Economic Development
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Price Tag for Montgomeryville’s Airport Square Soars to $82M for New York Firm
Airport Square in Montgomeryville is home to popular retailers like TJ Maxx, Marshall’s, Homegoods and Michael’s. It also includes fast-food chains such as Chipotle and Shake Shack. The nearly 300,000-sq.-ft. property sits at 801 Bethlehem Pike, across from the Montgomery Mall. And now, the bustling strip is being acquired for a sumptuous purchase of $82.5 million.…
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Reggie Jackson’s Boyhood Home Could Well Be Out in Wyncote, Turned into a Parking Lot
A run-down two-story building is covered in vines along Greenwood Avenue in Wyncote. Despite its unassuming appearance, the abandoned house has quite a history. It’s where Baseball Hall of Famer Reggie Jackson spent his childhood. But purchasers of the property may soon turn it into a parking lot, writes Marina Affo for The Philadelphia Inquirer.…
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City Ave District’s Free Lunch and Learn Sessions to Create Healthy Finances and Hearty Bodies
The City Ave District, the nonprofit organization serving as a catalyst for economic and civic vibrancy across this important corridor, is hosting an upcoming series of free, in-person lunch-and-learn sessions. The first, Money Matters: Financial Wellness 101, is Sept. 28 at 12 p.m. In this introductory financial planning workshop sponsored by Tompkins Community Bank, attendees will get information…
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Montgomery County Leadership: David Zellers, Director of Commerce at Montgomery County
David Zellers, Director of Commerce for Montgomery County, spoke with MONTCO Today about growing up in Wernersville, Berks County, where he could walk to school, the playground, and his great-grandparents’ house. He also discussed the life lessons he learned from playing ice hockey and the work ethic he got from his dad, who worked his…
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‘The Life You’ve Built Is Worth Protecting’: Immaculata University Professor On National Preparedness Month
Are Americans experiencing “disaster fatigue?” The Federal Emergency Management Agency’s latest National Household Survey reported that more than half of households have personally experienced, or that their family experienced, a disaster in 2021. With the deaths of one million Americans and the impact of the COVID-19 pandemic on our personal health and livelihood, one would…
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Holy Family University Announces Expansion in Newtown, New Campus Facility
Holy Family University has announced the acquisition of a new campus facility in Newtown, further expanding the college’s campus for students inside and outside the Bucks County area. The new location, which will be known as the Newtown West campus, will supplement the existing Newtown East campus located at 1 Campus Drive in Newtown. The…
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New $50 Million Sports and Event Facility Poised to Put Chester County’s Lone City Back on the Map
IDG Development is set to build a new $50 million facility in Coatesville called the National Sports and Events Center, which officials are hoping will put the city back on the map, writes Kenny Cooper for WHYY. The multi-purpose complex will be constructed on the 26.3-acre site on West Lincoln Highway formerly known as the…
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How Is Montco Cutting Its $161M COVID Recovery Fund Pie?
On its surface the math may seem wonky: Just seven percent of the county’s population is getting 27 percent in COVID-19 recovery funds. But that’s how Montgomery County is leaning toward allocating its federal investment. A deeper dive, however, reveals a sensible thought process behind it, reports Evan Brandt for The Times Herald. The county…
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Area Cell Phone Data Indicate a Reversal of the Pandemic Exodus from Phila. to the Suburbs
Philadelphia has started regaining some of the population it lost during the pandemic-driven migration as some residents are opting to move back to the city from the suburbs, writes Jake Blumgart for The Philadelphia Inquirer. According to an analysis of cell phone data, Philadelphia is one of the few major cities that is seeing its…
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Montgomery County Ranks Among Wealthiest Counties in Pennsylvania
Montgomery County ranked among the five wealthiest counties in Pennsylvania and placed among the top 100 in the nation, according to a new report by SmartAsset. To determine the wealthiest counties, SmartAsset compared all counties in the U.S. across three main metrics: investment income, property value, and per capita income. Montgomery County placed second in…
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Willow Grove and Plymouth Meeting Malls’ PREIT Soars Following Reverse Stock Split
PREIT, owner of Plymouth Meeting Mall and Willow Grove Park Mall, has executed a 1-to-15 reverse stock split to boost its share price and prevent potential delisting on the New York Stock Exchange, writes Bob Fernandez for The Philadelphia Inquirer. “It was a move that was done in order to maintain listing on the New…
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Lower Merion Officials Looking for Public Input on New Master Plan for Ardmore
After hiring Kittelson Associates to help develop the new Ardmore master plan, Lower Merion officials are now asking for input from the public, writes Richard Ilgenfritz for the Main Line Times & Suburban. “It is with great excitement that we announce the first of many opportunities for the community to participate in the process,” said…
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Gov. Wolf Calls for $2,000 Payments to Pennsylvanians
Gov. Tom Wolf called on Pennsylvania’s General Assembly to support Pennsylvanians by passing legislation for the American Rescue Plan Act-funded $500 million PA Opportunity Program, which would send checks of up to $2,000 to millions of Pennsylvanians. “I first introduced this plan four months ago,” said Gov. Wolf. “A lot has changed since then, from inflation to…
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Eighteen Projects Receive Montco 2040 Implementation Grants From Montgomery County
The Montgomery County Commissioners has announced that eighteen projects in the county will receive Montco 2040 Implementation Grants. The new grants continue an exciting program aimed at implementing the county comprehensive plan, Montco 2040: A Shared Vision. The program’s intent is to assist municipalities in making targeted physical improvements that achieve real progress toward the…
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Biofermentation Company Expands Its Philadelphia-area Presence with New Pottstown Location
Aviridi is expanding its presence in the Philadelphia-area life-sciences industry with the purchase of a 26,000-square-foot industrial building in Pottstown, writes Jeff Ward for WFMZ 69 News. This acquisition follows the biofermentation company’s purchase of a 10,000-square-foot Norristown building in April for its headquarters. Biofermentation is a natural process that uses yeast to create molecules,…
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Pottstown’s Cedarville Engineering Named SBA Eastern PA’s Woman-Owned Small Business of the Year
Earlier this week, Pottstown-based Cedarville Engineering was recognized with the 2022 U.S. Small Business Administration’s Eastern Pennsylvania Woman-Owned Small Business of the Year Award, writes Evan Brandt for The Mercury. The company was founded in 2010 by CEO April Barkasi in a small rented office. Over the years, Cedarville Engineering continued to move into progressively…
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Chamber of Commerce for Greater Montgomery County Launches “Made in Montco” to Highlight Local Manufacturers
With a plethora of unique manufacturing businesses in Montgomery County, the Chamber is offering a look at these organizations from behind the scenes. Made in Montco is a new program designed to highlight the diverse array of products being manufactured and distributed locally, nationally and throughout the world. There are 1020 manufacturers in the county…
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Subsidiary of Brazilian Conglomerate Acquires King of Prussia-based PetroChoice for $479M
Moove, a subsidiary of Brazilian conglomerate Cosan S.A., has acquired King of Prussia-based PetroChoice, the nation’s leading lubricant distributor, for $479 million, writes Ryan Mulligan for the Philadelphia Business Journal. The seller was private equity firm Golden Gate Capital, which purchased the company seven years ago from Greenbriar Equity Group. Earlier this year, Golden Gate…
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