Economic Development
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PAED Celebrates 60 Years of Renewal and Growth in Pottstown
For six decades, Pottstown Area Economic Development (PAED) has served as the Borough’s driving force for revitalization, reinvention, and economic growth. Originally founded in 1965 and established as a 501c3 non-profit corporation, Pottstown Area Industrial Development (PAID), helped guide the region through the exodus of heavy industry and into a new era of diverse development.…
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King of Prussia’s Dining Scene Heats Up with Eight Openings — and More on the Way
As summer kicks off, King of Prussia’s dining scene is sizzling, with eight new restaurants debuting since March and at least five more slated to open this fall. Retail and restaurant space continues to thrive in Upper Merion Township, where occupancy remains strong at 97.1 percent. Restaurants are not just part of King of Prussia’s…
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Mayor Parker Tours Southwest Philadelphia’s Massive New Amazon Facility, Promotes It As ‘Anchor’
Mayor Cherelle Parker was recently joined by Amazon executives and representatives from ACANA, to tour the new Amazon facility in Southwest Philadelphia, writes Sherry Stone for The Philadelphia Tribune. The massive 140,000-square-foot warehouse handles between 20,000 and 25,000 packages daily throughout Philadelphia, Montgomery County, and Delaware County. The site has also added several hundred jobs…
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PA Economic Secretary Rick Siger Shares Vision with Montco Business Leaders
County officials, nonprofit leaders, and small business owners gathered with optimism in Conshohocken’s Great American Pub Ballroom on Tuesday morning. At an event hosted by the Montgomery County Industrial Development Authority (IDA), attendees heard directly from Pennsylvania Secretary for the Department of Community & Economic Development Rick Siger, who affirmed the Commonwealth’s commitment to supporting…
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Progress Continues in Pottstown: PAED Issues RFP for Pottstown’s Streetscape Design Plan
Pottstown is taking another bold step toward revitalization with the launch of a new Streetscape Plan and Design initiative aimed at transforming its Downtown, Western Gateway, and Circle of Progress areas. Led by Pottstown Area Economic Development (PAED), the project is now accepting proposals for a comprehensive design that will shape the borough’s future identity and enhance the everyday…
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Philadelphia Navy Yard Receives $30M Grant from Pennsylvania for Redevelopment
Philadelphia Navy Yard has received a $30 million grant from the Commonwealth of Pennsylvania to prepare shovel-ready sites aimed at attracting businesses to the development, writes Paul Schwedelson for the Philadelphia Business Journal. Ensemble Investments and Mosaic Development Partners, the Navy Yard developers, will use the funds for a 54-acre section of the property. The…
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The Montco Made Investment Initiative Ups Funding for Local Emerging Businesses
The Montco Made Investment Initiative — a partnership between the Montgomery County Industrial Development Authority and Ben Franklin Technology Partners — is expanding its impact with an additional $500,000 in funding, writes the Daily Local News. Launched in 2018, the initiative backs emerging businesses in Montgomery County by pairing Ben Franklin’s expertise in identifying promising…
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PAED Spotlight: Pottstown’s Hollywood Garage
For Nick Yannessa, running Hollywood Garage in Pottstown is more than a job — it’s a family tradition built on hard work, trust, and a deep love for the community. Yannessa grew up around cars, helping his father, Mike, at the family’s shop as early as 12 years old. Mike first opened Mike’s Service Center…
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Pottstown Area Economic Development Welcomes Three New Board Members
Pottstown Area Economic Development (PAED) just got a boost from three local pros bringing fresh energy to its Board of Directors: Dr. Rosann Bar, Lisa Karl, and Eric Miller. Dr. Bar, now the Dean of Academic Innovation at Montgomery County Community College, has a long track record of academic leadership. She has had leadership roles…
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Chester County Achieves Fastest Population Growth in Pennsylvania
Chester County has seen the highest influx of residents in Pennsylvania over the last four years, writes Ryan Mulligan for the Philadelphia Business Journal. According to Census Bureau data as of July 1, 2024, the state’s wealthiest county gained over 26,300 new residents between 2020 and 2024. That is an increase of nearly five percent…
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King of Prussia District Announces Update to Board of Directors
King of Prussia District has announced several changes to its Board of Directors, reinforcing the organization’s commitment to strategic leadership and continued growth in the region. Martha Morales, Vice President and General Manager of Valley Forge Casino Resort, joined the Board. Morales brings extensive experience in hospitality and gaming, having held senior leadership roles at…
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Chester County Dairy Farms Caught in Crossfire of Tariff War
Chester County dairy farms have been caught in the crossfire of the Trump Administration’s tariff war as foreign governments come back with tariffs on products vital to states Trump won in the November election, writes Andrew Seidman and Lizzie Mulvey for The Philadelphia Inquirer. Among the sectors targeted for retaliation is the dairy industry, one…
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5 Key Takeaways from King of Prussia District’s 2025 Report to the Community
King of Prussia District launched its 2025 Report to the Community, an interactive website highlighting King of Prussia’s 2024 growth and economic performance, as well as the District’s impact through its initiatives. Founded in 2010 and recently renewed through 2035, King of Prussia District is dedicated to accelerating economic growth by making KOP vibrant, attractive,…
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Celebrating 25 Years of the Philadelphia Navy Yard, and Cheers to Many More
This year marks 25 years of the Philadelphia Navy Yard and the growth that has been seen in the past quarter-century has laid the ground work for the future, writes Jack Tomczuk for Metro Philadelphia. For the leaders behind the effort to redevelop the area, the future includes turning the Navy Yard into Philadelphia’s newest…
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Local CEOs Give Calm Advice, Input to Jittery Customers, Staff
CEOs in the Philadelphia region addressed jittery customers as they weighed in on inflation and federal policy changes at a Friday event organized by the Chester County Chamber of Business and Industry and the Chester County Economic Development Council, writes Jeff Blumenthal for Philadelphia Business Journal. “What we’re telling our clients, along with making sure…
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Economy League Launches Fair City Challenge to Address Disparities in Property Valuation, Neighborhood Investment
The Economy League of Greater Philadelphia has launched its latest Impact Labs social innovation challenge, the Fair City Challenge: Community Solutions for Reinvesting in Philadelphia Neighborhoods. This competition will award a $50,000 grand prize to a community-based social entrepreneur with an innovative, actionable solution that makes a direct, immediate impact on historically disinvested Philadelphia neighborhoods…
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Six Montgomery County Residents Make Forbes List of Richest People in World
Six Montgomery County residents have found their place on this year’s World’s Billionaires List, published by Forbes. Jeff Yass Bala Cynwyd billionaire and cofounder of Susquehanna International Group, Jeff Yass ranked highest at No. 64. Yass, whose net worth is $27.6 billion, dropped down on the list from last year’s No. 28 ranking. Michael Rubin…
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King of Prussia District Launches Interactive Data Dashboard, Offering Insights into KOP’s Growth
King of Prussia District has launched its new Data Dashboard, an interactive tool tracking Upper Merion Township/King of Prussia’s transformation and performance across 14 critical areas. From demographics, housing, and the labor market to office market performance and the entertainment and hospitality sectors, the dashboard is designed to provide timely and accurate information for business…
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