Economic Development
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Jenkintown’s Manor College and The Galman Group Raise Nearly $40,000 in Support of Ukraine
A partnership between Manor College and The Galman Group of Jenkintown, Pa., has raised nearly $40,000 for the Ukrainian Federation of America. The partnership between the college and property management firm began on March 15 when Galman Group Vice-Chairman Jerry Slipakoff reached out to Manor College to help raise money for those in need. “Manor…
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Montgomery County Awarded Grants to Support Crisis Services and Student Assistance Programs
The Montgomery County Department of Health and Human Services (HHS) Office of Mental Health, Developmental Disabilities, and Early Intervention (MH/DD/EI) has announced the award of two Community Mental Health Services Block Grants. The funds will go toward bolstering crisis services and student assistance programs in Montgomery County. In partnership with the HHS Office of Managed…
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Former Times Herald Building in Norristown Sold & Razed to Make Room for New $50M Apartment Project
The 35,621-square-foot building at 410 Markley Street is no more, as Bennett Properties have purchased the building and had it torn down, writes Natalie Kostelni for the Philadelphia Business Journal. The building on one acre on Markley Street housed Norristown’s Times Herald for decades, and now a Harleysville real estate firm, Bennett Properties, run by…
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Fort Washington’s Toll Brothers May Scoop Up and Develop Phoenixville’s Closed Kindergarten Center Site
The Phoenixville Area School Board voted 5 to 3 to sell the Kindergarten Center, which has been closed since 2017, to Fort Washington’s Toll Brothers for $4.6 million, writes Holly Herman for the Patch. Toll Brothers has plans to turn the 7.4 acre lot at 100 School Lane, which was built in 1958, into townhouses.…
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Montgomery County Among Places in Pennsylvania with Highest GDP Growth
Montgomery County was among the places in Pennsylvania with the highest GDP growth in 2021, according to a recently released report by SmartAsset. SmartAsset compared the change in the number of businesses established in each PA location throughout a three-year period to determine whether or not people are starting new business ventures in each county…
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Nine Montgomery County Movers and Shakers Make PBJ’s Power 100 List
Nine movers and shakers from Montgomery County are among the Philadelphia area’s Power 100 for 2022, writes Ryan Sharrow for Philadelphia Business Journal. The list features individuals in alphabetical order with the influence, skill, and effectiveness that gives them the power to shape the look and feel of the entire Philadelphia region and their industries…
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Conshohocken Italian Bakery Hit by Impact of Russia Boycott
Conshohocken Italian Bakery is one of the many businesses around the world that is feeling the effects of the sanctions imposed on Russia that have thrown commodity markets into a tizzy, writes Michael Klein for The Philadelphia Inquirer. Last week, the family bakery that is nearly half-a-century old had to suspend the sales of its…
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Pottstown Area Economic Development Updates Community on Current Projects
The annual progress report by Pottstown Area Economic Development (PAED) has highlighted updates on some of the town’s biggest development projects, writes Andrew Kulp for The Times Herald. During the event on Wednesday, PAED presented artist renderings of the proposed Iron Globe Entertainment Complex. The planned 2,200-seat outdoor music venue would be placed along the…
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King of Prussia District Presents Accelerating Growth, Community Lunch on March 31
While the past two years challenged the resilience of the Greater Philadelphia region in a way that we could never have imagined, it also ignited innovation, collaboration and growth across a variety of sectors. King of Prussia District has assembled a panel of industry experts who will explore the impacts of the pandemic at Accelerating…
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E. Kahn Development Sells Conshohocken Building Leased to Amazon to Korean Pension Fund for $97M
E. Kahn Development has sold a 120,000-square-foot building leased to Amazon in Conshohocken to an undisclosed Korean pension fund for $97 million, writes Natalie Kostelni for the Philadelphia Business Journal. The price at just over $808 a square foot sets another high-water market on a per-square-foot basis for the sale of industrial real estate in…
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Check Out These 12 Awesome Black-Owned Businesses in Montgomery County
Restaurants, clothing stores, bookstores, and more, these black-owned businesses in Montgomery County offer great products and services. Check out these local black-owned small businesses to see where you can shop and support your local community. Ambler Vegan Company This black-owned, vegan café serves up deliciously nutritious plant-based foods. Ambler Vegan Co. is Ambler’s first vegan…
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Montgomery County’s Post-COVID Bounce Back: Best-and Worst-Case Possibilities for Economic Recovery
While it is not possible to know exactly what the future hold for post-pandemic economic recovery in the Montco area, a new report provides a glimpse of the best- and worst-case outcomes. The analysis came from the Pew Charitable Trusts and the William Penn Foundation, as reported by Taylor Allen for Axios. According to the…
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King of Prussia’s Camber Spine to Roll Out Education Initiatives and Expand Product Portfolio
Camber Spine, a leading innovator in spine and medical technologies in King of Prussia, has announced a robust calendar of clinical education and product portfolio expansions in 2022. Camber’s plans for the year include four spine surgical training labs focused on the Oblique Lateral Interbody Fusion Surgery (OLIF) technique. The labs, part of the Camber…
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King of Prussia-based Universal Health Services Tops Wall Street Expectations with Q4 Results
King of Prussia-based Universal Health Services, one of the nation’s largest providers of hospital and healthcare services, has topped Wall Street expectations with its fourth-quarter results, according to a staff report from The Kansas City Star. The hospital and health facility operator reported a net income of $239.1 million and a profit of $3 per…
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Fort Washington-based Toll Brothers Reports Better-Than-Expected Quarterly Orders
Fort Washington-based Toll Brothers has reported better-than-expected quarterly orders thanks to strong demand for high-end homes that is not wavering as the pandemic continues for the second year, writes Prashant Gopal for Bloomberg. Purchase contracts for the three-month period through January increased two percent from a year earlier to 2,929. Analysts forecast 2,844 orders. Toll…
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FOCUS Pottstown and the Tri-County Area Business Community Embrace the Vision for Tomorrow’s Economy
With an audience of nearly 250 members of the business community from across Montgomery, Chester, & Berks counties, Pottstown Economic Development (PAED) was pleased to present at the Pottstown Progress Luncheon, hosted by the Tri-County Area Chamber of Commerce, and held at the Sunnybrook Ballroom in Pottstown. This annual event is an opportunity for PAED…
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New Development Projects Will Breathe New Life into Norristown, Bridgeport
The Philadelphia region is experiencing a building boom, with some of the development projects poised to breathe new life into several former industrial communities in Montgomery County, including Norristown and Bridgeport, writes Natalie Kostelni for the Philadelphia Business Journal. PRDC Properties is currently working on a $150 million development in Bridgeport. The project is set…
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See Which Montgomery County Towns Are Among Fastest-Growing Cities in Pennsylvania
While the population growth in the United States is slowing due to declining birth rates, an aging population, and fewer immigrants, some cities across the country have experienced higher population growths across the last decade. In Pennsylvania, four of these cities are in Montgomery County, according to a new report by Stacker. Stacker has compiled…
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