Economic Development
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AmerisourceBergen Exits Chesterbrook After Three Decades, Officially Opens Its New Conshohocken Headquarters
After thirty years in Chesterbrook, AmerisourceBergen has officially moved into its new headquarters in Conshohocken, writes Natalie Kostelni for the Philadelphia Business Journal. The 11-story office building is part of Sora West, Keystone Property Group’s $325 million mixed-use development that also includes a hotel and two restaurants. The Fortune 500 company has consolidated the corporate…
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Large-scale Residential Development Project at Former Kennedy Kenrick Site in Norristown Takes Step Forward
A large-scale residential development project at the former Kennedy Kenrick Catholic High School site has taken a step forward after Norristown Municipal Council authorized a revision to municipal zoning language at its latest meeting, writes Rachel Ravina for The Times Herald. “The property is already zoned for multi-family residential development, and essentially we’re just tweaking…
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Zoning Hearing on Proposal to Develop a High-Rise Apartment Community at the Plymouth Meeting Mall Could Be Nearing End
The zoning hearing for a proposal to develop a high-rise apartment community at Plymouth Meeting Mall could finally be nearing its end, writes Kevin Tierney for More Than The Curve. After a series of multi-hour hearings held online over the last several months, Plymouth Township’s Zoning Hearing Board was scheduled to hear oral arguments and…
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Amazon to Add 4,800 Jobs in the Philadelphia Region
Amazon is hiring 4,800 employees in the Philadelphia area, with jobs concentrated in transportation and fulfillment, writes Ryan Mulligan for the Philadelphia Business Journal. The announcement was made at a press conference Tuesday morning at Philadelphia City Hall. Starting wage for the new jobs will be $18 an hour and will include benefits like health…
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President Biden Officially Declares Hurricane Ida a Disaster in Montgomery County; Direct Aid Now Available
In the aftermath of Hurricane Ida, President Joe Biden has approved a major disaster declaration for Southeastern Pennsylvania. The designation includes Montgomery County, which now allows storm-affected residents to apply for direct aid. Erin McCarthy and Justine McDaniel covered the relief for The Philadelphia Inquirer. According to Pennsylvania Emergency Management Agency (PEMA) officials, Hurricane Ida…
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Montco Ranks in the Top Among Best Counties to Retire in Pennsylvania
Montgomery County is among the best counties in Pennsylvania where seniors can retire and find their own private paradise to retire and live out their golden years, according to a recently released ranking by Stacker. Stacker compiled the ranking of the best counties to retire in the Keystone State using data from Niche. This ranked…
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Horsham-based Workspace Property Trust Proves Suburban Office Market is Hot with Million-dollar Investments
Horsham-based Workspace Property Trust has received a $326.5 million investment from a group led by global investment firm Oak Hill Advisors, writes Jacob Adelman for The Philadelphia Inquirer. The investment in the office and industrial landlord shows that investors are willing to bet that changes in working patterns brought on by the pandemic will help…
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Are We #1? See How Montgomery County Ranks Among Best Counties to Live in PA, Nationally
To determine the ranking, Niche compared counties in the country based on relevant metrics, such as public schools, cost of living, job opportunities, and local amenities. Montgomery County was reviewed, as well as many counties in PA and across the country. Montgomery County ranked as the top county to live in Pennsylvania and is among…
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Two Major Development Projects Move Forward in Limerick
Two major development projects in Limerick that require a vote from township supervisors moved forward through the pipeline last week, writes Evan Brandt for the Pottstown Mercury. While both projects are allowed according to the zoning in which they have been placed, however, both are subject to conditional approval by the supervisors. This means that…
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Highest-Earning Counties in PA: See If Montgomery County Makes the List
To determine the highest-earning counties, Stacker used data from the U.S. Census Bureau to rank counties by 2019 5-year estimated median household income. Montgomery County is one of the highest-earning counties in Pennsylvania, according to a new report by Stacker. Montgomery County ranked second with a median household income of $91,546, which is 48.3 percent…
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See How the Montgomery County Population Changed in the Last Decade
According to new census data, Montgomery County is one of the few counties in Pennsylvania that has seen its population increase over the last decade, write Jonathan Tamari and Jonathan Lai for The Philadelphia Inquirer. While Pennsylvania added around 300,000 people from 2010 to 2020, the majority of these gains were in Southeastern Pennsylvania, in…
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Decision to Move to Its Headquarters to Wayne from Center City Makes Radian Group ‘Bit of Unicorn’
The Radian Group decision to move its headquarters from Center City to Wayne and shrink the space it used to occupy by over two-thirds makes the company an early outlier, writes Natalie Kostelni for the Philadelphia Business Journal. While several major companies, including Facebook and Ford Motor, have decided to go fully remote after the…
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BBLC Wants to Ensure Black Philadelphia Receives Its Share of Pandemic-Related Financial Resources
The newly formed Black Business Leadership Coalition (BBLC) is working to ensure Black Philadelphia receives its fair share of economic recovery-related financial resources and support. Michael Butler covered the stimulus disbursements for Technical.ly. The BBLC currently comprises 30 business professionals who vow to increase generational wealth by ensuring that the region is conducive to growing…
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Royal Athena in Bala Cynwyd Trades for $60M
Royal Athena, a 275-unit apartment complex in Bala Cynwyd, has been acquired by an affiliate of Harbor Group International for $59.9 million, writes Natalie Kostelni for the Philadelphia Business Journal. Harbor Group International of New York decided to purchase the 600 Righters Mill Road property because it is in a “strong Philadelphia submarket with healthy…
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Lower Merion Gets Unexpected Boon From Pencoyd Landing Development: Walkable Riverfront
The development of Pencoyd Landing has created one unexpected benefit for the Lower Merion residents: a walkable riverfront, writes Inga Saffron for The Philadelphia Inquirer. Previously the industrial sheds that housed the blast furnaces for Pencoyd Iron Works a century ago created a long wall across the Schuylkill waterfront which prevented most of the vegetation…
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More Than $4B in Development in Last Decade Solidifies King of Prussia as Center of Philadelphia’s Western Suburbs
King of Prussia has seen an astonishing development boom in the last decade, which has solidified its place as the center of Philadelphia’s western suburbs, writes Natalie Kostelni for the Philadelphia Business Journal. Out of that, $1.3 billion of development is currently ongoing in Upper Merion, ranging from a $14 million, the 74,000 square-foot building…
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Bala Cynwyd Shopping Center Transforms into Walkable Community with New Delwyn Apartment Complex
Originally built as a strip mall, the Bala Cynwyd Shopping Center is getting a makeover as a walkable community thanks to the addition of The Delwyn apartment complex, writes Sandy Smith for Philadelphia Magazine. The owner, Federal Realty Investment Trust, which acquired the shopping center in 1998, began the first phase of the shopping center’s…
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Tower Health’s Expansion Plan Was to Purchase Hospitals, Including Pottstown; Now Entire System Up For Sale
In early 2016, Tower Health—then called Reading Health System—was considering using the cash it had on hand to build two small local hospitals for $170 million in an effort to defend its core market and utilize its expansion plan, writes Harold Brubaker for The Philadelphia Inquirer. That was part of a larger $350 million strategic…
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