Economic Development
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Major Land Development Projects Currently Underway in Horsham, Lower Makefield
Two major land developments are currently underway in neighboring Montgomery and Bucks counties, writes Natalie Kostelni for the Philadelphia Business Journal. Toll Brothers has purchased the former Limekiln Golf Club in Horsham. It’s from a joint venture between Matrix Development Group and Envision Land Use for $42.8 million. The transaction followed the successful completion of…
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Ardmore-based Gregory FCA Acquires New York-based B2B PR and Marketing Firm
Ardmore-based Gregory FCA, one of the nation’s largest PR firms, is continuing to expand with the acquisition of New York-based Affect, a B2B public relations and marketing firm, writes Richard Ilgenfritz for the Mainline Media News. Affect has nearly two decades of experience serving technology, healthcare, and professional services clients. The company’s Founder and President…
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Hyper-Local Bellwethers of Economic Activity Can be a Boon to Small-Business Forecasting
Monthly government-released data and economic activity are important for small business owners. But they may miss important micro-trends. And they often lack immediacy. More salient to small businesses are those more agile indicators, writes Gene Marks for The Philadelphia Inquirer. Open Table, for example, is a popular app that millions use around the globe to make restaurant reservations. It publishes weekly reservation data by country, state and city. Restaurateurs in family-run eateries can use…
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Montgomery County Has High Hopes for President Biden’s Infrastructure Plan
Montgomery County has a list of key projects it would like to see funded if President Joe Biden’s proposed infrastructure improvement plan becomes a reality, writes Jeff Cole for FOX 29 Philadelphia. The county’s wish list includes several big-ticket items such as the extension of the Norristown High Speed Line to King of Prussia, upgrading…
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Stop the Presses…Forever: The Schuylkill Printing Plant Has Printed its Final Issue
Once a thundering production theme park, the Schuylkill Printing Plant in Upper Merion Township has printed its final issue of The Philadelphia Inquirer and is stopping its presses for good, writes Anthony R. Wood for The Philadelphia Inquirer. The facility that was built three decades ago for nearly $300 million – around $600 million in…
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Two New Amazon Delivery Stations to Open in Montgomery County This Year
Amazon is planning to open four new delivery stations in the Philadelphia region, two of which will be located in Montgomery County, writes Pat Ralph for the Philly Voice. According to Amazon spokesperson Andre Woodson, the new facilities will help the e-commerce giant reach its goal of creating 1,000 jobs in the area, both full-time…
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Superstars! MONTCO Today Launches New Initiative to Honor the County’s Millennial Leaders
Due to Covid-19, Montgomery County’s event scene has changed a bit over the last year. In-person events took a back seat to front-and-center virtual Zoom events. The event calendar does look a bit different these days, but we are happy things are changing in 2021. MONTCO Today is thrilled to be a part of that…
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Developer Presents New Plans for Property Across from Limerick Costco
A new plan for the development of a property across from Costco in Limerick was recently presented to township supervisors, writes Evan Brandt for The Pottstown Mercury. Sanatoga Springs Phase II was first introduced in 2011 and requested 244,000 square feet of commercial space along with 300 residential units. Three years later, the plan was…
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Governor Wolf Ready to Get Pennsylvania Back to Work with New Workforce and Economic Development Plan
Governor Tom Wolf released his new “Back to Work PA” workforce and economic development plan aimed at bolstering economic recovery efforts and positioning the commonwealth for economic growth. “Back to Work PA will make strategic and comprehensive investments to build a stronger and more diverse workforce, support Pennsylvania businesses while attracting businesses to the commonwealth,…
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Montgomery County Small Businesses Will Get Another Chance to Receive Economic Relief Through New Hospitality Industry Recovery Program
Local small businesses will get another chance to receive economic relief through the MontcoStrong 2021 Pennsylvania Hospitality Industry Recovery Program, writes Kenny Cooper for WHYY. The new hospitality industry recovery program follows the county’s MontcoStrong 2021 Restaurant Grant Program, which has allocated $6 million in grants to 600 food service businesses. The new program comes…
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MontcoStrong 2021 Restaurant Grant Program Distributes $6M to 600 Restaurants and Food Service Providers
The MontcoStrong 2021 Restaurant Grant Program has awarded a total of $6 million to 600 restaurants and food service businesses that have been hit hard by COVID-19. The money was made available by the Montgomery County Commissioners in county economic development funds aimed specifically at supporting restaurants and other food service businesses. “Small businesses, especially…
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Washington Post: Montco’s High ‘Social Capital’ Ranking Equaled Fewer COVID-19 Cases Than Other PA Counties
New research suggests communities with a high amount of social capital – what experts refer to as interconnectedness and communal trust – experienced less severe outbreaks of coronavirus in 2020, writes Christopher Ingraham for The Washington Post. Research by Christos Makridis of the Massachusetts Institute of Technology and Cary Wu of York University in Toronto and published…
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Keystone Property Group Breaks Ground on Hotel Component of SORA West, Its $325M Mixed-Use Project in Conshohocken
Keystone Property Group broke ground earlier this week on Hotel West + Main, the hotel component of SORA West, its $325 million mixed-use project in Conshohocken, writes Kevin Tierney for More Than The Curve. In addition to the hotel, the project includes a new global headquarters for AmerisourceBergen, the reuse of a historic firehouse, and…
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Bryn Mawr-based Alliance HSP Acquires Warehouse Near Philadelphia International Airport for $3.63M
Bryn Mawr-based Alliance HSP has acquired a warehouse near Philadelphia International Airport from the Philadelphia Housing Authority for $3.63 million, writes Jacob Adelman for The Philadelphia Inquirer. The 40,900-square-foot industrial building is set on 3.8 acres of land. PHA was using the property to store equipment and vehicles used for maintenance of its apartment units.…
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President Biden Wants to Raise Minimum Wage; Pros and Cons of Proposal
Congressional Democrats have released new details on legislation that would lift the minimum wage to $15 an hour as supported by President Joe Biden in phases over the next four years, writes Eric Morath for The Wall Street Journal. The minimum wage would first increase to $9.50 an hour the day the proposed law would…
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Battle to Maintain Balance Between History and Commerce Quietly Continues
Maintaining the balance between preservation of history and economic progress is a battle that has been raging on for decades on the Main Line, writes Paul Jablow for Main Line Today. Throughout the region, the preservationists have been fighting to maintain as much of the historical character of the area as progress will allow. “Without…
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Local Development Leaders Believe Manufacturing, Life Sciences Gains Point Toward Growth Opportunities for Philadelphia Region
While the Philadelphia region has been rattled by the pandemic, local economic development experts believe there are plenty of growth opportunities ahead for the area, writes Kennedy Rose for the Philadelphia Business Journal. One of the unexpected outcomes of the pandemic was the resurrection of manufacturing in the Philadelphia region. Many companies pivoted their manufacturing…
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Pennsylvania Among Top Ten States Residents Moved Out Of in 2020
Pennsylvania ranked eighth in the list of the top ten states residents moved out of in 2020, writes Michaelle Bond for The Philadelphia Inquirer. According to the report published by Move.org, nationally, most people who decided to move remained either in the city or state to stay close to family, friends, and their jobs thus…
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