Economic Development
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State Rep. Brian Kirkland Hosts Public Hearing on Jobs, Economic Development in Chester
A House Democratic Policy Committee public hearing recently hosted by State Rep. Brian Kirkland at Chester City Hall focused on jobs and economic development, according to a report from the Daily Times. The hearing was also attended by Policy Committee Chairman Mike Sturla and state legislators from across Pennsylvania. One of the issues discussed was…
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As Doubt Sets In over Philly’s Status for Amazon’s HQ2, Details Emerge from Secret Pitch Dinner
As doubt sets in about whether Philadelphia remains in the running for Amazon’s HQ2 after it didn’t get a second-round visit, details have emerged from the city’s secret pitch dinner in February, writes Fabiola Cineas for Philadelphia magazine. Philadelphia originally submitted its bid for Amazon’s HQ2 in October 2017, and it made the short list…
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Check Out Where Delco’s Average Weekly Paycheck Ranks Among State’s 67 Counties
Chester County has the highest average weekly paycheck among the 67 counties in Pennsylvania, while Delaware County has the sixth-highest, writes Megan Lavey-Heaton for the Harrisburg Patriot-News. Pennsylvania’s average paycheck has increased 3.5 percent between December 2016 and December 2017, which is close to the national average of 3.9 percent. According to data released by…
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Philadelphia to Reboot Its Global Identity in Order to Compete for Business, Talent
After a rigorous selection process, Philadelphia officials have picked the Brownstein Group to help them navigate the process of rebooting the city’s global identity, writes Kenneth Hilario for the Philadelphia Business Journal. Philadelphia, along with three other regions across the country, were chosen by the Brookings Institution to participate in a project that tests how…
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Newtown Square’s Ellis Preserve Emerges as One of Region’s New Town Centers
Originally a school for orphaned girls, the Ellis Preserve mixed-use community has become a bustling village in the heart of Newtown Square, writes Sandy Smith for Philadelphia magazine. Just off the crossing of West Chester Pike and Newtown Street Road, it’s the brainchild of Equus Capital Partners, which moved its headquarters there last year. The…
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Report: Philadelphia Region Leads U.S. in Wage Growth
Glassdoor, the company-rating platform, says the Philadelphia metropolitan area leads the country in wage growth over the last year, writes Michael Tanenbaum for PhillyVoice. The new economic analysis, which encompassed Philadelphia and parts of surrounding suburban counties, says median base pay rose 2.8 percent to $55,723 over the last year. The report tracked 84 jobs…
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New Report Details How Immigrants Spark Pennsylvania’s Economy
Immigrants are a growing portion of Pennsylvania’s population and are vital contributors to its economy, especially in the Philadelphia area, writes John McGuire for AL DÍA News. A report published last year by New American Economy found that there are 867,992 immigrants living in Pennsylvania, a number that accounts for 6.8 percent of the total…
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Media Ranked as Best Place to Retire in Pennsylvania
Anyone looking for the perfect spot to enjoy their retirement should head out to Media as the Delaware County town is at the top of the list of places to retire in Pennsylvania, according to a recently publish report by the personal financial technology company SmartAsset, writes Philadelphia Business Journal. To find the best places…
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Washington Post Puts Philadelphia’s Tech Economy at Bottom of Amazon’s Shortlist
New analysis published by The Washington Post ranks Philadelphia’s tech economy at the very bottom of Amazon’s shortlist for its second headquarters, writes Michelle Caffrey for the Philadelphia Business Journal. The assessment used nine metrics from the Brookings Institution and other analysts to rank the tech economies of the 20 finalists for what will be…
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Pennsylvania Believed to Be Offering Amazon $1 Billion in Incentives
Pennsylvania is believed to be offering as much as $1 billion in incentives in its bid to lure Amazon’s second headquarters to the state, writes Mark Belko for the Pittsburgh Post-Gazette. The newspaper has appealed the state’s decision to deny a right-to-know request seeking information on the incentives being offered to Amazon for its HQ2.…
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As Workplaces Become More Focused on Millennials, Baby Boomers Feel Left Behind
With the workplace becoming increasingly geared toward millennials, many baby boomers feel they are being pushed aside or even out, according to Knowledge@Wharton. After spending decades as the most coveted generation, baby boomers are falling victim to working at a time of enormous pressure to achieve higher corporate profits and increasingly sophisticated technical skills. In…
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Pennsylvania Rates Poorly in Several Rankings Based on Economic Issues
The American Legislative Exchange Council has rated Pennsylvania poorly on economic issues, adding to the slew of low rankings in national surveys for the Keystone State, writes John Baer for the Philadelphia Inquirer. The limited-government, free-market group includes 2,000 legislators and calls itself nonpartisan. However, it’s known for pushing conservative causes and ranking conservative states…
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Delco Home to ZIP Code with Most Disposable Income in Greater Philadelphia
Eight Delaware County ZIP Codes are among the Top 50 in Greater Philadelphia with the most disposable income, with Villanova on top, according to rankings compiled by the Philadelphia Business Journal with data from the Environmental Systems Research Institute. Disposable income is defined as the amount each household has after all taxes have been paid.…
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Experts Discuss Future of U.S. Economy Under New Chair of Federal Reserve
One of the main questions after Jerome Powell’s appointment to Chair of the Federal Reserve is whether he will continue Janet Yellen’s paced approach or take a more aggressive path, according to Knowledge@Wharton. Peter Conti-Brown, a Wharton professor of legal studies and business ethics, and Lisa D. Cook, a Michigan State professor of economics and…
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Pennsylvania Rolls Out Red Carpet for Amazon with Most Generous Incentives Ever Offered
Pennsylvania is preparing what is perhaps its most generous incentive package to date to have Amazon select either Philadelphia or Pittsburgh as its second headquarters, writes Jan Murphy for the Harrisburg Patriot-News. Dennis Davin, the state’s Community and Economic Development Secretary, announced that Pennsylvania was one of two states – the other being Texas –…
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Enthusiasm, Concern Among Reactions as Region Makes Amazon’s Short List
Reaction to the news that Greater Philadelphia is one of the 20 cities/regions on Amazon’s short list for its second headquarters has run the gamut from enthusiasm to concern, writes Alison Burdo for the Philadelphia Business Journal. The city’s government officials shared their thrilled responses to the decision. This included Mayor Jim Kenney, who credited…
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Economic Impact of Sunoco’s Mariner East More Than Double What Was Originally Projected
In 2015, Econsult Solutions Inc. (ESI), an economic consulting firm based in Philadelphia, estimated the economic impact of Sunoco Pipeline’s Mariner East project based on the then-under-construction Mariner East 1, the proposed Mariner East 2, and the associated upgrades being made to the Marcus Hook Industrial Complex (MHIC). Since that time, the potential economic impact…
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NBC Highlights Sunoco Pipeline’s Contributions to Local Economy
“In 2014, an ambitious plan to provide a better outlet for Pennsylvania’s natural gas resources was put into motion,” NBC 10’s Tracy Davidson said in a recent Growing Greater Philadelphia episode. “Three years later, the project is nearly complete, thanks to a major effort to our region’s trade organizations.” Sunoco Pipeline has spent $3 billion…
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