Economic Development
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Media Borough Named Best Place to Retire in Pennsylvania
SmartAsset continues to give high marks to this small but thriving Delaware County borough as the best place for a Pennsylvania retirement, writes Deb Kiner for Penn Live. Media Borough is the best place to retire in Pennsylvania, according to a SmartAsset analysis. SmartAsset, a personal finance company, gathered data on “regional factors that affect the…
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SEI Executive Sneha Shah Sees Bright Future for Philadelphia’s Startup Scene
Sneha Shah, head of new business ventures for SEI Investments, believes there is a bright future for Philadelphia’s startup scene, writes Ryan Mulligan for the Philadelphia Business Journal. People “outside of Philadelphia don’t understand how powerful this [startup ecosystem] could be,” she said. Shah used to be one of those people. Her career took her…
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As Wealth Migrates, Philadelphia Loses Income While Collar Counties Fluctuate
As residents continue flocking to the suburbs, Philadelphia lost the most wealth in total income from 2021 to 2022 in Pennsylvania, while Chester County is among the top gainers, writes Kyle Nguyen and Ryan Mulligan for the Philadelphia Business Journal. The latest data from the IRS and U.S. Census Bureau for the migration of wealth…
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Chester Pike Boroughs Seizing an Opportunity to Revitalize
Six Chester Pike boroughs in Delaware County could see investment and growth coming to their communities with help from a county agency and some matching state grants, writes Gabriel Donahue for WHYY. The Delco Commerce Center is looking to invest almost $25,000 to drive growth in those communities, which sit along a six-mile corridor. That…
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Chester Fills Key Leadership Roles to Guide Its Economic Revitalization
Chester is hiring key professional staff with experience in finance, engineering, planning and development to help the city fulfill its mission of economic revitalization. Richard Troutman was recently hired as the city’s new chief financial officer. Troutman assumes responsibility for the development, implementation, and monitoring of the city’s budget. He is a multifaceted financial leader…
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Wealth Shifts for 5 Delaware County Towns in 2024, List Shows
Five Delaware County communities continued to place in the top 49 wealthiest towns for 2024 compared to a year ago, but three of the towns dropped in rank for wealth, while two had higher wealth rankings this year. Rose Valley Borough tied for the highest median income in Pennsylvania, with 56.1 percent of its households…
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Delaware County Chamber of Commerce Praises 2024 Bi-Partisan State Budget
The Delaware County Chamber of Commerce, a voice for the community advocating for a thriving business climate, praised the recent signing of the $47.6 billion state budget package containing key items highly supportive to Delaware County. The Chamber works with local elected officials on both sides of the aisle to make sure Delaware County’s economy…
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Chester Must Embrace Itself as a College Town, Mayor Says
Chester can emerge from bankruptcy and experience an economic resurrection if it leverages its position as a college town to Widener University. That was a key part of the message from Chester Mayor Stefan Roots as he gave his State of the City address Tuesday morning to the Delaware County Chamber of Commerce from the…
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Washington Post: Rural Pennsylvania Facing Population Loss
The sharp decline in rural population has put Pennsylvania at the forefront of a national discourse on the viability of America’s small towns that have long been pillars of the country’s culture, writes Tim Craig for The Washington Post. Nationwide, 81 percent of rural counties have recorded more deaths than births in the last four…
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Doylestown Township to See Major Commercial Developments on Route 611
Doylestown Township is gearing up for significant commercial enhancements along the busy Route 611 corridor, writes Jeff Werner for The Patch. On Tuesday night, the board of supervisors approved plans for two major projects: a new car wash and the redevelopment of the former Applebee’s site at Barn Plaza. The first project involves Jim…
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Providence Town Center in Collegeville Hits Market Two Years After Last Trading
Wegmans-anchored Providence Town Center in Collegeville hit the market again just two years after it was last traded, writes Paul Schwedelson for the Philadelphia Business Journal. The 760,000-square-foot open-air retail property was purchased by a joint venture of Bethesda, Finmarc Management, and KPR Centers in 2022 for $162 million. The shopping center sits on 82…
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Center City Continues Finding New Ways to Thrive After Pandemic
While weekdays are still somewhat lagging behind, Center City has managed to fully rebound to the pre-pandemic numbers of people out and about on weekends, writes Laurel Wamsley for WHYY. A new report found that Center City now draws 85 percent of the total pedestrian volumes that it did in 2019. More good news comes…
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American Airline’s New Copenhagen Route Expected to Create $31.9M Local Business Impact
American Airlines is creating a new direct route between Philadelphia International Airport and Copenhagen, Denmark that should bring economic opportunities to Greater Philadelphia, writes Emma Dooling for Philadelphia Business Journal. Officials say the new route will also open up more business and leisure travel between the two destinations. The new route starts June 6 and…
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Pennsylvania Official Including Governor Shapiro Tour Media to Celebrate Small Business
An official from PA Gov. Josh Shapiro took a May 2 Media walking tour, emphasizing the role of local downtowns and Main Streets in Pennsylvania, reports the Delco Commerce Center. The tour coincided with the celebration of Small Business Week April 28 through May 4. Visiting Media was Deputy Secretary Rick Viello, of the…
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Hardy Williams Academy Joins Forces with CHOP to Help Ensure Graduates Get Jobs
Hardy Williams Academy Mastery Charter School in Southwest Philadelphia and the Children’s Hospital of Philadelphia recently joined forces to help the school’s graduates secure full-time positions at the hospital, writes Stephen Williams for WHYY. The two institutions recently received a $19.6 million grant from Bloomberg Philanthropies that will be used to facilitate the development of…
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Six Montgomery County Residents Make Forbes List of Richest People in World
Six Montgomery County residents have found their place on this year’s World’s Billionaires List, published by Forbes. Jeff Yass Bala Cynwyd billionaire and cofounder of Susquehanna International Group, Jeff Yass ranked highest at No. 64. Yass, whose net worth is $27.6 billion, dropped down on the list from last year’s No. 28 ranking. Michael Rubin…
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Leonardo Helicopters US Showcases Philadelphia’s Appeal in New Momentum Makers Series
The Chamber of Commerce for Greater Philadelphia is making significant strides in attracting and expanding companies within the region, showcasing its impact on the local and global business landscape. Through a comprehensive regional marketing strategy, the chamber’s Economic Competitiveness team has been pivotal in promoting Greater Philadelphia as a premier global destination for business. This…
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Fort Washington-based Toll Brothers Pulls Out of Apartment Development in Ardmore
Fort Washington-based Toll Brothers has decided to part ways with King of Prussia-based Piazza Auto Group on an apartment project in Ardmore, writes Jake Blumgart for The Philadelphia Inquirer. The development, which is slated to be Ardmore’s largest apartment building, would replace the Acura and Volkswagen dealerships owned by Piazza. The auto group does not…
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