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Philadelphia Poverty Rate Drops Below 20 Percent for First Time Since 1979
Philadelphia is no longer the poorest big city in the United States, as the city’s poverty rate has dropped below 20 percent for the first time since at least 1979. However, that is not all cause for celebration, write Nate File and John Duchneskie for The Philadelphia Inquirer. According to new U.S. Census Bureau data,…
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Philadelphia is Prime Destination This Fall for Arts
Philadelphia has emerged as the prime destination in the United States this fall for everything new, historic, and vibrant happening across the arts, writes Chadd Scott for Forbes. Calder Gardens will open September 21 at 2100 Benjamin Franklin Parkway. Named after Philadelphia native and acclaimed sculptor Alexander Calder, the site blends art, culture, environmental awareness,…
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Philadelphia Experiencing Tech Renaissance, Leveraging Local Talent and Global Vision
Philadelphia is experiencing a tech renaissance, becoming a hub increasingly recognized worldwide for its innovation and local talent, writes Grace Francisco for Technical.ly. The city has a $76 billion ecosystem value, well above the global average, and recorded $3.3 billion in VC funding in 2024, up 37.5 percent year over year. Philadelphia also ranks No.…
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Penn Medicine Opens New $376 Million Research Center in Philadelphia
Penn Medicine officially recently opened a new research center, a $376 million project that has added eight floors to a seven-story office building housing the Hospital of the University of Pennsylvania, writes John George for the Philadelphia Business Journal. The new levels at 3600 Civic Center Boulevard house teams from the Colton Center for Autoimmunity…
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Philadelphia’s Wealthiest ZIP Codes Continue to Be Concentrated Around Center City
The greatest wealth in the Philadelphia region still remains concentrated around Center City, as affluent urban ZIP codes dominate the list of the area’s wealthiest ZIP codes, writes Todd Romero for the Philadelphia Business Journal. The latest ranking of the wealthiest ZIP codes is based on several factors, including per-capita income, home values, equity, savings,…
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SEPTA Requests Up to $394M Bailout to Address Funding Gap That Caused Drastic Service Cuts
SEPTA has requested a bailout of up to $394 million last week to address a funding gap that resulted in drastic service cuts, writes Sri Taylor for Bloomberg. SEPTA officials asked the Pennsylvania Department of Transportation to authorize the one-time use of its state capital assistance funds to cover a $213 million budget deficit. This…
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Philadelphia’s First of Its Kind Pilot Program, Which Gives Cash to Struggling Renters, Proves Effective
The PHLHousing+ program, a first of its kind in the nation, which gives no-strings-attached cash to struggling renters, is proving to be effective, writes Michaelle Bond for The Philadelphia Inquirer. The program was launched in the fall of 2022. Since then, Philadelphia has been giving cash to 301 households randomly selected from wait lists for…
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How This Chestnut Hill Catholic School Has Rebounded Two Years After Devastating Fire
In 2023, a three-alarm fire destroyed the inside of Our Mother of Consolation Parish School in Chestnut Hill. However, more than two years of fundraising, hard work, love, and resilience from its students and staff has helped the school get back on its feet, writes Kristen A. Graham for The Philadelphia Inquirer. The school recently…
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Graffiti Pier’s Future Remains In Limbo More Than a Year After Improvement Plans Were Announced
The future of Graffiti Pier is no more clear now than it was a year ago when plans were announced to improve the Port Richmond pier, writes Steve Keeley for FOX 29 Philadelphia. Last year, it was announced that there would be a sale and transfer of the pier from Conrail to the Delaware River…
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NFL Films Releases New Documentary Highlighting Super Bowl-Winning Philadelphia Eagles
NFL Films has released its latest “America’s Game” documentary and it highlights the most recent Super Bowl champions, the Philadelphia Eagles, writes Isaac Avilucea for AXIOS Philadelphia. The new documentary, which debuted on Wednesday, September 3 on the NFL Network at 8 p.m., is narrated by Oscar-nominated actor and Eagles fan Bradley Cooper. It features…
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WSJ: Comcast Expands and Reaches New Agreements With Amazon to Share Streaming Content Across Platforms
Philadelphia-based Comcast has reached new or expanded existing distribution agreements with Amazon to make their streaming content available on each other’s platforms, writes Dean Seal for The Wall Street Journal. Comcast customers will have Prime Video content available on NBCUniversal’s Xfinity X1 devices, while Amazon users will have access to NBCUniversal’s Peacock streaming app subscriptions…
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New Court Filing Reveals How Much Medical Jet Crash in Northeast Philadelphia Has Cost Taxpayers
The City of Philadelphia has filed a new court document that unveils just how much the January 2025 medical jet crash has cost taxpayers, write Ryan W. Briggs and Dylan Purcell for The Philadelphia Inquirer. In response to an insurance provider’s complaint, Philadelphia attorneys said they are seeking to claim “no less than $2,555,897.58” for…
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WSJ: Urban Outfitters Sees Higher Second Quarter Sales and Profit, But Warns of Stronger Tariff Impact
Philadelphia-based Urban Outfitters reported higher sales and profit in the second quarter, but expects a stronger impact from tariffs than previously projected, writes Katherine Hamilton for The Wall Street Journal. According to Chief Operating Officer Frank Conforti, the apparel and home goods retailer now expects tariffs to reduce gross margins by 75 basis points in…
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South Philadelphia Tradition John’s Water Ice Now Features Freeze-Dried Version, Enjoyable Even in Winter
John’s Water Ice, a popular South Philadelphia tradition, now offers a freeze-dried version, developed in partnership with the founders of Sugar Crunch Candy, writes Michael Klein for The Philadelphia Inquirer. The process of creating the new offering begins with John’s Water Ice formula, which is freeze-dried and transformed into a crunchy candy. Eating the cherry…
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West Philadelphia Neighborhood Transforms After Years of Crime, Thanks to Community Partnership
The West Philadelphia community at 52nd and Arch streets have seen a reduction in crime after it has spent years plagued by it, write Hayden Mitman and Siobhan McGirl for NBC10 Philadelphia. Geraldine Brown, who has lived in the neighborhood for years, noted that her community has been a crime hotspot. However, a recent partnership…
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Xfinity Live! to Undergo Name Change This Fall
Xfinity Live!, the popular South Philadelphia sporting dining and entertainment destination, will soon go by a new name, writes Hayden Mitman for NBC10 Philadelphia. This fall, Xfinity Live! will become Stateside Live! This is the result of a new partnership with Stateside Brands, the Philadelphia-born craft distillery headquartered in Kensington. Stateside Brands CEO Matt Quigley…
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Manayunk Bakery, Known for Plant-Based Pastries and Outspoken Nature, Set to Expand to Larger Space
Since opening a decade ago, Crust Vegan Bakery has prided itself on serving not only vegan pastries, but for being outspoken on political issues, writes Holly Quinn for Technical.ly. The Manayunk bakery’s founder Meagan Benz admits that being political has resulted in online bullying, lost customers, and friendships. However, to her and her team of…
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Developer Carl Dranoff Plans New Boutique Apartment Building for South Broad Street
Carl Dranoff is planning an 84-unit boutique apartment building for his next project on South Broad Street, writes Paul Schwedelson for the Philadelphia Business Journal. The seven-story building will be constructed at Broad and Carpenter streets on the site of a former McDonald’s, which was demolished to make way for the mixed-use development. The project…
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