Commerce
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Local Municipalities Consider Reclaiming Philadelphia’s Commuter Wage Tax
Several local municipalities have brought up a possibility of revisiting the Sterling Act, the Great Depression measure, which to this day allows the city of Philadelphia to collect a wage tax from commuters, writes Dan Sokil for the Lansdale Reporter. Philadelphia is the only municipality in Pennsylvania that is still allowed to collect earned income revenue…
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KOP’s Universal Health Services Leading Growth of For-Profit Hospitals
The growing presence of Universal Health Services in King of Prussia has taken the entire for-profit hospital industry with it, and the management firm is taking a unique path toward future success in the midst of a challenging — and rapidly changing — healthcare environment. As one of the five largest for-profit players, Universal has…
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Montgomery County Community College Appoints New VP of West Campus
Montgomery County Community College has appointed Dr. David DiMattio as the Vice President for its West Campus on College Drive, writes Joe Zlomek for The Pottstown Post. As part of his new responsibilities, DiMattio will oversee all aspects of campus operations, serve as a member of the Cabinet of the President, and will supervise growing…
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Collegeville Yoga Bar Recognized as Emerging Business of the Year
Stefania Davidse did not expect that her first visit to a studio for a yoga class would lead her to a successful business venture, writes Susan L. Pena for the Reading Eagle. However, after discovering all the benefits, the Montgomery County native started taking six yoga classes a week while maintaining her teaching career. She then…
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Pottstown School Board Mulls Giving Teachers $10,000 in Forgivable Loans to Buy Houses in Borough
The pieces seem to be falling into place for the Pottstown School Board’s plan to help professional employees buy homes in the borough with $10,000 forgivable loans, writes Evan Brandt for the Pottstown Mercury. The idea was first proposed in July last year by Thomas Hylton, a member of the school board, and he submitted…
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President of KOP’s Bala Consulting Engineers Discusses How Businesses Can Weather the Storm
Michael Anastasio, president of King of Prussia’s Bala Consulting Engineers, was one of four CEOs who recently described, to an audience at the Radnor Country Club, how their businesses handled challenges on their pathway to growth. The chief executives spoke to the 120 members and guests of the Greater Philadelphia Senior Executive Group, an organization…
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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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Former Bentley Systems Executive Invests Big in Pottstown’s American Keg
Production is pouring out of the only stainless steel keg manufacturer in the country in order to quench the growing thirst of the craft brewing industry, and that means big business for Pottstown. A business venture that originated with Sly Fox Brewing’s John Giannopolous as Geemacher is now flowing at full speed thanks to a…
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American Legion Post in Fort Washington to Undergo $4 Million in Renovations
American Legion Post #10, located on South Bethlehem Pike in Fort Washington, will undergo a $4 million renovation, courtesy of Delaware County-based Power Home Remodeling, writes Alison Burdo of the Philadelphia Business Journal. Power will fund and construct a residential property – including four townhomes and four two-bedroom apartments – a fitness center and a…
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One Year After Fire Destroys Its Headquarters in Plymouth Township, City Floor Supply Rebrands, Moves to King of Prussia
A year after the one-story commercial building that housed the Philadelphia Floor Store in Plymouth Township went up in flames, the company changed its name to City Floor Supply and has found a new home on East Church Road in King of Prussia. And now, the nation’s leading hardwood floor supplier has officially opened its…
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Despite Drooping Sales in California, Toll Brothers Expects Business to Pick Up in Golden State
Apart from lower sales in California, Horsham’s Toll Brothers has reported a successful second fiscal quarter, beating expectations and reassuring nervous investors of good days to come in the Golden State, writes Tom Terrarosa for TheStreet. The luxury-home developer reported earnings of 51 cents per share on revenue of $1.12 billion for its fiscal second…
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Blue Bell’s Neos Therapeutics Competing for Share of $10 Billion ADHD Market
Blue Bell’s Neos Therapeutics is starting to compete for a share of the $10 billion ADHD market with last week’s launch of its first branded product for the treatment of the disorder, writes John George for the Philadelphia Business Journal. Vipin K. Garg, President and CEO of Neos, indicated that ADHD is most commonly treated with…
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Fort Washington’s TruMark Financial Expands with Acquisition of Keystone Federal
With the acquisition of Keystone Federal Credit Union, the Philadelphia region’s third-largest credit union is expanding its presence in the region, writes Jeff Blumenthal for Philadelphia Business Journal. TruMark Financial Credit Union, which recently relocated its headquarters from Trevose to Fort Washington, already has six locations in Philadelphia and Montgomery County, four in Bucks County,…
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Real Estate Investment Broker: It’s Flashing Red Lights in King of Prussia Now
Over the last several years, King of Prussia has become the focal point for numerous commercial real estate property investors, including many from out of state, writes Natalie Kostelni for the Philadelphia Business Journal. According to Montgomery County property records, nearly $906 million has been spent over the last eight years on office, retail, apartment, flex…
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Norristown Resident, Former Newspaper Delivery Driver Invents Handy Hook to Prevent Chaos in the Car
They say that necessity is the mother of invention. Having for years delivered newspapers – the New York Times and Philadelphia Inquirer among them – Norristown’s Geraldo Gonzalez became obsessed with figuring out a way to organize them without creating chaos in his car. The 45-year-old Gonzalez tinkered with suction cups and Velcro, before inventing The…
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House of the Week: Narberth‘s Gothic Jewel
With the completion of one of the most caringly executed adaptive reuse projects, Main Line rebuild is offering a stunning property in a family-friendly community, writes Sandy Smith for Philadelphia Magazine. Conveniently situated at 200 Price Ave. # ELM 5, just two-and-a-half blocks from the center of Narberth, the unit is in part of a church…
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Pair from Pottstown’s Wolf, Baldwin & Associates Recognized as Super Lawyers
Two attorneys from the Pottstown law firm Wolf, Baldwin & Associates have been named to Super Lawyers magazine’s list of top attorneys in Pennsylvania for 2016. Levi S. Wolf was highlighted for his practice in Workers’ Compensation, and Julie J. Marburger was named as a Rising Star in the area of Family Law. Wolf became…
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Fort Washington’s RAM Technologies Illustrates How to Lower Cost of Medicare and Medicaid Administration
Fort Washington’s RAM Technologies, the leading provider of enterprise claims processing software and claims adjudication software for health plans, has announced it will continue to support America’s Health Insurance Plans (AHIP). RAM will participate in AHIP’s Institute 2016 in Las Vegas as both a sponsor and exhibitor and will be demonstrating proven solutions to reduce…
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