Economic Development
-
Philadelphia Area Among Nation’s Top Five Most Improved Economies for Job Growth
Federal employment data puts the Philadelphia area among the nation’s Top Five most improved large metropolitan economies for job growth from 2015 to 2016, according to a report in the Philadelphia Business Journal. The study published by Headlight Data shows that Philadelphia posted the fourth most improved economy for the 12-month period. The study used…
-
Check Out This Year’s 10 Highest-Ranked, Delco-Based Companies on Inc. 5000 List
The fastest-growing private firms in America are creators, writes Inc. magazine in the introduction to its annual Inc. 5000, a prestigious list that ranks the nation’s fastest-growing companies by revenue. They create value, and they create jobs – 619,631 of them over the last three years. The 2017 Inc. 5000 is the most competitive crop…
-
Chamber of Commerce Touts Delco’s State-Leading Workforce Growth
No other county in Pennsylvania is creating more job growth than Delaware County, and the local Chamber of Commerce is thanking the resurgent energy business for much of that action. Led by investments in energy infrastructure and the revitalization of the Marcus Hook Industrial Complex, Delaware County grew its workforce by 4.71 percent based on…
-
Cracker Barrel to Create 175 Jobs in Ridley Park
Country-style restaurant chain Cracker Barrel is expecting to create more than 175 jobs when it finishes construction on its new location in Ridley Park, writes Kenneth Hilario for Philadelphia Business Journal. The popular chain had its eye on Ridley Park for years, and finally signed the lease for its new location in 2015. However, unexpected…
-
Cambodian Ambassador Chum Bunrong Visits Delaware County
Colleen Morrone and John McBlain of Delaware County Council joined city and state officials to welcome Chum Bunrong, Cambodian Ambassador to the United States and Mexico, to Delco at a reception held last week at the Wharf Building along the Delaware Riverfront in Chester. Earlier that day, Ambassador Bunrong met with a number of top…
-
As State’s Population Shrinks, ‘Its Urban-Rural Divide One of the Most Brazen in America’
Pennsylvania’s population has shrunk for the first time in more than three decades, with deaths and move-outs outnumbering births and move-ins by 8,000, writes Joseph DiStefano for the Philadelphia Inquirer. This puts Pennsylvania in the bottom four states that have lost more people than they have gained over the last year. It also drops Philadelphia…
-
This Delco Exec Ranks Among Greater Philadelphia’s 20 Highest-Paid CEOs
Dennis Glass, CEO of Radnor’s Lincoln National, is the lone representative of a Delaware County company on the list of the 20 highest-earning CEOs in Greater Philadelphia, writes Fabiola Cineas for Philadelphia magazine. Published by the Philadelphia Business Journal, the list ranks 160 CEOs in the region by their total compensation in 2016. Glass ranked…
-
New Study Identifies Which Industries Are the Main Employers in Delco
The boom in the health industry and the expanding education workforce in Philadelphia is having a positive impact on the suburbs, according to a report in the Philadelphia Business Journal. According to a study from Data USA, these industries are now the main employers in Delaware County. The data shows that with 85,623 employees, educational…
-
Ouch! Pennsylvania Rates Poorly on List of Best & Worst States to Start a Business
In an in-depth report by WalletHub that analyzes the Best & Worst States to Start a Business in 2017, only five states ranked worse than Pennsylvania. Each state was evaluated in three key areas: business environment, access to resources, and business costs. Business environment was worth up to 50 points, while the other two provided…
-
Radnor’s Brandywine Realty Unveils Job Creation Initiative as Part of U-City Development
The Radnor-based Brandywine Realty Trust has announced a $5.6 million job creation and community engagement program as part of Phase I of its Schuylkill Yards development in University City. In developing this program, Brandywine worked collaboratively with neighborhood groups and stakeholders to create Philadelphia’s largest and most innovative neighborhood engagement initiative to date. Through a…
-
Employment Up, Wages Down in Delco. Ditto for Most of America’s Largest Counties
From December 2015 to December 2016, employment increased in 280 of the 344 largest counties in the country, the U.S. Bureau of Labor Statistics has reported. Included in those 280 are Montgomery, Delaware, and Chester counties: With 493,500 people now working, Montco experienced an increase of 1.3 percent in employment, a change that places it,…
-
How China Became Pennsylvania’s Third-Largest Trading Partner
The state has sent billions of dollars in products and services overseas to China, and the Chinese have responded with nearly a billion dollars of investment in Pennsylvania. The give and take is helping the Keystone State unlock big opportunities in trade, according to a China Daily report by Amy He. With country-specific exports of…
-
Ground Officially Broken for New Hotel in Chester
After nearly a decade of discussion and planning, Candlewood Suites Hotel in Chester finally had its official groundbreaking last week, writes Rick Kauffman for the Daily Times. Local officials and business community members gathered with golden shovels in hand at Fourth and Welsh streets. Among the gathered dignitaries were Drake Nakaishi, the executive director of…
-
Most Philly-Area Professionals Lured from State College, Then Lost to California
The Philadelphia area is the predominant first stop for students from Penn State and other universities, but established Philly-area professionals are most often lured away to bigger cities on both the West and East coasts. Based on a LinkedIn study of recent user profile changes, the Philly area was the top destination for professionals from…
-
Check Out Which Delco-Based Companies Landed on This Year’s Fortune 500
Delaware County is home to a pair of Fortune 500 companies – Lincoln National and Airgas – and they’re both headquartered in Radnor. Lincoln National, led by CEO Dennis R. Glass, checked in at No. 207, having generated revenues of $13.3 billion during the 2016 fiscal year. This marks the 23rd year it has made…
-
Work on Deepening Delaware River Reaches Final Stages
Work on deepening the Delaware River to allow easier access for ships on their way to unload containers at PhilaPort is reaching the final stages, writes Linda Lloyd for the Philadelphia Inquirer. The port is looking to capitalize on its new momentum, thanks to a $300 million investment from the Wolf Administration. Previously known as…
-
Philadelphia Records More Job Growth Than New York City
For the first time in more than two decades, Philadelphia has surpassed New York City in job growth, writes Jane Von Bergen for the Philadelphia Inquirer. “I was very surprised to see it,” said Ian Anderson, director of research and analysis in Philadelphia for CBRE Group. When Anderson looked at the U.S. Labor Department numbers…
-
Forbes Includes Delco Business Among America’s Top 500 Public Companies
Forbes has released its list of America’s Top 500 Public Companies, with Delaware County’s Lincoln National Corporation making the cut, writes Corinne Jurney. Forbes determined the rankings by applying scores in equally weighted categories, including revenue, profits, and the market value of the country’s top public companies at March 31, 2017. The companies on the…
Founding Partners
Advertisement
Affiliate Partners
Chamber Partners
