Economic Development
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Ribbon Officially Cut on New Hotel in Newtown Square’s Ellis Preserve
Equus Capital Partners recently held a ribbon-cutting ceremony for the Hilton Garden Inn in Newtown Square, ahead of its official opening on Nov. 22, writes Kenneth Hilario for the Philadelphia Business Journal. The 138-room hotel will primarily operate as a business service hotel as it is ideally positioned directly off the Main Line. It will…
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Upper Darby Gives Super Wawa Project the Green Light
Upper Darby officials have given the green light for the construction of Super Wawa at the corner of Baltimore Pike and Oak Avenue, writes Linda Reilly for the Delaware County News Network. The announcement ends months of speculation that the proposed store may go to Clifton Heights, instead of Upper Darby. The plan – which…
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Radnor’s Brandywine Realty Pitches Philadelphia, Austin Properties for Amazon HQ2
Radnor’s Brandywine Realty Trust has sent two submissions to Amazon, one for Philadelphia and one for Austin, Texas, as locations for the highly coveted Amazon HQ2, writes Natalie Kostelni for the Philadelphia Business Journal. The 123-page pitch – entitled “Two Cities. One Solution.” – strikes a balance between the two cities to avoid favoritism. But…
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German American Chamber of Commerce Gala Will Celebrate Innovation
Click here for more information on the GACC Philadelphia 18th Annual Gala on November 16th.
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Investment Activity in Region Drops for First Time in Three Years
Investment activity in Greater Philadelphia has dropped after three years of continuous growth, writes Michelle Caffrey for the Philadelphia Business Journal. A new report by the Philadelphia Alliance of Capital and Technologies and PitchBook shows that venture capital activity has dropped significantly, both in dollars invested and the number of deals. As of Sept. 30…
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Known for Having Brought Jobs to Rural Delco, Exec at Concordville’s Southco Dies at 95
Thomas B.T. Baldwin, a sales executive from Media who helped bring jobs to rural Delaware County with Southco, died last month at 95, writes Bonnie Cook for the Philadelphia Inquirer. Baldwin, who served in the Army during World War II, worked for Southco from the mid-1940s to the mid-1980s. Advertisement The manufacturer of industrial-grade fasteners started…
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Delco Home to 10 of Region’s 100 Fastest-Growing, Privately Held Companies
Delaware County is home to 10 of The Philadelphia 100, a list of the region’s privately held companies ranked by percentage growth over the last three years. The Philadelphia 100 has been the hallmark of entrepreneurial achievement in the region since 1988. The project, which is run by the Wharton Small Business Development Center and…
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How Do Companies Choose a Location for Their Headquarters?
Cities have a growing list of requirements they need to meet when trying to entice companies to move their businesses there, according to a report from Knowledge@Wharton. “For most businesses, the issue of location choice now is driven by labor: Will we be able to attract the white-collar skills we need?” said Wharton management professor…
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Delco Throws Its Hat in the Amazon Ring, Hoping to Land Online Retailer’s Second Headquarters
On Wednesday afternoon at the Chester waterfront, Delaware County Council announced the county’s proposal to serve as the site for Amazon HQ2, the online retailer’s second headquarters in North America. Joined by Delaware County Commerce Director Patrick Killian, Delaware County Chamber of Commerce President Trish McFarland, Chester Mayor Thaddeus Kirkland, and federal, state, and local…
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Region Boasts Options for Amazon’s New Headquarters
America’s go-to online retailer could really click with a second headquarters in Philadelphia, and both Malvern’s Liberty Property Trust and King of Prussia are in the early conversations about pitching Philly’s virtues, as Amazon looks to expand its physical presence. Liberty’s vast Navy Yard development is one of three frontrunners with enough space to host…
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Delaware County’s Heroin Task Force Gives Those in Recovery a Second Chance
District Attorney Jack Whelan and Delaware County Councilman Dave White, founders and co-chairs of the Delaware County Heroin Task Force, have announced a new program aimed at helping those in long-term recovery. Joined by members of the Heroin Task Force, Delaware County’s Office of Workforce Development Board, the Delaware County Chamber of Commerce, Educational Data…
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Conchester Highway Finally Ready to Revive Upper Chichester
The lifeblood of the Upper Chichester economy has slowly drained away while waiting for answers about the future of the Route 322 corridor, but now that there are concrete plans, township leaders are busy working to revive the local economy. “A lot of the hurt we have taken is due to the lack of investment…
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Bureau of Labor Statistics: Delco Has Region’s Fastest-Rising Average Wage
You might want to take a closer look at your paycheck, because Delaware County workers are seeing their wages increase faster than anywhere else in the Philadelphia metro area. The county’s 7.9 percent hike in average weekly wage over the past year also put it just outside the Top 50 for the entire nation at…
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Wall Street Journal: Today’s Jobs Offer More Flexibility, Fewer Benefits
Work expectations and job security have shifted significantly over the last two generations, giving today’s workers more flexibility and control over their jobs but fewer benefits, write Lauren Weber and Stephanie Stamm for The Wall Street Journal. In 1973, six percent of Americans complained about working excessive hours, compared to 26 percent in 2016 who…
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New Study Suggests Millennials Are Different, but Not Necessarily Worse Employees
Millennials have a bad reputation when it comes to their work habits, but the facts show they aren’t much different than previous generations, writes Joel Naroff for the Philadelphia Inquirer. While often labeled as job-hoppers, a study by the Pew Foundation has found that more than 63 percent of millennials, or those between 18 and…
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Delco Places Pair of Companies on Philadelphia Business Journal’s Soaring 76
The Philadelphia Business Journal has launched a new initiative in 2017 – entitled Soaring 76 – to identify the fastest-growing companies in Greater Philadelphia, writes Clara Lefton. “Greater Philadelphia’s economy is increasingly diverse and dynamic,” said PBJ Publisher Sandy Smith. “We consider it a crucial part of our mission to identify and recognize the companies…
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Delaware County Council Joins Gov. Wolf to Discuss SAP Expansion
Delaware County Councilman Dave White, Governor Tom Wolf, State Senator Tom McGarrigle, and State Representative Chris Quinn recently met with SAP North America President Jennifer Morgan and SAP executives to discuss the company’s plans to add new jobs at its U.S. headquarters in Newtown Square, as well as expand throughout the state. SAP plans to…
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Businesses Flock to Suburbs in Search of Affordable Office Space, and Millennials Are Loving It
Businesses are leaving urban centers and opting for the suburbs, as they provide the work-life balance that many millennials strive for, writes Lara O’Keefe for Bisnow Media. This shift has led to some suburban office space markets outpacing downtown centers. According to the CBRE, the main reason is that people want to work near stores…
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