Economic Development
-
Delaware County Leadership: Laurie Ryan, President, Exton Region Chamber of Commerce
Laurie Ryan, President of the Exton Region Chamber of Commerce, grew up in Drexel Hill and Havertown as the oldest of five siblings. Inspired by the women’s lib movement in the ’70s and ’80s, she was driven to get a scholarship to college and find success in a career. Despite being naturally shy, Ryan went…
-
VFTCB Reminds about Schuylkill River Greenways Grant Application Window for 2023 Restoration Fund
The Schuylkill River Greenways annually awards hundreds of thousands of dollars in grant money to private and government organizations that work to improve conditions in the Schuylkill River watershed. The 2022 awardees included: These projects, encompassing five Phila.-area counties, improve not only the Schuylkill River but also the entirety of the watershed and the communities…
-
Harcum College CFO Offers Reasons for Optimism on the U.S. Economy in 2023
The past year was a challenging one for the U.S. economy because of inflation and a bear stock market. However, based on the cyclical nature of the economy and the emergence of encouraging signs, there is a reason for optimism at both the macro and micro levels. Fundamentals of the Economy Looking ahead to 2023,…
-
Area Economist Thinks U.S. Can Skirt Recession
While recession risks are uncomfortably high, there are good reasons to believe that a downturn can be avoided, writes Mark Zandi, chief economist of Moody’s Analytics in West Chester, for The Philadelphia Inquirer. The first among them is the healthy finances of a typical American household. Even with the pandemic and the war in Ukraine,…
-
NYSE Suspends Shares of PREIT, Springfield Mall Owner
Pennsylvania Real Estate Investment Trust, the owner of the Springfield Mall, Plymouth Meeting Mall, and Willow Grove Park Mall, is being booted off the New York Stock Exchange as PREIT shares trade at $2.40 a share, writes Rich Bockmann for The Real Deal. On Thursday, the exchange announced it would suspend trading of the PREIT…
-
From a Sound Stage to a Sportsplex, Grants Fund Delco Projects
Sun Center Studios in Aston, Delaware County’s film and production center, is getting a new sound stage and offices with the hope of attracting more film and television projects to the area, writes Ryan Mulligan for Philadelphia Business Journal. The work is being paid for with a $10 million state grant from the Redevelopment Assistance…
-
Pennsylvania Ranks Among Best States To Start a Business in 2023
A new Forbes Advisor report places Pennsylvania among the top five states to start a business in 2023, writes Kelly Main for Forbes. To rank the best and worst states to start a business in 2023, Forbes Advisor looked at 18 key metrics across five categories that impact businesses and their ability to succeed, including…
-
Wall Street Journal: Philadelphia’s Center City Showing Signs of Renewed Economic Vitality
Center City Philadelphia is showing signs of renewed economic vitality thanks to strong housing demand, the recent growth in the hospitality sector, and a Comcast-led return-to-work push, writes Scott Calvert for The Wall Street Journal. While many cities nationwide have been struggling to recover from the effects of the pandemic, business owners, workers, and residents…
-
Wall Street Journal: Penn Professor Believes Companies Could Benefit from Four-Day Workweek
Adam Grant, an organizational psychologist at the Wharton School of the University of Pennsylvania, recently spoke at The Wall Street Journal’s CEO Council Summit, where he offered his take on the 4-day workweek, writes Chip Cutter for The Wall Street Journal. Grant said that executives who are looking to boost their teams’ productivity may want…
-
Philadelphia Businesses Continue Rapid Growth as City Enters Post-Covid Economic Recovery
Philadelphia businesses are recording rapid growth as the economic recovery continues, according to a new Center City District report, writes Jeff Cole for FOX 29. The report found that the daily pedestrian foot traffic in October was at three-quarters of pre-pandemic levels. Visitors and shoppers are getting closer to pre-shutdown numbers and around 80 percent…
-
Mixing Sweet and Salty Helped Hershey Became One of Biggest Winners of Terrifying Market
Hershey has long been a trick-or-treat favorite, but its latest strategy of mixing salty and sweet has helped the company reach new heights in a terrifying stock market, writes Ben Cohen for The Wall Street Journal. Hershey stock has doubled in the last five years, outperformed tech giants over three years, and beat over 450…
-
Philadelphia Among Peer Cities Most Heavily Reliant on Eds and Meds Economy
A new report from the Federal Reserve Bank of Philadelphia found that higher education institutions and hospitals power close to 13 percent of the economy in the Philadelphia region, write Mike D’Onofrio and Isaac Avilucea for Axios. This means that the City of Brotherly Love is one of the most heavily reliant on eds and…
-
Nemour Children’s Health Coming to Broomall
Broomall Commons is getting a new addition to its vast retail space. The property that Giant supermarket used to occupy will transform into a highly ranked children’s health facility, writes Al Urbanski for ChainStorage.com Nemour Children’s Health signed a lease with real estate company Urban Edge Properties to take over nearly 20,000 square feet…
-
Downtown Wayne to Redevelop Retail Spaces, Apartments
A retail strip in downtown Wayne could see transformation. Real estate company Berger Rental Communities wants to demolish and replace six storefronts along Lancaster Avenue to become a three-story mixed-use building, writes Caroline O’Halloran for SAVVY Main Line. They also plan to bulldoze the apartment building on the corner of Lancaster and Louella Avenues.…
-
Expanding Cargo at Philly Airport Will be Good for Delco, CEO Says
The Philadelphia International Airport generates in excess of $3 billion in economic benefits to Delaware County. That’s according to airport interim CEO Keith Brune, writes Kathleen E. Carey for the Daily Times. Looking ahead, there is potential for even more revenue generation as the airport expands its cargo operations. “We’re happy to have a great…
-
LoanStar in Swarthmore 2nd Fastest Growing Company in Region
In 2022, LoanStar Technologies in Swarthmore placed second on the Philadelphia Business Journal’s Soaring 76 list of the fastest-growing companies headquartered in the region. It joined five other Delaware County companies that also made the list, writes Lisa Dukart for The Philadelphia Business Journal. The financial technology company had a two-year growth rate of 145.93%…
-
‘The Life You’ve Built Is Worth Protecting’: Immaculata University Professor On National Preparedness Month
Are Americans experiencing “disaster fatigue?” The Federal Emergency Management Agency’s latest National Household Survey reported that more than half of households have personally experienced, or that their family experienced, a disaster in 2021. With the deaths of one million Americans and the impact of the COVID-19 pandemic on our personal health and livelihood, one would…
-
Work Begins on Chester Riverfront Redevelopment
Green infrastructure and streetscaping have started to show up in the neighborhoods of Subaru Park as work gets underway on the Chester riverfront via the Chester Waterfront Master Plan, writes Kathleen E. Carey for the Daily Times. The goal is to get public money and set the stage for private development, said Lisa Gaffney, executive…
Founding Partners
Advertisement
Affiliate Partners
Chamber Partners
