Economic Development
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Local Investment Opportunities Focal Point of Pottstown Investor’s Conference
Potential investment opportunities in the borough were the main focus of the Pottstown Investor’s Conference held on April 27 at The Hill School, according to a staff report from The Hill School News. Around 65 current and prospective investors took part in the conference that was sponsored by The Hill School and the Hobart’s Run…
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Horsham’s Kreischer Miller’s Manufacturing Survey Reveals Economic Optimism
Despite current uncertainty about how the political battles raging in Washington will ultimately shape sectors, including healthcare and education, Greater Philadelphia’s manufacturing leaders remain optimistic about the economy. This optimism stems in part from a belief that the new presidential administration will lessen regulations and that recent positive market trends will continue, Horsham-based Kreischer Miller’s…
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Montgomery County Towns Dominate ‘Best Places to Live in Philadelphia’ List
With fourteen of its boroughs, towns, and townships making the list, Montgomery County dominates the Niche.com ranking of 25 Best Places to Live in Greater Philadelphia, writes Clara Lefton for Philadelphia Business Journal. The site aims to help people discover schools and neighborhoods that are the right fit for them within 25 miles of the…
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Montgomery County Is Hub of High-Income Hot Spots
Montgomery County offers its residents a wealth of opportunities, and one of them is the opportunity for wealth itself. Fourteen local communities enjoy an average disposable income that numbers in the six figures per household, according to data from Esri cited in a Philadelphia Business Journal staff report. That’s the largest share of the top…
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Personal Income of Greater Philadelphia Residents Ranks Eighth in Nation
The personal income accumulated within the Greater Philadelphia area last year is enough to give each resident $57,173, if spread equally. That amounts to a total of $347 billion, and ranks the Philly metro as the eighth-wealthiest across the entire United States, according to a Philadelphia Business Journal report by G. Scott Thomas. The rankings…
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Small Business Growth Rate in Greater Philadelphia Area Lagging Behind Other East Coast Cities
According to the latest analysis of U.S. Census data by American City Business Journals, the Greater Philadelphia area, along with the entire state, is lagging behind other major cities on the East Coast, including Boston, New York, Washington D.C. and Baltimore, write G. Scott Thomas and Alison Burdo for Philadelphia Business Journal. From 2010 to…
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Young Adults Across the State Struggling to Leave Parents’ Home
Faced with college debt, high housing costs and a weak job market, over a third of young adults between the ages of 18 and 34 across the state have opted to continue living with their parents, writes Luis Ferré Sadurní for Philly.com. The impact of their decision is a catch 22 for the economy. Fewer…
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Philly Metro Area Has GDP Comparable to Iran, Greater Than Thailand, Egypt
Despite the turmoil the United States’ economy has endured throughout the last decade, we still have by far the world’s biggest economy, writes Scott Beyer for Forbes. According to 2015 figures, the U.S.’ GDP is $18.5 trillion, 63 percent higher than second-place China at $11.3 trillion, and more than four times higher than third-place Japan.…
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Montco Companies Account for Almost Half of Philadelphia Business Journal’s 50 on Fire
The Philadelphia Business Journal recently held its first-ever 50 On Fire in Philly Awards at the SugarHouse Casino to honor the fastest-growing companies in Greater Philadelphia, writes Clara Lefton, the publication’s Special Projects Producer. Although the identity of the 50 companies had been made public weeks before, the PBJ used the event to reveal the…
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Montco Companies Dominate List of Fastest-Growing Philadelphia Firms
The Philadelphia Business Journal has launched a new initiative to identify the fastest-growing companies in Greater Philadelphia, writes Craig Ey, its Editor-in-Chief. The companies that made the list have been dubbed the “50 on Fire in Philly.” The actual rank of each company is being kept a secret until a special event at the SugarHouse…
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Robert Hart: King of Prussia Mall Will Evolve as Customers’ Tastes Change
The King of Prussia Mall has pretty much finished its massive expansion, with every aspect overseen by its general manger, Robert Hart, according to a feature in the first edition of Greater Philadelphia Business magazine. It was not a new experience for Hart, who had already gone through one major expansion during his past 12…
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New Developments Translate into Bright Future for Pottstown
Several new developments in Pottstown, including a newly constructed downtown branch of Tompkins VIST Bank, are bringing hope that a revitalization of the town is on the way, writes Daniel Block for the Philadelphia Inquirer. “You don’t see a lot of brick-and-mortar bank branches being opened these days,” said Steve Bamford, executive director of Pottstown…
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New Restaurants in King of Prussia Town Center to Generate 700 Jobs
The first of several new restaurants planned in the King of Prussia Town Center will be opening its doors to customers next week, writes Kenneth Hilario for the Philadelphia Business Journal. Eight restaurants have leased space in the 400,000-square-foot King of Prussia Town Center to create a unique dining destination. The JBG Companies, the Town…
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Montgomery, Bucks, Chester Counties Among Nation’s 10 Best for Recent College Grads
With graduation season upon us, Trulia, the online residential real estate site for home buyers, sellers, renters and real estate professionals, recently used a variety of factors to rank the 10 best and worst metropolitan areas to launch a career. The region comprised of Montgomery, Chester, and Bucks counties ranked sixth among the best places…
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King of Prussia Teeming with $1 Billion (Yes, Billion) Worth of Development in the Works
With a total of approximately one billion dollars being pumped into the development of King of Prussia, officials are hoping it becomes the suburban trifecta where people can live, work, and shop. Upper Merion is a rare suburb, the business hub of which employs 56,000 day workers, far more than the township’s 30,000 residents, writes…
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Conshohocken-Based IKEA Plans First Wisconsin Store
IKEA, the Swedish home furnishings retailer with a North American headquarters in Conshohocken, announced it is submitting plans to the city of Oak Creek, Wis., for a store that would be the company’s first in the state and increase its presence in the Midwest. Pending approvals, construction of IKEA Oak Creek could begin in Spring…
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Is a Recession Looming? Vanguard Economist Says Downturn Unlikely
In the following video, Vanguard Global Chief Economist Joe Davis examines the current low-growth environment and places the likelihood of a U.S. recession in the near future at 15 to 20 percent odds. Davis concedes that the odds of a recession are elevated given the economy’s slow growth, reduced exports and declining corporate profits. But…
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Officials Aim to Keep KOP Suburban, Yet More Dynamic and Stimulating
Eric Goldstein, executive director of the King of Prussia District, envisions a future King of Prussia that maintains its suburban roots while giving itself injections of urbanity in order to attract a new generation of businesses and workers, writes Sandy Smith of Philadelphia Magazine. “The business improvement district was founded in 2010, and it’s always…
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