Economic Development
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Former CEO Shares Thoughts on How Gov. Shapiro Can Boost State’s Innovation Economy
Jeff Marrazzo, the former CEO of Philadelphia-based Spark Therapeutics and a member of the innovation subcommittee of Gov. Josh Shapiro’s transition team, has several ideas on how Pennsylvania’s new governor can support the state’s innovation economy, particularly companies in biotechnology and life sciences. Harold Brubaker story in The Philadelphia Inquirer explained. As a first step,…
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VFTCB Reminds about Schuylkill River Greenways Grant Application Window for 2023 Restoration Fund
The Schuylkill River Greenways annually awards hundreds of thousands of dollars in grant money to private and government organizations that work to improve conditions in the Schuylkill River watershed. The 2022 awardees included: These projects, encompassing five Philadelphia-area counties, improve not only the Schuylkill River but also the entirety of the watershed and the communities…
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Harcum College CFO Offers Reasons for Optimism on the U.S. Economy in 2023
The past year was a challenging one for the U.S. economy because of inflation and a bear stock market. However, based on the cyclical nature of the economy and the emergence of encouraging signs, there is a reason for optimism at both the macro and micro levels. Fundamentals of the Economy Looking ahead to 2023,…
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The State of Two Bucks County Malls Could Affect Property Taxes, School Districts, and Local Businesses
Two of Bucks County’s most popular malls have seen various changes over the past few years, and these might begin to affect their surrounding areas. James McGinnis wrote about the malls and their economic impact for the Bucks County Courier Times. The Neshaminy Mall, located in Bensalem, and the Oxford Valley Mall, located in Langhorne,…
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Commissioner Val Arkoosh to COVID-Affected Montco Businesses: Federal Wallet Remains Open
In a recent Montgomery County Commissioners meeting, chair Val Arkoosh announced that federal funds from the American Rescue Plan are still on the table. Gregory Purcell, WFMZ 69 News, reported the continued availability of recovery dollars for COVID-affected Montco businesses. Arkoosh noted that although the program targets small businesses in Norristown and Pottstown, commercial entities…
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These 11 Montgomery County Zip Codes Are Among the 50 Wealthiest in Greater Philadelphia
Here are the eleven wealthiest communities by zip code in Montgomery County for communities with greater than 2,000 people, as compiled by Sharon Oliver for Philadelphia Business Journal. The chart shows how these eleven communities rank when compared with the 50 wealthiest communities in the Greater Philadelphia region. The results are based on 2018 median…
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Pennsylvania Ranks Among Best States To Start a Business in 2023
A new Forbes Advisor report places Pennsylvania among the top five states to start a business in 2023, writes Kelly Main for Forbes. To rank the best and worst states to start a business in 2023, Forbes Advisor looked at 18 key metrics across five categories that impact businesses and their ability to succeed, including…
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King of Prussia District: 2022 Marketing and Events Initiatives Yielded Solid Results
The King of Prussia’s recently released 2022 Year in Review recapped some of the organization’s successful marketing and events efforts. Particularly notable were: More on last year’s King of Prussia District marketing and event initiatives is in its 2022 Year in Review. _____ This 2020 video celebrating ten years of support from the King of…
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Wall Street Journal: Philadelphia’s Center City Showing Signs of Renewed Economic Vitality
Center City Philadelphia is showing signs of renewed economic vitality thanks to strong housing demand, the recent growth in the hospitality sector, and a Comcast-led return-to-work push, writes Scott Calvert for The Wall Street Journal. While many cities nationwide have been struggling to recover from the effects of the pandemic, business owners, workers, and residents…
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Wall Street Journal: Penn Professor Believes Companies Could Benefit from Four-Day Workweek
Adam Grant, an organizational psychologist at the Wharton School of the University of Pennsylvania, recently spoke at The Wall Street Journal’s CEO Council Summit, where he offered his take on the four-day workweek, writes Chip Cutter for The Wall Street Journal. Grant said that executives who are looking to boost their teams’ productivity may want…
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Philadelphia Businesses Continue Rapid Growth as City Enters Post-Covid Economic Recovery
Philadelphia businesses are recording rapid growth as the economic recovery continues, according to a new Center City District report, writes Jeff Cole for FOX 29. The report found that the daily pedestrian foot traffic in October was at three-quarters of pre-pandemic levels. Visitors and shoppers are getting closer to pre-shutdown numbers and around 80 percent…
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Montgomery County a Top Performer on Statewide Assessment of Incoming Investment Data
A SmartAsset analysis has identified the regions across the U.S. leading the way in incoming investment. The data was filtered to the state level, indicating Montgomery County’s performance in relation to other Pa regions. The income investment study measured: Business establishment growth Gross domestic product (GDP) growth New building permits The first filter was designed…
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King of Prussia District: Tax Data Indicate Upper Merion Township’s Ongoing Pandemic Recovery
To ensure King of Prussia has a regionally competitive tax structure that promotes and grows business, the King of Prussia District regularly examines existing tax codes of Upper Merion Township (UMT). Further, it considers that data relative to performance results from nine of the region’s largest employment centers that compete for companies and employees. King…
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Montco Residents Could Soon Get Home Repair Assistance
A new state-wide program could help Montgomery County residents struggling to repair their homes. The Whole-Home Repairs Program is investing a total of $125 million to make homes safer throughout the state, writes Michaelle Bond for The Philadelphia Inquirer. The program aims to help people with “low and moderate” incomes to upkeep, repair or weatherize…
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These Montgomery County Places Among Cities with Fastest Growing Home Prices in Philadelphia Metro
Over the last several years, the pandemic has been a driving force behind the real estate boom causing home prices to skyrocket in Montgomery County, reports Stacker. In fact, among the 30 cities in the Philadelphia metro area that have seen their prices rise the fastest, six are in Montgomery County. Bryn Mawr ranked third…
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Hershey Has Broadened Its Flavor Profiles to Avoid Recent Market Meltdown
Hershey has long been a chocoholic go-to. But its latest strategy of mixing salty and sweet has helped the company reach new heights in a meltdown stock market, writes Ben Cohen for The Wall Street Journal. Hershey stock has doubled in the past five years, outperforming tech giants over three years, and beating over 450…
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Philadelphia Among Peer Cities Most Heavily Reliant on Eds and Meds Economy
A new report from the Federal Reserve Bank of Philadelphia found that higher education institutions and hospitals power close to 13 percent of the economy in the Philadelphia region, write Mike D’Onofrio and Isaac Avilucea for Axios. This means that the City of Brotherly Love is one of the most heavily reliant on eds and…
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Firehouse Hotel Aims to Ignite Activity on Conshohocken Corridor
Along a popular corridor in Conshohocken sits the mixed-use Hotel West & Main, set to make its grand opening October 13. This $59-million project unites SORA West — a multifaceted development spearheaded by Keystone Development & Investment — with a green-space connection to the one-million-sq.-ft. AmerisourceBergen campus. Ryan Mulligan rang the bell in reporting the…
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