Economic Development
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Delaware Valley Lags in Post-Recession Private-Sector Jobs Growth
Greater Philadelphia is behind in post-recession private-sector jobs growth compared to most other U.S. markets, writes G. Scott Thomas for Philadelphia Business Journal. Philadelphia and it surrounding area has only added around 130,000 private-sector jobs in the last decade, according to the data from the U.S. Bureau of Labor Statistics. Out of the 67 metropolitan…
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Montco Places an Astonishing 26 Companies on Philadelphia Business Journal’s Soaring 76
The Philadelphia Business Journal has launched a new initiative in 2017 – entitled Soaring 76 – to identify the fastest-growing companies in Greater Philadelphia, writes Clara Lefton. “Greater Philadelphia’s economy is increasingly diverse and dynamic,” said PBJ Publisher Sandy Smith. “We consider it a crucial part of our mission to identify and recognize the companies…
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Montgomery County Community College Appoints New VP Position
In an effort to better serve the workforce needs of the region, Montgomery County Community College has appointed Dr. David DiMattio to the new position of Vice President of Workforce Development and Continuing Education. Also, the college’s Workforce Development department has moved to the West Campus in Pottstown. Since becoming president of Montgomery County Community…
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Check Out This Year’s 10 Highest-Ranked, Montco-Based Companies on Inc. 5000 List
The fastest-growing private firms in America are creators, writes Inc. magazine in the introduction to its annual Inc. 5000, a prestigious list that ranks the nation’s fastest-growing companies by revenue. They create value, and they create jobs – 619,631 of them over the last three years. The 2017 Inc. 5000 is the most competitive crop…
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Cross Properties Aims to Breathe New Life into Bala Cynwyd’s Main Street
Cross Properties is hoping to revive Bala Cynwyd’s main street with a more than $100 million investment in three big residential and retail developments, writes Dan Geringer for Philly.com. Kevin Michals, managing partner of Cross Properties, said that the company has acquired 20 properties on the nearly deserted North Bala Avenue for mixed residential and…
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Philadelphia Area Fourth Most Improved Economy for Job Growth Nationwide
Federal employment data puts the Philadelphia area in the top five most improved large metropolitan economies nationwide for job growth from 2015 to 2016, according to a staff report from Philadelphia Business Journal. The study published by Headlight Data, shows that Philadelphia posted the fourth most improved economy for the twelve month period. The study…
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Villanova Business School Dean Believes Road for More Female CEO’s is Finance
Villanova Business School Dean, Joyce Russell, believes that the path to more female CEOs is getting them interested in finance from an early age, writes Jane M. Von Bergen for Philly.com. “I have this whole theory on if we’re going to really impact society at the CEO level, we’ve got to get women in finance,…
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Knowledge@Wharton: Debate on Whether the Economy Can Recapture Past Growth Continues
The long-running debate between Northwestern University economists Robert J. Gordon and Joel Mokyr on whether the economy can recapture its past growth continued during a recent interview with Knowledge@Wharton. Gordon firmly believes that the major advancements made over the last two centuries, such as the switch from the candle to electricity, cannot be matched in…
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Check Out Where Your ZIP Code Ranks Among Montgomery County’s Most Affluent
American City Business Journals, the largest publisher of metropolitan business newsweeklies in the U.S. including the Philadelphia Business Journal, recently compiled affluence ratings for 22,568 ZIP code territories across the nation. Included in the ratings are territories that had populations of 1,000 or more as of 2015. [uam_ad id=”51709″] The 2017 affluence ratings are based…
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Gladwyne is Greater Philadelphia’s Most Affluent Area
Seven out of the ten richest zip codes in the Greater Philadelphia area are from the Main Line, with Gladwyne on top, writes Michelle Caffrey for Philadelphia Business Journal. American City Business Journals did a comprehensive data analysis using 12 data points based on population, education levels, housing values, and income to determine the most…
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New Director of PAID Predicts Exciting Economic Future for Pottstown
Peggy Lee-Clark, the newly hired director of Pottstown Area Industrial Development Corp and former board member, believes that Pottstown is on the verge of an economic breakthrough, writes Evan Brandt for The Mercury. As head of PAID, Lee-Clark is the borough’s top independent economic development officer. “Great things are going to happen, but we’ll get…
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Career Transition Event Helps Highly Educated Unemployed Montgomery County Residents
A My Career Transitions panel held on Saturday at Penn State’s Great Valley campus provided employment advice to Montgomery County’s highly educated unemployed, writes Jane M. Von Bergen for Philly.com. Around 185 people listened to four human resource managers offer support and networking organization for people who have lost their jobs or want a change.…
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Dearth of Retail, Manufacturing Jobs Nudge Pennsylvania’s Population Down
Pennsylvania’s population has shrunk for the first time in over three decades, with deaths and move-outs outnumbering births and move-ins by 8,000, writes Joseph N. DiStefano for Philly.com. This puts Pennsylvania in the bottom four states that have lost more people than they have gained over the last year. It also drops Philadelphia to the…
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Education Services and Health Care Main Employers in Montgomery County
The boom in the health industry and the expanding education workforce in Philadelphia is having a positive impact on the suburbs, according to a staff report from Philadelphia Business Journal. According to a report from Data USA, these services are now the main employers in Montgomery County. The data shows that with 103,786 employees between…
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Employment Up, Wages Down in Montgomery County. Ditto for Most of America’s Largest Counties
From December 2015 to December 2016, employment increased in 280 of the 345 largest counties in the country, the U.S. Bureau of Labor Statistics has reported. . Included in those 280 are Montgomery, Delaware, and Chester counties: With 493,500 people now working, Montco experienced an increase of 1.3 percent in employment, a change that places…
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Philadelphia Region Records Higher Job Growth than New York
For the first time in over two decades, Philadelphia has surpassed New York in job growth, writes Jane M. Von Bergen for Philly.com. “I was very surprised to see it,” said Ian Anderson, director of research and analysis in Philadelphia for CBRE Group. When Anderson looked at the U.S. Labor Department numbers for the two…
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From Chesco: West Chester Wins Prestigious Great American Main Street Award
The West Chester Business Improvement District (BID) is one of the three winners of the 2017 Great American Main Street Award from the National Main Street Center Inc., the country’s leading nonprofit dedicated to commercial district revitalization. The borough was recognized for its efforts to preserve the area’s historic and cultural heritage while modernizing the…
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Wage Growth in Philadelphia Area Lags Behind National Average
A new study published by online job site Glassdoor shows that the Greater Philadelphia area needs to step up its game when it comes to wage growth, according to a staff report from Philadelphia Business Journal. According to the study, the annual median base pay in the Greater Philadelphia area grew just 1.6 percent year…
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