Economic Development
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See What the Region’s Wealthiest ZIP Codes Have in Common
To no great surprise, the wealthiest households in the Greater Philadelphia Area continue to be found on the Main Line, in places like Villanova, writes Todd Romero for Philadelphia Business Journal. More than half of the region’s wealthiest ZIP Codes are on the Main Line. Villanova’s ZIP Code of 19085 makes the list for being…
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Pennsylvania’s Unemployment Rate Remains at Record-Low for Third Consecutive Month
The unemployment rate in Pennsylvania remained at a record low 3.4 percent for the third consecutive month in November, writes Jonathan D. Salant for The Morning Call. According to preliminary numbers by the U.S. Bureau of Labor Statistics, the unemployment rate was lower than the 4 percent rate in November 2022. As the economy continued…
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As Longtime Sponsor of Philly Chamber’s Annual Economic Outlook, Firstrust Bank Underscores Its Commitment to Region’s Economic Development
For the 14th consecutive year, Firstrust Bank — Philadelphia’s Hometown Bank, which was founded during the Great Depression — sponsored The Chamber of Commerce for Greater Philadelphia’s economic outlook, held last week at the Kimmel Center. The bank’s support of the annual event underscores its commitment to the region’s economic development. “What I think is…
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DELCO Today Wishes You Merry Christmas and Happy Holidays
DELCO Today would like to wish you and your family a Merry Christmas and Happy Holidays! If 2023 has taught us anything, it’s that the world continues the change at a dizzying pace. Some things never change, however, including our eternal gratitude for your dedicated readership and for allowing us to try to brighten each…
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Center City is Recovering Well Post-Pandemic, But There is More Work To Do
As the post-pandemic world progresses, city downtowns are continuing to recover and Philadelphia is among the most well-recovered, writes Paul Schwedelson for the Philadelphia Business Journal. New research by the Center City District found that Philadelphia is among the top five cities in the nation when it comes to two key factors: industry mix and…
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Forbes: Small Businesses Have More Marketing Options Than Ever, This Is What They Are Focusing on For 2024
Small businesses, which used to rely primarily on print and traditional media advertisements and cold calling before the internet, today have more marketing options at their disposal than ever, writes John Hall for Forbes. According to a recent marketing survey by Taradel, the majority (94 percent) have plans to increase their marketing spending in 2024.…
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Shapiro Readies Comprehensive Plan to Boost Pennsylvania’s Business Growth and Retention
Gov. Josh Shapiro announced earlier this week his administration is preparing to unveil Pennsylvania’s economic development plan focusing on attracting and retaining businesses by year’s end, writes Paul J. Gough for the Philadelphia Business Journal. Shapiro said the plan will guide Pennsylvania’s business attraction and growth efforts and help the commonwealth compete against neighboring states.…
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Four New Board Members Join City Ave District
City Ave District is pleased to announce the appointment of four new board members who will each support the organization’s mission of guiding the future of City Ave District to its highest potential. These new additions will join an existing board that represents both Philadelphia and Lower Merion municipalities, as well as elected officials and…
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New Saint Joseph’s University President Views Campus as Key to Vitality of City Ave District
On the heels of her recent inauguration as the 29th (and first woman) president of Saint Joseph’s University, Dr. Cheryl McConnell recently shared her thoughts on her new role and the important relationship between the campus and the City Ave District, where she is a board member. Organizationally, City Ave District unites businesses, property owners,…
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Delaware County in Top 10 Statewide for Small Business Presence
Delaware County was in the top 10 for places in Pennsylvania with the most prominent small business presence, reports SmartAsset. Information was gathered from IRS data, measuring the percentage of residents in each county that depend on small business income. Delaware County came in 10th on the list. According to the statistics, small business IRS…
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9 Delaware County Firms Named Among Fastest Growing in U.S.
Nine Delaware County companies made the Inc 5000 list of fastest growing companies in the United States, writes Ryan Mulligan for Philadelphia Business Journal. Companies were ranked by percent revenue growth from 2019 to 2022. Here’s a breakdown of the companies from Delaware County: In total, there were 143 companies from the Philadelphia region that…
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Opinion: Business Leaders Need to Begin Thinking of Housing, Public Transportation, as Workforce Issues
Since assuming the position of President of the Chester County Chamber of Business and Industry (CCCBI) in 2022, I have had the opportunity to travel throughout Chester County and meet with Chamber members, other job creators, and community leaders to hear their input on items that impact their respective sectors. Whether in the hospitality industry,…
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Delaware County Companies on List of Largest Earners in Region
There are five Delaware County companies that made a list of the top 100 largest public companies headquartered in the Philadelphia region. Size is based on revenue generated. The list was researched and compiled by Todd Romero for the Philadelphia Business Journal. Lincoln National Corp. In Radnor showed up as the fourth largest in the…
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See How Philadelphia Ranked Among Cities Where $250,000 Salary Goes Furthest
Philadelphia is in the bottom half among the 76 largest cities in the United States based on how far a $250,000 salary can actually go, write John Klyce and Lisa Dukart for the Philadelphia Business Journal. Earlier this year, SmartAsset, the financial technology company, ranked 76 of the largest cities in the U.S. to determine…
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City Ave District Launches Two New Master Plans to Support Evolution, Growth of City Ave
City Ave District has two new master plans that aim at furthering City Ave’s transformation to a popular live, work and entertainment destination. With a series of multi-million-dollar development projects currently underway, the retail and merchandising masterplan will provide a roadmap for retail attraction and continued development across the district. Actionable recommendations produced by the…
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Pennsylvania Ranks Among Best States for Minority Entrepreneurs
Pennsylvania is one of the best states in the United States for minority entrepreneurs to succeed, according to a new study recently released by Lendio. Lendio analyzed seven key metrics to determine the best and worst states for minority entrepreneurs, including access to small business loans and the business ownership rate. The Keystone State was…
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Navigating Choppy Seas — How To Stay Afloat In A Sea Of Economic Turbulence
The global financial landscape is currently facing several challenges. Rising inflation, the war in Ukraine, possible US default, and the Federal Reserve’s interest rate hikes all contribute to a volatile and uncertain market. The current, economic turbulence includes: Rising Sea of Inflation Inflation is rising in many countries, making buying goods and services more expensive…
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Here’s Pennsylvania’s 10 Richest Counties. See If Delaware County Made the List
There’s a lot of counties in Pennsylvania, so you might not expect Delaware County to make the top 10 when it comes to being the wealthiest.. But a study by the tech company SmartAsset placed Delaware County in that top 10 group, based on median income, investment income and home values, writes Lindsay Smith for…
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