Economic Development
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Here’s How Pennsylvania Can Unlock Its Potential to Become a True Economic Leader
Pennsylvania companies are changing the world. It’s on us to support them and their workers and create opportunities for more to thrive. Spark Therapeutics in Philadelphia is revolutionizing gene therapy and medical treatment for genetic disease. EMD Electronics has become a global leader in semiconductor and electronics manufacturing and is building the largest integrated specialty…
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Jenkintown’s Bradley Cooper to Bring Star Power to Pennsylvania Chamber’s Annual Dinner
Bradley Cooper, Abington‘s hometown star, will headline the Pa. Chamber of Business and Industry’s annual dinner, according to Stephanie Farr in The Philadelphia Inquirer. Cooper, who also grew up in Rydal and Jenkintown, will take part in a “fireside chat” on Oct. 2, during the chamber’s 39th annual event at Hershey Lodge. The dinner has…
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West Chester-Based QVC’s Parent Company Could Be Delisted from Nasdaq
West Chester-based shopping network QVC’s parent company could be delisted from the Nasdaq Stock market. Amid restructuring plans, the retail company’s stocks plunged to $1 per share for 30 straight business days, writes Ryan Sharow for the Philadelphia Business Journal. To save face, Qurate Retail Inc.’s stocks must meet or go above $1 per…
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Southwest Philadelphia ‘CEO Big Duke’ Creates Opportunity, Gives Back to His Community
Saul Landers, better known as “CEO Big Duke”, creates opportunities in his native Philadelphia to give back to the community that raised him, reports Mike Jerrick for FOX 29 Philadelphia. He buys properties in Southwest Philadelphia to build up the area. He also often hosts community events that provide various resources to those in need.…
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Montgomery County Leadership: Bryan Fenstermaker, President and CEO, City Ave District
President and CEO of City Ave District, Bryan Fenstermaker crisscrossed the country several times before landing in the Philadelphia area. He grew up in Houston and Connecticut in a tight-knit family with two siblings. He was drawn to the team mentality of sports and had a strong work ethic at a young age, getting his…
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Amidst Questions of What a Master Plan Entails, Lower Merion Officials Look to ‘Articulate a Vision’ for Admore
Lower Merion Township is pondering the future of the downtown commercial area of Ardmore and is moving closer to finalizing a master plan, writes Richard Ilgenfritz for Main Line Media News. Through an Ardmore Master Plan, township officials are identifying recommendations for economic development, transportation, land use, and placemaking issues. In doing so, they routinely…
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Philadelphia Ranks Among 20 Cities with Lowest Income Limits for Middle Class
It takes much less to be part of the middle class in Philadelphia than for the majority of the 100 largest U.S. cities, writes Patrick Villanova for SmartAsset. The middle class is considered to be a backbone of the American economy, but it has been continuing to shrink. In the past 50 years, the percentage…
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Center City’s Economy is Recovering, But Some Areas Are Still Not Back to Pre-pandemic Levels
Thanks to its mix of residential, office, retail, medical, and entertainment buildings, Center City’s economy has been successfully recovering from the pandemic, but the bounce back is still incomplete, writes Michaelle Bond for The Philadelphia Inquirer. Philadelphia is the third most populated city in the nation, which helps in the recovery as tourists and office…
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What Does Spring Bring? Bright, Blossoming Business on the Main Line
Carolyn O’Halloran, in Savvy Main Line, reports two Main Line refreshes designed to keep the commercial-residential scene vivid and growing. Coulter Place is a $100-million upscale apartment/retail complex that replaces a former Urban Outfitters site. The mixed-use project is a joint venture between Suburban Square owner Kimko Realty and Bozzuto Group, a Maryland home- and…
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See How Philadelphia Ranked Among Large Cities Based on Downtown Pandemic Recovery
Philadelphia ranked in the lower part of the list among 31 large cities based on how quickly their downtowns surged back after the pandemic shutdowns, writes Amy Larson for PHL 17. Researchers at the Institute of Governmental Studies’ public policy research center looked at various economic health factors for 31 major large cities to determine…
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Philadelphia Ranks High Among Business Districts with the Most Co-working Spaces
Philadelphia has ranked in fifth place based on the most co-working spaces in central business district locations, writes Balazs Szekely for CoworkingCafe. The majority of significant central business districts can be found on the East Coast, including New York City, Boston, and Philadelphia, according to a recent report by the nationwide employment-trend analysis blog. Its…
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Philadelphia Is Incentivizing Developers to Add More High-Value Center City Development in Place of Parking Spaces
Philadelphia’s surplus of parking spaces is prompting the city to incentivize developers to add more high-value Center City projects instead, writes David Harrison for The Wall Street Journal. The city estimates that parking spots in downtown garages went down in number from 50,023 in 2010 to 45,898 in 2020, to be replaced with office and…
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KoP District’s 2023 Report: Employment, Business Confidence, CRE Market Have All Rebounded Well
The King of Prussia District unveiled findings from its 2023 Report to the Community that illustrate the area’s strong post-pandemic recovery and bright future. The upbeat stance reflected a willingness to move on from the disappointing news regarding the King of Prussia Rail project’s stall. Fueling the King of Prussia progress are numerous large-scale development…
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Unemployment Rate in Pennsylvania Lower Than a Year Ago
Pennsylvania’s unemployment rate for January was at 4.3 percent, the same as in December, but it was 0.2 percent lower than the January 2022 level. This is according to the preliminary employment situation report for January 2023 released by the Pennsylvania Department of Labor & Industry. At the same time, the U.S. unemployment rate went…
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This Lancaster County Community Rates on Statewide List of Richest ‘Cities’
HomeStacks, a Raleigh, North Carolina, data analysis firm — which presents statistics in “bite-sized” piece, hence the name — has analyzed Pennsylvania communities’ wealth in 2023 and ranked them accordingly. HomeStack’s Chris Kolman presented the results. The report cites a few essentials for residents who might want to relocate to one of the tonier “cities”…
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This Montgomery County Community Rates No. 2 on Statewide List of Richest ‘Cities’
HomeStacks, a Raleigh, N.C., data analysis firm — presenter of statistics in “bite-sized” piece, hence the name — has analyzed Pennsylvania‘s richest cities in 2023 and ranked them accordingly. HomeStack’s Chris Kolman presented the results. The report cites a few essentials for residents who might want to relocate to one of the tonier “cities” (the…
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Philadelphia Ranks Near Top Among Best Cities for St. Patrick’s Day Celebrations
If you are looking for a great place to celebrate the greenest holiday of the year, you don’t have to go far from home. Philadelphia ranks near the top of the list of 2023’s best cities for St. Patrick’s Day celebrations, according to a new report published by WalletHub. WalletHub compared 200 of the nation’s…
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Millions of Bucks County Tax Dollars End Up in Philadelphia Through City’s Wage Tax
Millions of tax dollars from Bucks County have ended up being collected in Philadelphia due to the city’s Wage Tax. Staff reporters from Daily Magazine wrote about the taxes. To discuss this issue, members of the Pennsylvania Senate Majority Policy Committee visited Middletown last week at the invitation of state Sen. Frank Farry. They learned…
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