsheet as the main weapon in their efforts to stay on top of every COVID-19 case in the county, writes Laura Benshoff for the WHYY. Each morning, Lader opens up a spreadsheet with a list of names and data points and embarks on another busy day…
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Black-Owned Electro Soft in Montgomeryville Seeing Benefits from Nationwide Justice Movement
Electro Soft, the Montgomeryville-based, minority certified contract manufacturer of electronics equipment, is one of the black-owned companies around the country that is finding new opportunities from the nationwide justice movement, writes Gene Marks for The Philadelphia Inquirer. This movement has pushed many major companies in the country to prioritize diversity not only in their hiring…
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Video of Malvern Teen Swinging Golf Club for First Time After Stroke Lands on ESPN
In 2014, Kendall Kemm from Malvern lost the use of her left hand after having a stroke, according to a report from CBS3 Philly. Now, a video of the 16-year-old swinging a golf club with one hand for the first time in six years has gone viral. It has even aired on ESPN. . Click…
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Save Money, Support Local Businesses with King of Prussia District’s ‘Get More, KOP’s Gift Card Flash Sales
King of Prussia District is launching its “Let’s Go, KOP” campaign with “Get More, KOP,” which is a series of flash sales of upgraded gift cards for participating King of Prussia businesses. Each $25 gift card purchased on VisitKOP.com during the promotion will be upgraded with an additional $10 by King of Prussia District. The…
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To Avoid Default, Owner of Willow Grove Park, Plymouth Meeting Mall Trimming Executive Salaries
As part of a deal with lenders to stave off default, PREIT, owner of Willow Grove Park and Plymouth Meeting Mall, is paring back executive salaries and suspending dividend payments, writes Jacob Adelman for The Philadelphia Inquirer. The company has reduced the salaries of its chief executive and chief financial officer by 25 percent. The…
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Montgomery County Office of Public Health Official Provides Tips on How to Deal with Tick Bites
Montgomery County has been a hot zone for the blacklegged tick, the primary carrier of Lyme disease, for at least a decade, writes Megan Frank for PBS39. “I’ve gone out and found 50 ticks in a small area,” said Steve Gerloff, environmental field services supervisor for the Montgomery County Office of Public Health. Gerloff collects…
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Neumann University Offers Virtual Course on Kobe Bryant’s ‘Mamba Mentality’
Neumann University’s Caleb Mezzy, a professor of sport management, is teaching a new course this fall, entitled “Embrace the Mamba Mentality.” Designed around the philosophy of former NBA superstar Kobe Bryant, the three-credit course focuses on an analysis of the Mamba Mentality and its application beyond the realm of sports. Bryant, who died tragically on January 26, 2020, left behind a legacy…
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Philadelphia among Three U.S. Places with Youngest Entrepreneurs
Philadelphia is one of the top three cities nationwide with the youngest entrepreneurs, according to a new study by LendingTree, writes Emily Canal for the INC.com. To determine places with the youngest business founders, LendingTree compared the age of founders when they launched their businesses in the nation’s 50 largest metropolitan areas. Philadelphia is in…
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Despite Nationwide Jump, Sales of Alcohol Stagnate in Pennsylvania
Despite a significant jump in sales of alcohol nationwide during the pandemic, sales of adult beverages in Pennsylvania have been relatively stable during this time, writes Patrick Gleason for Forbes. Spirits retail sales in control states increased by 19.6 percent in June compared to the previous year. According to the new report by the National…
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From Unexpected Dance Invitation to Golden Anniversary for Collegeville Couple
Paula and Joe Pezzano of Collegeville have been married for 50 years, but it was her who had to take the first step and ask him to a dance – an unexpected but welcomed move in the 1960s, writes Kellie Patrick Gates for The Philadelphia Inquirer. The pair dated for a few years before marrying…
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Coatesville-Based Wedding Photographers Change Their Business Model to Survive Pandemic
After the pandemic devastated their business, Coatesville-based wedding photographers Grace and Matt Rauppius were forced to change their business model to survive, writes Fran Maye for the Daily Local News. The couple went from working around 70 weddings a year to three so far in 2020. However, with the federal unemployment stimulus expiring, they decided…
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Ruth’s Chris Steak House in King of Prussia Another Victim of COVID-19 Pandemic
As a result of the ongoing coronavirus pandemic that is decimating the nation’s restaurant industry, Ruth’s Chris Steak House in King of Prussia has closed its doors for good, writes Kennedy Rose for the Philadelphia Business Journal. The restaurant temporarily closed in March, but the downturn has ultimately led to the closure becoming permanent, according…
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Whitpain Agrees to Acquire Mermaid Lake Swim Club, Preserve It As Recreational Facility
Mermaid Lake Swim Club, which was slated for development as a residential community, will instead be acquired by Whitpain Township and remain a recreational facility, writes Natalie Kostelni for the Philadelphia Business Journal. The township officials reached an agreement with Metropolitan Development Group to buy the property for $8.2 million and maintain it the same…
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One Catherines, Four Justice Stores Closing in Montgomery County in Ascena Retail Group Bankruptcy
Ascena Retail Group will close 1,100 stores within its portfolio as part of its bankruptcy, including five in Montgomery County, writes Tristan Navera for the Philadelphia Business Journal. The parent company of Justice, Catherines, Lane Bryant, Loft, Ann Taylor, and Lou & Gray filed for Chapter 11 bankruptcy protection last week. Currently, it has around…
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Harmony Biosciences Looking to Raise $100 Million in IPO to Study Key Ingredient in Wakix
Plymouth Meeting-based Harmony Biosciences, which markets the drug Wakix for patients with narcolepsy, is planning to raise $100 million with an initial public stock offering, writes John George for the Philadelphia Business Journal. The company received approval from the Food and Drug Administration to use Wakix as a treatment for the sleep disorder in August…
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Bala Cynwyd Clinical Psychologist Talks Doomscrolling, Emphasizes Importance of Setting Time Limit
Dr. Rob Hindman, a clinical psychologist at the Beck Institute for Cognitive Behavior Therapy in Bala Cynwyd, believes setting a time limit when doomscrolling – or continuously scrolling through bad news – is important to avoid being enveloped in feelings of fear and anxiety, writes Megan Frank for PBS39. “One story is going to lead…
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