Economic Development
-
Pennsylvania Making Historic Investments to Spur Economic Growth, Create Jobs
In a newly released video, Gov. Josh Shapiro details how his administration has worked to make Pennsylvania more economically competitive by attracting more businesses and creating good-paying jobs. Shapiro has helped to secure more than $3 billion in private sector investments to drive growth in key industries like agriculture, energy, life sciences, manufacturing, and technology.…
-
Philadelphia City Council Committee Vote to Approve Sixers’ 76 Place Arena Proposal
Philadelphia City Council committee members have voted in favor of advancing the proposal to build a new Philadelphia 76ers arena in Center City to the full City Council, writes Paul Schwedelson for the Philadelphia Business Journal. The favorable 12-4 vote overcomes a critical hurdle and comes after several delays. “This is an important next step…
-
KOP District, Upper Merion Township Earn Montgomery Award for First Avenue Linear Park, Road Diet Projects
King of Prussia District and Upper Merion Township have received a 2024 Montgomery Award for the First Avenue Linear Park and Road Diet Project. This “complete streets” initiative has significantly enhanced safety and accessibility for pedestrians, cyclists, and motorists in the Moore Park area of King of Prussia. The project was one of five outstanding…
-
PA SITES Program Aims to Bring Business to Towns Like Horsham
Pennsylvania is investing $500 million into the PA SITES program to attract business, reports Kyle Peschler for Business Facilities. The initiative includes $400 million for the Pennsylvania Strategic Investments to Enhance Sites (PA SITES) Program. “Last year, our PA SITES pilot program made $10 million in grants available for developers and companies,” Governor Josh Shapiro…
-
Pennsylvania’s Immigrant Population Helps Drive Economic Growth
Pennsylvania’s immigrant population is one of the driving forces behind the state’s economic growth, according to a report from the Pennsylvania Immigration Coalition, writes Ashley Adams for The Keystone. Pennsylvania is the fifth most populated state in the nation and its sixth largest economy with gross domestic product of $915 billion. With around 978,000 immigrant…
-
Montgomery County is Home to 3 of the Fastest-Growing Towns in Pennsylvania
While most municipalities in Pennsylvania have seen their populations drop over the last three years, some have managed to grow, according to census population estimates. Montgomery County can lay claim to three of the 14 fastest-growing towns in Pennsylvania, writes Chris Ullery for PhillyBurbs. Worcester Township grew by 7.63 percent between 2020 and 2023, as…
-
King of Prussia District Announces 10-Year Renewal as It Pursues Vision of Making KOP an Economic Powerhouse
King of Prussia District’s Board of Directors and staff have announced the organization’s renewal through 2035. Established in 2010 as a 501(c)(3), not-for-profit organization, and subsequently renewed in 2015 and 2020, King of Prussia District’s mission is to accelerate economic growth by making King of Prussia more vibrant, attractive, and prosperous. The Upper Merion Township…
-
Chester County Dominates List of Places with Most Expensive Homes in Pennsylvania
Chester County is home to ten towns that are among the top 30 places with the most expensive homes in Pennsylvania, according to a recently released ranking by Stacker. To compile the list, Stacker used data from Zillow. Places are ranked based on the Zillow Home Values Index for all homes as of July 2024.…
-
Montco’s Workforce Is On the Rise
While the majority of Pennsylvania counties have seen their workforce shrink over the last seven years, Montgomery County managed to record an increase in its labor force, writes Chris Ullery for the Bucks County Courier Times. According to a review of annual unemployment estimates from the federal Bureau of Labor Statistics, only 22 counties had more people over the age of 16 employed…
-
As Wealth Migrates, Philadelphia Loses Income While Collar Counties Fluctuate
As residents continue flocking to the suburbs, Philadelphia lost the most wealth in total income from 2021 to 2022 in Pennsylvania, while Chester County is among the top gainers, writes Kyle Nguyen and Ryan Mulligan for the Philadelphia Business Journal. The latest data from the IRS and U.S. Census Bureau for the migration of wealth…
-
SEI Executive Sneha Shah Sees Bright Future for Philadelphia’s Startup Scene
Sneha Shah, head of new business ventures for SEI Investments, believes there is a bright future for Philadelphia’s startup scene, writes Ryan Mulligan for the Philadelphia Business Journal. People “outside of Philadelphia don’t understand how powerful this [startup ecosystem] could be,” she said. Shah used to be one of those people. Her career took her…
-
Montgomery County Shines on Inc. 5000 List: Top Fastest-Growing Companies Revealed
Montgomery County makes an impressive showing on Inc. 5000’s annual list of the fastest-growing companies in the country, reports Lia Dukart for The Philadelphia Business Journal. The publication assesses companies across the country, evaluating key factors. Companies must be for-profit, and generating revenue since March 2020, with at least 100,000 in revenue in 2020. Qualified…
-
Fort Washington-based Toll Brothers Pulls Out of Apartment Development in Ardmore
Fort Washington-based Toll Brothers has decided to part ways with King of Prussia-based Piazza Auto Group on an apartment project in Ardmore, writes Jake Blumgart for The Philadelphia Inquirer. The development, which is slated to be Ardmore’s largest apartment building, would replace the Acura and Volkswagen dealerships owned by Piazza. The auto group does not…
-
See Which Montco Towns Are Among Best Places to Live on the East Coast
Montgomery County is home to two towns that are among the best places to live on the East Coast, writes Meagan Drillinger for Stacker. To compile the list, Stacker used the 2020 data from Niche. Among the factors used to determine the ranking were the population, median home value, median rent, and median household income.…
-
Providence Town Center in Collegeville Hits Market Two Years After Last Trading
Wegmans-anchored Providence Town Center in Collegeville hit the market again just two years after it was last traded, writes Paul Schwedelson for the Philadelphia Business Journal. The 760,000-square-foot open-air retail property was purchased by a joint venture of Bethesda, Finmarc Management, and KPR Centers in 2022 for $162 million. The shopping center sits on 82…
-
Washington Post: Rural Pennsylvania Facing Population Loss
The sharp decline in rural population has put Pennsylvania at the forefront of a national discourse on the viability of America’s small towns that have long been pillars of the country’s culture, writes Tim Craig for The Washington Post. Nationwide, 81 percent of rural counties have recorded more deaths than births in the last four…
-
Drexel University President John Fry Believes Philadelphia’s Downtown Should Be Centered on the Schuylkill
In conversations about Philadelphia’s downtown recovery forecast, Drexel University President John Fry recently noted that it should be centered on the Schuylkill, writes Ryan Mulligan for the Philadelphia Business Journal. Fry is supporting his assertion with around $1.6 billion worth of construction projects currently in the works in University City and its “three innovation districts,”…
-
Preserving Tradition, Protecting Green: Pennypack Trust Acquires June Fete Fairgrounds for Permanent Conservation
Under an agreement of sale with Jefferson Abington Hospital and Abington Memorial Healthcare Corp, the Pennypack Ecological Restoration Trust (“PERT“) has agreed to purchase the parcel of land that makes up the June Fete Fairgrounds (the “Fairgrounds”). Per the terms of the agreement of sale, the PERT intends to purchase the Fairgrounds to be held…
Founding Partners
Advertisement
Affiliate Partners
Community Partners
