Economic Development
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Several Familiar Montco Names on Fortune’s List of World’s Most Admired Companies
Fortune recently published its annual World’s Most Admired Companies list, with three Montgomery County companies making the list. To determine the ranking, Fortune partnered with Korn Ferry to conduct the 2020 survey of 680 of the highest-revenue companies in the world across 52 industries and 30 countries. Executives, directors, and analysts were asked to rate…
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Chief Economist of Moody’s Analytics Talks Philadelphia’s Poverty Rate
Despite unemployment being as low as it has ever been with jobs and wages both up, Philadelphia still has one of the highest poverty rates of any major city in the nation, writes Mark Zandi, chief economist of Moody’s Analytics in West Chester, for The Philadelphia Inquirer. Close to one in four residents have incomes…
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Australia Baby Animals Get Assist from The Handwork Studio in Narberth
Baby koalas, wombats, and other animals native to Australia that were burned or orphaned in devastating wildfires received an assist from The Handwork Studio in Narberth, writes Mari A. Schaefer for The Philadelphia Inquirer. The studio teaches various crafts to children, including knitting and sewing. Earlier this month, it hosted two workshops where volunteers of…
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Greater Philadelphia Ranks among Hottest Job Markets in Nation
Greater Philadelphia is among the top ten hottest job markets in the country, according to a recently released report by ZipRecruiter, writes Kennedy Rose for the Philadelphia Business Journal. The recruitment company ranked metros with more than 100,000 residents based on the number of job postings over the last twelve months, number of job openings…
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Development in King of Prussia Continues to Thrive Thanks Largely to Local Nonprofit’s Efforts
Development in once sleepy King of Prussia continues to thrive largely thanks to the efforts of King of Prussia District nonprofit, writes Katie Park for The Philadelphia Inquirer. The township was always known for its famous mall that brought shoppers to the area. But while shopping thrived, the industrial business district continued to falter. Then,…
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Norristown Residents Share What They Love About Their City in New Video Campaign
As part of the new video campaign “Love My City,” organized by the National League of Cities, Norristown residents stepped in front of the camera to share what makes their community special, writes Justin Heinze for the Patch. “As local leaders, we know the emotional bonds people create with their communities have a powerful impact…
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Pottsgrove Fortnight Gamer and Marketing Director Make Forbes’ 30 Under 30 List
Kyle “Bugha” Giersdorf, a 16-year-old gamer from Pottsgrove, and Jessica Romanelli David, the director of marketing at West Conshohocken-based SeventySix Capital, have made Forbes’ 30 Under 30 list for 2020, writes Paige Gross for the Technical.ly. The annual list highlights entrepreneurs who are “proof positive that the future will be new, exciting, and profoundly different.”…
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City Avenue District Receives $1.7M Grant To Reconnect Presidential Boulevard to Monument Road In Bala Cynwyd
The City Avenue Special Services District has received a $1.7 million Commonwealth Financing Authority grant from the Multimodal Transportation Fund to reconnect Presidential Boulevard to Monument Road in Bala Cynwyd. Currently, the Target complex in Bala Cynwyd is not accessible from presidential Boulevard which means all traffic has to enter and exit from Monument Road.…
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KofP District Plans Major Expansion, Will Add Industrial, Multifamily Properties To Those It Assesses
King of Prussia District is planning to expand the geographical area it covers and add industrial and multifamily properties to the commercial ones it already assesses, writes Natalie Kostelni for the Philadelphia Business Journal. Upper Merion officials have approved both the proposed changes and the renewal of the organization for another five-year term. King of…
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Sunday’s Historic Pottstown Holiday Tours To Benefit Third Annual Pottstown GoFourth! Fireworks Event
This year’s GoFourth! Historic Pottstown Holiday Tours are scheduled for December 8 and will benefit the Third Annual Pottstown GoFourth! Fireworks event, writes Michael Snyder for The Times Herald. The afternoon will start with a visit to the Pottstown Elks Club; where guests will be able to enjoy tea. Afterward, a trolley will shuttle tour-goers…
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Pennsylvania’s Economy Hurt by Aging Roads, Bridges, Mass Transit, Report Says
Pennsylvania’s economic growth could be adversely affected if more attention isn’t paid to the state’s aging highways, bridges and mass transit, writes Evan Brandt for the Daily Times. An assessment report from a Pennsylvania House task force released in November shows funding is badly needed to fix our transportation infrastructure. “With today’s growing economy placing…
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See Which Montgomery County Companies Are Among Best Places To Work In Pennsylvania
Thirteen Montgomery County companies have been recognized as “Best Places to Work in Pennsylvania” in the Team Pennsylvania’s program’s 20th year in the commonwealth, writes Jana Benscoter for Penn Live. This year’s ranking includes 49 small, 27 medium, and 24 large companies. “These companies are setting the bar as places where employees thrive, proving once…
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Harleysville Girl Follows Up Delaware Valley Science Fair Gold Medal With Prize at National Science Competition
After winning the gold medal at Delaware Valley Science Fair, Rachel Bergey of Harleysville went on to claim one of the top prizes at the Broadcom MASTERS science competition for middle-school students, writes Tom Avril for The Philadelphia Inquirer. Bergey won one of four $10,000 awards with her spotted lanternfly project out of the thirty…
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PA Minimum Wage Talks Intensify, Local Union President Warns Workers Deserve More
Talks on raising the minimum wage in Pennsylvania have heated up for the first time in a decade as Republicans attempt to get Gov. Tom Wolf to drop his efforts to extend overtime pay eligibility to tens of thousands of additional workers, writes Marc Levy for the NBC 10. Negotiators are faced with a November…
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Pottstown Needs $62M Over 8 Years To Sustain and Expand Its Current Revitalization
Urban Land Institute, the nationally recognized think tank, has found that Pottstown needs upwards of $62 million over the next eight years to sustain and expand its revitalization, writes Evan Brandt for The Pottstown Mercury. During the Oct. 25 presentation, the think tank introduced its report to 95 stakeholders who were interviewed to help the…
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Manor College Has Contributed More Than $20M to Pennsylvania’s Economy in 2018
The new report from the Association of Independent Colleges and Universities of Pennsylvania has found that Manor College in Jenkintown has contributed $20.4 million and 291 jobs to the Keystone State last year. The study also calculated that the school’s tax revenues, including sales, property, personal, and corporate income taxes, were $960,000 for the same…
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Billion dollar Coworking Office and Lab Campus Planned in King of Prussia
Capitalizing on the burgeoning specialty of life sciences real estate, The Discovery Labs is developing a $1 billion coworking office and lab campus in King of Prussia, writes Greg Isaacson for the Commercial Property Executive. “It’s a really exciting time for investors and developers in the market because of the growth in the market and…
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Learn More About Educational Improvement Tax Credit Program At MCCC’s Informational Breakfast
Montgomery County Community College will hold an Educational Improvement Tax Credit informational breakfast on Thursday, November 7 in East House on its Central Campus in Blue Bell. This free event is the ideal opportunity for businesses and corporations to learn more about how they can use Pennsylvania’s Educational Improvement Tax Credit program to help students…
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