Economic Development
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Millbourne Sees Possibilities Now That CHOP Facility Is in Town
Millbourne Borough, with an area of less than one-tenth of a square mile, has the distinction of being Pennsylvania’s most densely populated incorporated town, writes Sunny Morgan for Billy Penn at WHYY. It is home to 1,200 residents. The borough has struggled economically for years, but times could be changing. Children’s Hospital of Philadelphia decided…
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See How Delaware County Compares in Small Business Success
A recent survey by SmartAsset puts Delaware County fourth best in the state for small business success, writes Kathleen E. Carey for the Daily Times. Locally it was bested only by Chester County, which placed first in the study. Snyder County placed second best and Juniata County came in third. “Delaware County’s performance was especially…
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Here’s How Pennsylvania Can Unlock Its Potential to Become a True Economic Leader
Pennsylvania companies are changing the world. It’s on us to support them and their workers and create opportunities for more to thrive. Spark Therapeutics in Philadelphia is revolutionizing gene therapy and medical treatment for genetic disease. EMD Electronics has become a global leader in semiconductor and electronics manufacturing and is building the largest integrated specialty…
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Philadelphia Ranks Among 20 Cities with Lowest Income Limits for Middle Class
It takes much less to be part of the middle class in Philadelphia than for the majority of the 100 largest U.S. cities, writes Patrick Villanova for SmartAsset. The middle class is considered to be a backbone of the American economy, but it has been continuing to shrink. In the past 50 years, the percentage…
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Southwest Philadelphia ‘CEO Big Duke’ Creates Opportunity, Gives Back to His Community
Saul Landers, better known as “CEO Big Duke”, creates opportunities in his native Philadelphia to give back to the community that raised him, reports Mike Jerrick for FOX 29 Philadelphia. He buys properties in Southwest Philadelphia to build up the area. He also often hosts community events that provide various resources to those in need.…
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Delaware County Leadership: Bryan Fenstermaker, President and CEO, City Ave District
President and CEO of City Ave District, Bryan Fenstermaker crisscrossed the country several times before landing in the Philadelphia area. He grew up in Houston and Connecticut in a tight-knit family with two siblings. He was drawn to the team mentality of sports and had a strong work ethic at a young age, getting his…
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Here’s How Wayne’s Di Bruno Bros Could Benefit From Geospatial Data
Retail businesses bouncing back from the pandemic are taking advantage of cutting-edge geolocation technology and other data-driven strategies. This includes POI data (physical sites) and mobility data, which records how people interact with their surroundings, writes Geoff Michener for RetailWit. This information can help retailers choose locations for their businesses, personalize advertising, and develop…
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Center City’s Economy is Recovering, But Some Areas Are Still Not Back to Pre-pandemic Levels
Thanks to its mix of residential, office, retail, medical, and entertainment buildings, Center City’s economy has been successfully recovering from the pandemic, but the bounce back is still incomplete, writes Michaelle Bond for The Philadelphia Inquirer. Philadelphia is the third most populated city in the nation, which helps in the recovery as tourists and office…
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See How Philadelphia Ranked Among Large Cities Based on Downtown Pandemic Recovery
The city of Philadelphia ranked in the lower part of the list among 31 large cities based on how quickly their downtowns surged back after the pandemic shutdowns, writes Amy Larson for PHL 17. Researchers at the Institute of Governmental Studies’ public policy research center looked at various economic health factors for 31 major large…
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Philadelphia Ranks High Among Business Districts with the Most Co-working Spaces
Philadelphia has ranked in fifth place based on the most co-working spaces in central business district locations, writes Balazs Szekely for CoworkingCafe. The majority of significant central business districts can be found on the East Coast, including New York City, Boston, and Philadelphia, according to a recent report by the nationwide employment-trend analysis blog. Its…
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Philadelphia Is Incentivizing Developers to Add More High-Value Center City Development in Place of Parking Spaces
Philadelphia’s surplus of parking spaces is prompting the city to incentivize developers to add more high-value Center City projects instead, writes David Harrison for The Wall Street Journal. The city estimates that parking spots in downtown garages went down in number from 50,023 in 2010 to 45,898 in 2020, to be replaced with office and…
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Pennsylvania’s 2019 Unemployment Rate the Lowest Ever Recorded
The unemployment rate in Pennsylvania has dropped to its lowest-ever recorded level, according to March numbers from the State Department of Labor and Industry, writes Katie Meyer for WITF. The state has been tracking unemployment rates for the last 43 years, and they have never been as low as the current 3.9 percent. The latest…
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This Lancaster County Community Rates on Statewide List of Richest ‘Cities’
HomeStacks, a Raleigh, N.C. data analysis firm — which presents statistics in “bite-sized” pieces, hence the name — has analyzed Pennsylvania communities’ wealth in 2023 and ranked them accordingly. HomeStack’s Chris Kolman presented the results. The report cites a few essentials for residents who might want to relocate to one of the tonier “cities” in…
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Upper Darby Featured in Business Magazine for Diversity, Forward Thinking
Upper Darby was featured in a January article in Business View Magazine. The township of 85,000 represents more than 100 cultures worldwide with a vibrant mix of residents and lifestyles, reports Business View Magazine. A trip to 69th Street offers a range of food establishments from an Irish pub, to Vietnamese, Thai, Japanese, Liberian, Indian,…
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Unemployment Rate in Pennsylvania Lower Than a Year Ago
Pennsylvania’s unemployment rate for January was at 4.3 percent, the same as in December, but it was 0.2 percent lower than the January 2022 level. This is according to the preliminary employment situation report for January 2023 released by the Pennsylvania Department of Labor & Industry. At the same time, the U.S. unemployment rate went…
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Amidst Layoffs at QVC, Owner Qurate Stock Tumbles
Earlier this week, the parent company of West Chester’s QVC, Qurate Retail Group, announced the layoffs of around 400 employees, which led to their stocks declining and members of the Chester County community to react, writes Jeff Blumenthal for the Philadelphia Business Journal. After the company reported a $51 million fourth-quarter loss, shares went down…
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Here’s Why Media’s One of the Coolest Suburbs in the Country
Media Borough, known locally as “Everyone’s Hometown” was chosen as one of Apartment Therapy’s Coolest Suburbs in America 2019, writes Diana Spalding for apartmenttherapy.com. Locales were chosen based on cultural activities, sense of community, and quality of life. This down-to-earth walkable town with Quaker roots and a strong commitment to the community is full of…
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Former CEO Shares Thoughts on How Gov. Shapiro Can Boost PA’s Innovation Economy
Jeff Marrazzo, the former CEO of Philadelphia-based Spark Therapeutics and a member of the innovation subcommittee of Gov. Josh Shapiro’s transition team, has several ideas on how Pennsylvania’s new governor can support the state’s innovation economy, particularly companies in biotechnology and life sciences, writes Harold Brubaker for The Philadelphia Inquirer. The first step is to…
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