Philadelphia Business Journal
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Bala Cynwyd-based Hamilton Lane Raises Millions in IPO for Sponsored SPAC
Bala Cynwyd-based Hamilton Lane raised $240 million in an initial public offering for its first blank check company, Hamilton Lane…
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King of Prussia Fintech Startup PowerPay Finds Success Amid Pandemic
With $2 million in seed funding provided by several well-known Philadelphia CEOs, co-founders of King of Prussia-based PowerPay David Haas…
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Radnor Company to Buy Inquirer’s Conshohocken Printing Plant
Radnor-based MLP Ventures, the real estate company run by J. Brian O’Neill, has put the Philadelphia Inquirer’s 674,000-square-foot printing plant…
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Merck CEO’s Foundation Donates $1M to Support Healthcare Programs That Address Social Factors
The Andréa W. and Kenneth C. Frazier Family Foundation has donated $1 million to help address social factors that impact…
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Harcum College Board Member Behind Amazon Prime Competitor’s to “Shark Tank”
Kent Griswold, a board member of Harcum College in Bryn Mawr, is one of the creators of “Wolf PAC of…
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Wawa Opens Its First Standalone Drive-Thru in Neighboring Bucks County
Wawa opened its first standalone drive-thru location in neighboring Bucks County on Friday, writes Laura Smythe for the Philadelphia Business…
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Local Development Leaders Believe Manufacturing, Life Sciences Gains Point Toward Growth Opportunities for Philadelphia Region
While the Philadelphia region has been rattled by the pandemic, local economic development experts believe there are plenty of growth…
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Plymouth Meeting-based Inovio Signs Licensing Agreement with China’s Advaccine for Its COVID-19 DNA Vaccine Candidate
Plymouth Meeting-based Inovio saw its stock jump after signing a collaboration and license agreement with Advaccine Biopharmaceuticals Suzhou for its…
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PPP Loans Provided Crucial Relief, Help Small Local Colleges Avoid Layoffs, Furloughs
Payroll Protection Program loans have provided crucial relief for small local colleges, enabling them to weather the pandemic without having…
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Public Service Truly Pays; Check Out Pennsylvania’s Highest-Paid State Employees
The highest-paid state employees in Pennsylvania are either managing the retirement fund for public school workers or heading institutions of…
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Ambler-based Phenom Continues to Grow, Expands in Europe with Endouble Acquisition
Ambler-based Phenom is continuing its rapid growth with the acquisition of Amsterdam-based Endouble, writes Michelle Caffrey for the Philadelphia Business…
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Limerick Diner Files for Chapter 11 Bankruptcy Protection, But Staying Open
The entity behind Limerick Diner, Limerick Dining Corp., has filed for Chapter 11 bankruptcy protection due to the pandemic, writes…
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Elkins Park Podiatrist Puts Long-term Plans on Hold During Pandemic
Dr. Margie Plon, an Elkins Park podiatrist, has put all her long-term planning on hold for the first time in…
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Developer Awaiting Approval for Transformative $150M Riverfront Project in Bridgeport
PRDC Properties is poised to receive final approval for a potentially transformative, $150 million riverfront project in Bridgeport, writes Natalie…
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As Apartment Rent Rates Rise Nationwide, How Bad Is It For Tenants Here?
While the past 18 months have ushered in an unprecedented sellers’ housing market nationwide, apartment rent rates have also followed…
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Copy of Five Philadelphia-area Companies Rank Among Most Female-Friendly Companies in World
Five companies from the Philadelphia area have ranked among the most female-friendly companies in the world, according to Forbes’ inaugural…
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Owners of Phoenixville’s Steel City Coffeehouse: ‘You Have to Take Risks to Keep Your Business Going’
Despite the pandemic and significantly reduced revenue, the owners of Phoenixville’s Steel City Coffeehouse continue to invest in their business,…
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Pharma Industry Veteran Joins King of Prussia-based Discovery Labs as Its President and COO
Joerg Ahlgrimm, a former Baxter Healthcare executive, has joined King of Prussia based Discovery Labs as its president and chief…
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