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Philadelphia Shipyard to Build South Korean Nuclear Submarines After U.S. Technology Deal
President Donald Trump announced last month on social media that the United States will share its nuclear submarine propulsion technology with South Korea, which plans to construct its submarines at the Philadelphia Shipyard, writes Justin Katz for Breaking Defense. “South Korea will be building its Nuclear Powered Submarine in the Philadelphia Shipyards, right here in…
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Rising Health Insurance Costs Loom for Philadelphia as Federal Aid Ends
Nearly 500,000 Pennsylvanians could be facing sharp increases in their health insurance costs next year as the federal assistance that has been helping keep premiums affordable is now coming to an end, write Ryan Deto, Isaac Avilucea, and Sabrina Moreno for AXIOS Philadelphia. As open enrollment for Pennsylvania’s health insurance marketplace starts on Saturday, the…
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Vacant Pharmacy Locations Offer Prime Opportunity for Philadelphia’s Grocers
As many retail spaces that were formerly occupied by struggling national pharmacy chains hit the market across Philadelphia, grocers are viewing them as ideal spots to grow their footprint, writes Noah Zucker for BisNow. A former Walgreens space located at Broad and Snyder streets in South Philadelphia will soon become a Met Fresh supermarket. The…
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How Secret Meetings at Carpenters’ Hall in Philadelphia Helped Secure America’s Independence
A secret meeting between Benjamin Franklin and French spy Julien-Alexandre Achard de Bonvouloir at Carpenters’ Hall in 1775 helped bolster America’s fight for independence, writes Michaela Althouse for PhillyVoice. At the time, American colonists wanting to break away from Great Britain were gathering resources and preparing to fight for freedom. A pressing question was whether…
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David Fajgenbaum, Penn Immunologist Who Repurposed a Drug to Save His Own Life, Wins John Scott Award
David Fajgenbaum, a Penn Medicine immunologist who gained notoriety for saving his own life by repurposing an existing drug, has won the prestigious John Scott Award, writes Sarah Gantz for The Philadelphia Inquirer. He will be presented with the award, one of the oldest science awards in the United States, and the accompanying $10,000 cash…
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At Philadelphia-Based Honeygrow, AI is Proving to Be a Game-Changer
Back in 2012, honeygrow opened its first location at 16th and Sansom streets in Center City Philadelphia. Founder Justin Rosenberg wanted to create a new space that brings people together with high quality, wholesome, and simple foods. Since its opening, honeygrow has become known for its stir-fry, salads, and honeybars. Fast forward to more than…
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Philadelphia Neighborhood Spellings That Sometimes Trip Up Even Lifelong Residents
Philadelphia is a city of neighborhoods and a rich history. The latter point has led to several street and neighborhood names that may stumble even lifelong residents, let alone visitors and even autocorrect, writes Jim Smithton for Philly Bite Magazine. There are four locations in particular that often stumbles people when it comes to its…
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Stateside Vodka Takes Anheuser-Busch to Court, Accusing Beer Giant of Copying Surfside Brand
Philadelphia-based Stateside Vodka is suing Anheuser-Busch InBev, claiming the company’s recently launched canned cocktails copied the design of its highly successful Surfside brand, writes Emma Dooling for the Philadelphia Business Journal. The lawsuit was filed earlier this week in the U.S. District Court for the Eastern District of Pennsylvania. The local spirits company claims that…
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This Philadelphia Program Has Helped 1,000 Local Homeowners Complete Their Wills
The Will Power Program was launched in 2022 to provide free real estate planning to Philadelphia’s low-income homeowners. Three years later and the program has just helped its 1,000th Philadelphia homeowner with their will and other related legal documents, writes Aaron Moselle for WHYY. Debby Freedman, executive director of Community Legal Services, spoke on the…
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Philly Entrepreneur Maya Nazareth to Pitch Apparel Company Alchemize Fightwear on ‘Shark Tank’
Philadelphia entrepreneur Maya Nazareth is set to appear on Season 17 of Shark Tank, where she will pitch her apparel company, Alchemize Fightwear, writes Stephanie Arnold for the Philadelphia Business Journal. Her approach for the episode, where she faced celebrity investors Kendra Scott, Lori Greiner, Kevin O’Leary, Daymond John, and Alexis Ohanian, was to focus…
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Philadelphia Eagles Now Second-Most Valuable NFL Franchise
The Philadelphia Eagles are now the second-most valuable franchise in the NFL after their Super Bowl-winning season, writes John George for the Philadelphia Business Journal. The team’s value jumped 10 percent from last year. London-based valuation and strategy consulting firm, Brand Finance, which did the analysis, values the Eagles’ brand at $1.3 billion. The Philadelphia…
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Archdiocese of Philadelphia to Relocate from Headquarters After More Than 50 Years
The Archdiocese of Philadelphia will be moving from its headquarters of more than a half-century early next year, writes Paul Schwedelson for the Philadelphia Business Journal. The Archdiocese just recently signed a new long-term lease for 80,000 square feet at the Three Parkway building in Philadelphia. The new location is just a block away from…
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Meet the Lawyer-Restaurateur Building a Growing Southern Comfort Food Restaurant Chain
Five years ago, Kevin Kelley was working as a litigator in Dallas in a 10,000-square-foot space on the ground floor of his building, which had been vacant for about a year. As a result of the pandemic and no takers of the building, he decided to build it out as a restaurant serving Southern comfort…
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Newly Retired Adm. Tom Anderson Takes New Role to Restore Navy Shipbuilding in Philadelphia
Newly retired Rear Adm. Tom Anderson has assumed a role aimed at restoring Philadelphia as a Navy shipbuilding hub, decades after the Philadelphia Naval Shipyard closed during post-Cold War military reductions, writes Joseph N. DiStefano for The Philadelphia Inquirer. Anderson joined Hanwha Defense USA on October 6 as president of shipbuilding. In this position, he…
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Philadelphia Finance Veterans Launch $50M Community Bank Fund Through Epta Capital Management
Epta Capital Management, founded by Philadelphia finance veterans Jay Goldstein and Bob Marino, has launched a $50 million fund to support community banks, writes Jeff Blumenthal for the Philadelphia Business Journal. Epta is targeting minority stakes in “leading community banks” with assets between $500 million and $5 billion. The firm aims to provide growth capital…
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Why Did Jordan Brand Choose Philadelphia for First World of Flight Store in the U.S.?
Earlier this month, Philadelphia joined Beijing, Milan, Seoul, and Tokyo as the only cities with a Jordan Brand World of Flight location, writes Ian Servantes for WWD. Each of the global cities are among the most shoppable in the world, and Jordan Brand is speaking out on why it chose Philadelphia as the first U.S.…
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Philadelphia Named Among Best Cities for Poker Players to Live
For individuals who are regular poker players, a new ranking of the best cities to live has been unveiled and Philadelphia is near the top, writes Paul Seaton for Legal U.S. Poker Sites. According to the new rankings, Philadelphia is the second-best city for poker players to live. The city trails only Las Vegas for…
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Aramark Signs Systemwide Contract Covering Food, Other Services with Penn Medicine
Aramark, based in Philadelphia, has entered into a systemwide agreement with the University of Pennsylvania Health System to provide food and additional services, writes Harold Brubaker for The Philadelphia Inquirer. The contract is Aramark’s largest in the United States and the second-largest in the company’s history. “We are honored to partner with a world-renowned health…
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