Economic Development
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Three Redevelopment Projects in Delaware County Receive Millions in Assistance from State
The retail corridor project along Upper Darby’s 69th Street is among the recipients of the latest round of grant awards from the state’s redevelopment assistance program, writes Jacob Adelman for the Philadelphia Inquirer. The redevelopment of the former Sears store at 69th and Walnut streets into a transit-oriented retail shopping center, covering 108,000 square feet, received…
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Region’s Growth Rate for Small Businesses Lags Behind Other East Coast Cities
According to the latest analysis of U.S. Census data by American City Business Journals, the Greater Philadelphia area is lagging behind other major cities on the East Coast, including Boston, New York, Washington D.C., and Baltimore, writes Scott Thomas and Alison Burdo for the Philadelphia Business Journal. From 2010 to 2014, Philadelphia’s growth rate only…
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Young Adults Across the State Struggling to Leave Parents’ Home
Faced with college debt, high housing costs, and a weak job market, more than a third (37.1 percent) of young adults between the ages of 18 and 34 across the state have opted to continue living with their parents, writes Luis Ferré Sadurní for the Philadelphia Inquirer. The impact of their decision is a Catch…
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Sign Up Now for Friday’s State Forum on Issues Impacting Delco Businesses
The Delaware County Chamber of Commerce will host the 2016 annual report and discussion on state legislative issues affecting Delaware County on Friday at the Inn at Swarthmore from 8-10 AM. State Representatives will remark on the state budget, business taxes, and other current topics in legislation that impact Delaware County businesses. In a collaborative…
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Delco Lands Four on List of Region’s 76 Most Influential People
The Philadelphia Business Journal recently unveiled its 2016 edition of the Power 76, a guide to the region’s most influential people. The PBJ’s editorial team, which has about 200 years of combined experience covering business, spent many hours debating and crafting the list, writes Craig Ey, the publication’s Editor-in-Chief. “We narrowed in on those wielding…
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Philly Metro Area Has GDP Comparable to Iran, Greater Than Thailand, Egypt
Despite the turmoil the United States’ economy has endured throughout the last decade, we still have by far the world’s biggest economy, writes Scott Beyer for Forbes. According to 2015 figures, the U.S.’ GDP is $18.5 trillion, 63 percent higher than second-place China at $11.3 trillion, and more than four times higher than third-place Japan.…
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Investment Furthers Gas-Related Boom in Construction Along Delaware River
The Linde Group, a German industrial-gases maker, is planning to invest $100 million in its bottled-industrial-gas plant on the Delaware River, but the investment will not add any new permanent jobs to the area, writes Joseph DiStefano for the Philadelphia Inquirer. The development, which will further the local gas-related boom in construction, will add up…
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Radnor’s Traditions of America Leads List of Five Delco Companies Among PBJ’s 50 on Fire
The Philadelphia Business Journal recently held its first-ever 50 on Fire in Philly Awards at the SugarHouse Casino to honor the fastest-growing companies in Greater Philadelphia, writes Clara Lefton, the publication’s Special Projects Producer. Although the identity of the 50 companies had been made public weeks before, the PBJ used the event to reveal the…
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Five Delco Companies Among Fastest-Growing Firms in Greater Philadelphia
The Philadelphia Business Journal has launched a new initiative to identify the fastest-growing companies in Greater Philadelphia, writes Craig Ey, its Editor-in-Chief. The companies that made the list have been dubbed the “50 on Fire in Philly.” The actual rank of each company is being kept a secret until a special event at the SugarHouse…
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Conservationists Want Green Space Bond Vote This November
Delaware County conservationists see a green future in a 213-acre Marple property, and they want similar green spaces across the county. But what they need is money, and taxpayers could open that door if a green space bond referendum was added to November’s election ballot and approved by voters. Volunteers with Save Marple Greenspace made…
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Ribbon Cutting at Uno Chicago Grill Opens a New Era in Chester
City Councilman Nafis Nichols alluded to Chester’s booming economy in the 1950s and ’60s during the recent grand opening of Uno Chicago Grill, the first sit-down, chain restaurant in the city’s history, on Providence Avenue. Uno’s arrival on land owned by Widener University is a giant leap forward for Chester, as it feverishly seeks to…
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Marcus Hook Refinery Site on (Expensive) Path to Recovery
While Marcus Hook took a major hit when the refinery closed three years ago, according to Delaware County officials there is hope for recovery, writes Jim Melwert for CBS Philly. County Council members have unveiled Phase II of the study on the redevelopment of the site. The first phase began nearly four years ago, after…
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Riverfront Alliance of Delaware County’s Developer’s Forum a Unique Opportunity for Brokers and Developers
If you are a commercial, industrial, or residential broker or developer, you won’t want to miss the Riverfront Alliance of Delaware County’s Developer’s Forum on Wednesday. For only $20, from 8:30-11:30 AM at the Event Center of Harrah’s Chester Casino and Racetrack, you will have an exclusive opportunity to learn about the exciting development opportunities…
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Copy of Riverfront Alliance of Delaware County’s Developer’s Forum a Unique Opportunity for Brokers and Developers
If you are a commercial, industrial, or residential broker or developer, you won’t want to miss the Riverfront Alliance of Delaware County’s Developer’s Forum on Wednesday. For only $20, from 8:30-11:30 AM at the Event Center of Harrah’s Chester Casino and Racetrack, you will have an exclusive opportunity to learn about the exciting development opportunities…
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Radnor’s VWR Expands Its Empire with Fifth Acquisition in Past Two Years
VWR, a global supplier of laboratory products, has acquired JM Separations, the fifth firm bought by the Radnor-based company in the past two years, writes John George of the Philadelphia Business Journal. JM Separations is based in The Netherlands and supplies single-use fluid handling and separation technology products for pharmaceutical and biotech companies. Most of…
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Grocery-Shopping Millennials Have Spoken, and Acme Has Listened
Store representatives from the Acme in Broomall’s Lawrence Park Shopping Center have heard what customers want and made changes according to their desires, writes Anne Neborak for the Daily Times. The store recently celebrated its grand re-opening, and presented more than $2,750 to local organizations in the community it serves. “We are giving the customers…
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Airport’s $30 Million Project a Boost for Tinicum
A $30 million project that will reinvent the Philadelphia Airport will undoubtedly give a boost to Tinicum Township, writes Alison Burdo of the Philadelphia Business Journal. Eight new dining destinations are in the works, as well as 1,000 iPads and 15 tech-driven gate lounges – a transformation that will offer those passing through an authentic…
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Is a Recession Looming? Vanguard Economist Says Downturn Unlikely
In the following video, Vanguard Global Chief Economist Joe Davis examines the current low-growth environment and places the likelihood of a U.S. recession in the near future at 15 to 20 percent odds. Davis concedes that the odds of a recession are elevated given the economy’s slow growth, reduced exports and declining corporate profits. But…
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