Economic Development
-
Future of Sixers’ Arena Project Remains Uncertain Year After First Mentioned
Billionaire developer and co-owner of the Philadelphia 76ers David Adelman first proposed building a new arena for the team at Market East in July last year, writes Laura Swartz for the Philadelphia Magazine. A year later, the future of the $1.3 billion 76 Place is as unknown now as it was then. Adelman envisioned an…
-
WSJ: How Center City Architect is Balancing Flexibility and Face Time in the Office
As office attendance is once again slumping nationwide, John Hayes, founder of Philadelphia-based Blackney Hayes Architects, believes the situation has no easy solution, writes Gretchen Tarrant for The Wall Street Journal. “We are stuck,” said Hayes. “Remote work means remote engagement. In-office means less flexibility.” Bosses believe that developing young workers and new hires –…
-
SBA Loans Available to Montgomery County Small Businesses Affected by Recent Disasters
The Small Business Administration is making low-interest Economic Injury Disaster Loans available to small businesses, small agricultural cooperatives, small aquaculture enterprises, and private nonprofits which were affected by the recent disasters in Pennsylvania, including the Pennsylvania R.M. Palmer company factory explosion and the Interstate 95 bridge collapse, writes Manuel Herrera for Al Dia. The loans…
-
Over 20 Montgomery County Companies Made Top 100 Largest Philadelphia Area Public Companies List
Montgomery County represented well in the latest ranking of the largest Philadelphia Area Public Companies. Todd Romero researched the companies for the Philadelphia Business Journal. The list includes publicly traded companies headquartered within the counties of Berks, Bucks, Chester, Delaware, Lancaster, Lehigh, Montgomery, and Philadelphia in Pennsylvania. It also includes counties in New Jersey and…
-
Food Insecurity Was the Fifth Most Pressing Need in Lower Merion Township in 2022
Lower Merion Township is one of Montgomery County’s wealthiest areas, but even residents there worry about having enough food to feed their families, writes Emily Rizzo for WHYY. Food pantries in Lower Merion Township are seeing increasing food insecurity with SNAP benefit cuts, according to Rizzo. The township’s 2022 community need assessment found that food…
-
See How Philadelphia Ranked Among Cities Where $250,000 Salary Goes Furthest
Philadelphia is in the bottom half among the 76 largest cities in the United States based on how far a $250,000 salary can actually go, write John Klyce and Lisa Dukart for the Philadelphia Business Journal. Earlier this year, SmartAsset, the financial technology company, ranked 76 of the largest cities in the U.S. to determine…
-
City Ave District Launches Two New Master Plans to Support Evolution, Growth of City Ave
City Ave District has two new master plans that aim at furthering City Ave’s transformation to a popular live, work and entertainment destination. With a series of multi-million-dollar development projects currently underway, the retail and merchandising masterplan will provide a roadmap for retail attraction and continued development across the district. Actionable recommendations produced by the…
-
City Ave District’s Seasonal Farmers Market Returns with a New Day & Time
A sure sign of the summer season, the Bala Cynwyd Farmers Market has returned. This year’s seasonal market will be held every Thursday through November 23, at One Belmont Avenue, from 3 p.m. to 7 p.m. This year’s vendor selection will boast an array of rotating local artists and artisans, food trucks, and farm vendors…
-
Navigating Choppy Seas — How To Stay Afloat In A Sea Of Economic Turbulence
The global financial landscape is currently facing several challenges. Rising inflation, the war in Ukraine, possible US default, and the Federal Reserve’s interest rate hikes all contribute to a volatile and uncertain market. The current, choppy financial landscape includes: Rising Sea of Inflation Inflation is rising in many countries, making buying goods and services more…
-
Pennsylvania Ranks Among Best States for Minority Entrepreneurs
Pennsylvania is one of the best states in the United States for minority entrepreneurs to succeed, according to a new study recently released by Lendio. Lendio analyzed seven key metrics to determine the best and worst states for minority entrepreneurs, including access to small business loans and the business ownership rate. The Keystone State was…
-
Greater Philadelphia’s Efforts to Retain College Talent Proving Fruitful
The Philadelphia region has significantly increased its retention of college talent in the last two decades, but there is still plenty of room for improvement, writes Sarah Huffman for the Pennsylvania Capital-Star. Philadelphia only retained around 25 percent of college students in the region in the early 2000s, when Campus Philly, the nonprofit focusing on…
-
Penn State Abington Economist: Pivot Toward Part-time Jobs May Be Long-term
The rise in part-time workers has continued even after the pandemic, with a growing number of people deciding they would rather cut spending than lose the flexibility offered to them from part-time hours, writes Alana Semuels for Time. “There’s this reevaluation of how people are spending their time,” said Lonnie Golden, a Penn State Abington…
-
See How the Region Ranked Among the Nation’s Best Performing Cities in 2023
The three-county region of Montgomery, Chester, and Bucks counties made significant gains in economic performance in 2023, compared to the previous year, according to a report by the Milken Institute on the best-performing cities in 2023. The Milken report reviewed the ongoing impact of the pandemic nationwide as it ranked 403 metropolitan areas; 200 large…
-
Northampton Playground in Bucks County Expands to Include Everyone
It’s been nearly a year since a grand re-opening of a municipal park-inclusive playground in Northampton Township, Bucks County, and community leaders are looking back at the park’s impact. The grand re-opening of the Miracle League Municipal Park Inclusive Playground took place in September 2022. The event was a milestone for a cherished community gathering…
-
Increasingly Vibrant Outer Suburbs Are Redefining What It Means to Be ‘from the Philadelphia Area’
Two Montgomery County towns are among suburbs that are redefining what it means to hail from the “Greater Philadelphia” area. Sandy Smith covered the blurring geographies in the Philadelphia Magazine. Suburbanites once defined themselves as living within commuting distance of city-based employment. But as economic prosperity spread from city centers outward, those definitions evolved, especially…
-
Governor Shapiro Visits Renovated Senior Center in Roslyn; Details Plan to ‘Put More Money Back in People’s Pockets’
Governor Josh Shapiro recently visited Salem Senior Center in Roslyn, which officially opened this week, according to a staff report from the Glenside Local. The updated center near Abington, which is managed by Salem Baptist Church, now has a new meeting and activity space, a commercial kitchen, and new computers, among other amenities. Shapiro used…
-
District Vision for City Avenue: ‘People Believe It’s Just a Road; We’re Going to Change That’
Participants at a recent roundtable on the future of City Avenue in Bala Cynwyd outlined a bold vision for a Montgomery County community once seen as a passageway to other area destinations. Paul Schwedelson, of the Philadelphia Business Journal, captured their fervor for transforming the landscape. Extensive Facelift Planned projects that include residential, commercial, and…
-
Officials Seek Input on Norristown Community Facilities Project
Montgomery County officials are holding meetings and conducting surveys with the community to best assess how to spend the $7 million federal COVID-19 relief dollars. The money is part of the American Rescue Plan to fund the Norristown Community Facilities Project. A May 10 session with the community touched upon using the money for…
Founding Partners
Advertisement
Affiliate Partners
Community Partners
