Economic Development
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Pennsylvania Allocates $225 Million in Grants for Small Businesses Support
$255 million in new grants have been allocated by Pennsylvania to support small businesses that have been impacted by the coronavirus pandemic and the subsequent state closure order, according to a staff report from the Philadelphia Business Journal. This stems from the federal Coronavirus Aid, Relief, and Economic Security Act and was allocated from the…
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Three of Main Line Today’s ‘Leaders Under 30’ Hail From Montgomery County
Three Montgomery County individuals are among the fifteen local leaders under the age of 30 who are making serious waves in the community, writes Lisa Dukart for the Main Line Today. Eighteen-year-old Samantha Dichter of Penn Valley got her entrepreneurial and philanthropic start while hosting fundraisers for Alex’s Lemonade Stand Foundation as a kid. Then…
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PBJ: King of Prussia District Commemorates 10 Years of Explosive Community Expansion
King of Prussia District recently marked a full decade in operation that has been characterized by the explosive growth of the Upper Merion community thanks to $3 billion in development across multiple sectors, writes Natalie Kostelni for the Philadelphia Business Journal. Those retail, institutional, office, multifamily, and industrial projects have so far borne around 2,500…
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Supporting Rioters in Philadelphia Protests While Condemning Looters Are Not Mutually Exclusive
Supporting the rioters in the Philadelphia protests and condemning the actions of the opportunistic looters are not mutually exclusive, writes Sandy Smith, Philadelphia Magazine’s Home and Real Estate editor. The protests that have erupted all over the nation because of George Floyd’s death are a reaction to decades of police’s mistreatment of people of color.…
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Bloomberg: Protests Over George Floyd’s Death Bring Grim Realities of Racial Disparity in America Into Spotlight
Protests over the death of an unarmed African American man at the hands of police have brought other grim realities of America’s racial disparity into the spotlight, including the fact that African Americans are lagging behind other groups in almost every economic measure, writes Catarina Saraiva for Bloomberg. In Minneapolis, where George Floyd was killed,…
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An Open Letter To State Legislators Across Southeastern Pennsylvania
We are writing to you because of our deep concern with both the pace and the process of reopening businesses, be it by County-designation or by business industry. We are also writing to re-extend our offers to help—to help the Department of Health; our County elected officials and you in providing information, guidance and materials…
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King of Prussia District’s Annual Report Outlines King of Prussia Development in 2019, Highlights Growth Over Past Decade
King of Prussia District has published its annual Report to the Community titled “A Defining Decade” along with key findings showing that King of Prussia’s foundation is stronger than ever heading into this year. The report outlines KOP’s development in 2019, as well as summarizing its resurgence in the commercial, residential, retail, and hospitality industries…
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See How Montgomery County Companies Did on This Year’s Fortune 500
Conshohocken-based AmerisourceBergen is once again the highest-ranked Philadelphia area company on the Fortune 500 list, coming in at tenth place, writes Kennedy Rose for the Philadelphia Business Journal. The company held steady compared to last year, preserving its spot in the top ten of the annual list published by Fortune magazine that ranks 500 of…
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2nd Round of MontcoStrong Small Business Grant Program Opens Today
Application for the $5 million in economic development funds for the second round of the MontcoStrong Small Business Grant Program opens Wednesday morning at 10:00 AM. The second round will once again be administered by the Redevelopment Authority of Montgomery County together with the Montgomery County Board of Commissioners and the Montgomery County Commerce Department.…
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MONTCO Today to Host 4th Session in Four-part Webinar Series on Marketing in Uncharted Waters
On Tuesday, May 12th, MONTCO Today will host the 4th in a four-part webinar series “Marketing in Uncharted Waters presented by Brandon Steiger will happen at noon. This free webinar series is for marketing professionals, business development professionals, the C-Suite, and business owners who are struggling to keep their businesses in front of prospects and…
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Montgomery County Ranks 2nd in Pennsylvania Based on Purchasing Power
Montgomery County ranked near the top in Pennsylvania based on its residents’ purchasing power, according to a new study recently published by SmartAsset. To find places where average living expenses are most affordable to the people who live there, SmartAsset looked at the cost of living relative to income to determine the purchasing power in…
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Learn What Steps You Can Take to Fend Off Devaluation of Your Business
Decisions made in a time of crisis can often have the greatest impact on the value of a business over the long run, writes Scott Gabehart for the Philadelphia Business Journal. To help mitigate any loss in business value it is a good idea to prepare and adhere to a strict financial management plan as…
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King of Prussia District and Upper Marion Township Partner to Celebrate First Responders, Essential Workers with ‘We See You, KOP’ Campaign
King of Prussia District and Upper Merion Township have joined forces for the We See You, KOP: Honoring Our Essential Heroes campaign that recognizes first responders and essential workers in King of Prussia. As part of the campaign, individuals and businesses are invited to nominate their deserving neighbors, co-workers, and employees who live and/or work…
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Mark Cuban Offers Tips on How Small Businesses Can Survive the Coronavirus Pandemic and Come Out Stronger Than Before
While Mark Cuban, owner of the Dallas Mavericks and an investor on ABC’s Shark Tank, understands the kind of uncertainty and hardship small and midsize business owners are currently facing, but believes agile founders can survive the coronavirus crisis and even come out stronger than before, writes Emily Canal for the Inc. During a wide-ranging…
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Coronavirus Pandemic Response Guides Regional Economic Development Groups Into Unprecedented Collaboration
Displaying an unprecedented level of collaboration, regional economic development groups have joined forces in response to the coronavirus pandemic, writes Natalie Kostelni for the Philadelphia Business Journal. The initiative was started by Dave Zellers, director of commerce for Montgomery County, after he received a text from Sylvie Gallier Howard, acting commerce chief in Philadelphia, in…
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See How Pennsylvania Ranked Among States Where Social Distancing Is Most Difficult
While social distancing is the most effective way to slow the spread of coronavirus, it has also proven to be equally as stressful as it is necessary for many Americans. Around a third of the population said that the current crisis has negatively affected their mental health. To determine where self-isolation is most difficult, WalletHub…
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New Inspirational Montco Strong Video Reminds, ‘We Will Rise Again’
By Rachel Riley The Valley Forge Tourism & Convention Board partnered with a Montgomery County native on a #MontCoStrong video meant to inspire Montgomery County residents, businesses, and other partners in the tourism and hospitality industry. With the intent and purpose to give people hope during the challenging COVID-19 public health crisis, the video uses…
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Shelter in Place Dashboard Shows Montco First Among Counties for Practicing Good Habits During Coronavirus Pandemic
The new Shelter in Place Dashboard recently launched by SafeGraph shows that the Philadelphia suburbs are practicing good habits during the coronavirus pandemic. The dashboard compares shelter-in-place or stay-at-home percentages for every county in the country based on location data collected from over 45 million smartphones. This provides a good reflection of true responses to…
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