Economic Development
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Bryn Mawr College Event Tackles Finding Solutions to Growing Homelessness Crisis
HealthSpark Foundation based in Colmar recently hosted a conference on the homelessness crisis in Montgomery County at Bryn Mawr College, writes Rachel Ravina for The Reporter. At the event, 250 people came together to brainstorm possible solutions. Participants in “Meeting the Moment: Taking Action on Homelessness and Affordable Housing in Montgomery County” included advocates, developers,…
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United States Economy Adds 353,000 Jobs, Surpassing Expectations
The latest job report provided another proof that not only did the United States manage to avoid recession, it is adding new jobs in unexpectedly high numbers, writes Paul Wiseman for The Philadelphia Inquirer. The nation’s employers delivered a burst of hiring in January, adding 353,000 jobs to the economy. That surpassed the December gain…
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Average Debt Per Resident in Pennsylvania Lower Than National Average
Pennsylvania recorded an average debt per resident of $85,047 across mortgages, auto loans, student loans, credit cards, and other debts, which is significantly lower than the national average of $103,358, writes Liz Knueven for the Business Insider. The Keystone State’s average debt is the 16th lowest in the nation. The highest average belongs to Washington…
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2024 Economic Outlook: Are We Above Water?
By Dario Bellot, Chief Financial Officer, Harcum College With gas prices hovering around $3 per gallon, inflation in decline, and unemployment the lowest in decades, is an economy recovery a reality? Not necessarily. The stock market performed well in 2023. The S&P 500 gained 24 percent, the Dow Jones 14 percent, and the NASDAQ soared,…
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What is the Expected Economic Impact of Philly’s 2026 FIFA World Cup Games?
The official match schedule for the 2026 FIFA World Cup has been released. As a result, a second look is being taken to analyze the economic impact the games will have on Philadelphia, writes Justin Udo for KYW Newsradio. Lincoln Financial Field in South Philadelphia will host six FIFA World Cup matches in 2026, each…
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Montgomery County Residents Brainstorm Ways to Make Housing More Affordable
Housing affordability remains an important issue in Montgomery County as house prices and the cost of living continue to rise, writes Rachel Ravina for The Times Herald. To find solutions, Montco 30% Project recently hosted a panel for local government officials and residents at the Reformed Church of Ascension in West Norriton. “It is a…
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Pennsylvania’s $4 Billion Forgotten Bounty: Could Some Be Yours?
Pennsylvania Treasury Department currently has over $4 billion in unclaimed property that includes dormant bank account funds, stocks, jewelry, and much more, writes Ashley Adams for The Keystone. Treasury Department data shows that one in ten Pennsylvanians is owed unclaimed property, with a typical claim amounting to approximately $1,600. With National Unclaimed Property Day –…
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Watch for These Montgomery County Development Projects in 2024
Development projects in the Philadelphia region are still facing a lot of uncertainty in 2024 as some have been paused, altered, or stopped altogether, writes Paul Schwedelson and Ryan Mulligan for Philadelphia Business Journal. There is still a sense of optimism, however, that many of these projects will help improve the region’s economic future. Here…
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Work Begins on Converting Pottstown Furniture Store into Apartments, Commercial Space
Construction has already begun on a downtown Pottstown project to convert a former furniture store into apartment and commercial space, according to WFMZ 69 News. The Pottstown Area Economic Development said that the property at 269 and 305 High Street used to be Lastick Furniture. The store closed in 2022 and now the two buildings…
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More Companies Are Opting to Bring Employees Back to Office Five Days a Week
UPS recently informed its employees that it will require full-time office attendance, joining a small group of big companies that are pushing for five days in the office, writes Chip Cutter for The Wall Street Journal. Other major companies that already asked at least some segments of their workforce to return to the office full-time…
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Reimagined Coatesville: The Revitalization of Chester County’s Only City is Starting to Boom
The City of Coatesville, which has a rich history in steel fabrication, is on an upward swing, with businesses, restaurants, and retail shops flocking to the downtown area, writes Edwin Malet for County Lines Magazine. The Midway Arts Building has been home to over 30 businesses since its opening in 2019. The Made in Coatesville…
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Shapiro Hopes His New 10-year Economic Development Plan Sets a New Course for Pennsylvania’s Future
Pennsylvania governor Josh Shapiro recently outlined a series of key investments he would like to see the state undertake as part of a new 10-year economic development plan for the commonwealth, writes Nate Doughty for the Philadelphia Business Journal. There are five defined goals in the plan, including: The plan aims to help Pennsylvania “catch up”…
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Montgomery County’s GDP was the Third Highest in the State in 2022
Since the pandemic hit in 2020, U.S. economists have been concerned about declining gross domestic product, writes Stacker. Here in Montgomery County, 2022 was a better year for the local economy. Montgomery County’s GDP was $100 billion that year —the third highest of the 67 counties in the state. Pennsylvania’s overall GDP in 2022 was…
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Pennsylvania’s Unemployment Rate Remains at Record-Low for Third Consecutive Month
The unemployment rate in Pennsylvania remained at a record low 3.4 percent for the third consecutive month in November, writes Jonathan D. Salant for The Morning Call. According to preliminary numbers by the U.S. Bureau of Labor Statistics, the unemployment rate was lower than the 4 percent rate in November 2022. As the economy continued…
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WSJ: How Poker Lessons Can Help Women Succeed in the Workplace
Poker is known as a game of focus, strategy, and determination. Those are all qualities that are also prevalent in the workplace, writes Kayla Webster for The Wall Street Journal. In Fortune 500 companies, women are glaringly underrepresented. Those qualities can be a catalyst toward closing that gap. Jenny Just, a fintech founder, helped launch…
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As Longtime Sponsor of Philly Chamber’s Annual Economic Outlook, Firstrust Bank Underscores Its Commitment to Region’s Economic Development
For the 14th consecutive year, Firstrust Bank — Philadelphia’s Hometown Bank, which was founded during the Great Depression — sponsored The Chamber of Commerce for Greater Philadelphia’s economic outlook, held last week at the Kimmel Center. The bank’s support of the annual event underscores its commitment to the region’s economic development. “What I think is…
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MONTCO Today Wishes You Merry Christmas and Happy Holidays
MONTCO Today would like to wish you and your family a Merry Christmas and Happy Holidays! If 2023 has taught us anything, it’s that the world continues the change at a dizzying pace. Some things never change, however, including our eternal gratitude for your dedicated readership and for allowing us to try to brighten each…
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If You’re Going Through Summer Withdrawal, Check Out These Upcoming Wildwood Projects
As we head into the winter holidays, those summer days down the shore may seem worlds away. Don’t worry though, here are some upcoming new developments planned for The Wildwoods to hold you over until the summer months return. There are 11 development plans planned to reinvigorate The Wildwoods, writes Ryan Mulligan for the Philadelphia…
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