Economic Development
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‘Cautious Optimism’ the Refrain at Firstrust Bank-Sponsored Chamber Event on State of Region’s Economy
Business and civic leaders from across the region recently gathered for The Chamber of Commerce for Greater Philadelphia’s annual State of the Economy event, where Anna Paulson, President and CEO of the Federal Reserve Bank of Philadelphia, offered a wide-ranging assessment of national and regional economic conditions — and what they could mean for jobs,…
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Locals Wait for Updates About the Future of Bensalem’s Neshaminy Mall
As the New Year begins, the future of Neshaminy Mall in Bensalem remains uncertain, with most of the shops closed and spaces left unoccupied, writes Lacey Latch for the Bucks County Courier Times. The property, which spans 91 acres and 1 million square feet of retail space, was sold to developers over a year ago for $27.5 million. Now, most of the mall…
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See What Elements Have Come Together to Make Media Thrive
Lisa Zahn thought it was time to reassess her life after her dad, Bill Reindl, was diagnosed with pancreatic cancer a little over a year ago. The lifelong Delaware County resident and Garnet Valley High School graduate decided to pursue her dream of opening Glimmer, a boutique gift store. She chose W. State Street in…
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Longwood Gardens’ Christmas Festival Drives Economic Boost to Kennett Square
The annual Longwood Christmas festival brings a steady wave of visitors who give Kennett Square and the surrounding towns a noticeable economic boost throughout the holiday season, writes Anthony R. Wood for The Philadelphia Inquirer. Overall, Longwood Gardens has played a “significant role in the area’s growth,” said Nancy Toltain, director of hotel operations at the Hilton Garden…
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Four Developing Projects Coming to Chester County in 2026
Chester County is the place for building, with permits and projects sprouting up every day to take up the next available space. Whether it’s housing, mixed-use, or industrial, these projects vitalize the county and bring new milestones. Most of these projects have been approved and will start their construction or planning process in the next…
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Cruise Ship Home Port Terminal to be Built in Tinicum Township
A cruise ship terminal will be built in Tinicum Township at the former Hog Island Dock Terminal Facility, writes Pete Bannan for the Daily Times. The terminal was formed out of a partnership between PhilaPort, Norwegian Cruise Line Holdings, and Energy Transfer Marketing and Terminals. Norwegian will be Philadelphia’s exclusive homeport under a berthing agreement…
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Irish Firm PM Group Invests $495K in Conshohocken Hub
Irish-based design and construction leader PM Group is making a bigger investment in Montco, writes Justin Heinze for the Patch. The company announced it will put $495,000 into its Conshohocken offices at 300 Barr Harbor Drive, creating 48 new jobs while retaining its current workforce. The expansion strengthens Conshohocken’s role in the region’s booming life…
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Five Bucks County Companies Rank in the Region’s Fastest-Growing Businesses
Five Bucks County companies are on the Philadelphia Business Journal’s 2025 list of Greater Philadelphia’s fastest-growing companies based on average two-year revenue growth, according to a staff report from the Philadelphia Business Journal. To qualify for the list, the companies needed to have a minimum revenue of $750,000 in 2022—the first year of consideration—and increased…
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15 Philadelphia Businesses Make List of Greater Philadelphia’s Fastest-Growing Companies in 2025
Fifteen Philadelphia companies are on the Philadelphia Business Journal’s 2025 list of Greater Philadelphia’s fastest-growing companies based on average two-year revenue growth, according to a staff report from the Philadelphia Business Journal. To qualify, the companies needed a minimum revenue of $750,000 in 2022 — the first year of consideration — and increased revenue each…
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Three Collar Counties Putting Local Protections on LGBTQ Residents
Montgomery, Delaware, and Chester counties are moving to shield their LGBTQ residents from discrimination at the local level, writes Katie Bernard for The Philadelphia Inquirer. Over the course of a month, the three counties have moved to enact policies that prohibit discrimination based on sexual orientation and gender identity. They have also established boards where…
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Montco Remains Region’s Strongest Suburban Economy Amid Shift
Montgomery County continues to anchor the Philadelphia region’s suburban economy, writes Ariana Perez-Castells for the Philadelphia Inquirer. Montco has stronger office leasing activity than the city and a long record as the top base for office-sector jobs. But a new report from the Center City District shows that Philadelphia has just inched past Montco in…
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Philadelphia Job Growth Surpasses Other Major Cities, But Office-Focused Industries Not Seeing Same Gains
Philadelphia has outpaced other major cities in job growth in recent years, but industries that drive office leasing are not seeing the same gains, writes Ariana Perez-Castells for The Philadelphia Inquirer. The Center City District’s new report analyzed 15 years of data on office leasing, vacancies, job growth, and the talent pipeline in Philadelphia and…
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Philadelphia Leadership: Peggy Lee-Clark, Executive Director, Pottstown Area Economic Development
Peggy Lee-Clark, Executive Director of Pottstown Area Economic Development (PAED), spoke with PHILADELPHIA Today about growing up in King of Prussia, singing and acting in school plays, and exploring the fields of retail, restaurants, and hospitality. Although Lee-Clark did not take to higher education easily as a new high school graduate, she continued pursuing formal…
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PhilaPort Seeks Buying 152 Acres from Norfolk Southern for $90M, Opens Door to Future Job Growth
The Philadelphia Regional Port Authority, which owns Philadelphia’s seaport facilities, is moving toward a $90 million purchase of 152 acres from Norfolk Southern, a transaction that could create thousands of jobs, writes Andrew Seidman for The Philadelphia Inquirer. The board of the state agency, which calls itself PhilaPort, earlier this week authorized its staff to…
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Philadelphia Navy Yard Receives $100M Investment from Local Maritime Manufacturer in Operation Expansion
The Philadelphia Navy Yard recently earned a $100 million investment from Philadelphia-based maritime manufacturer Rhoads Industries, writes Michael Tanenbaum for PhillyVoice. This investment is part of the expansion of Rhoads Industries’ operations, which includes plans to double its production capacity at the Navy Yard. The new 95,000-square-foot facility it’s construction and the investment will allow…
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PIDC Releases Annual Report, Highlighting Impact in Fueling Philadelphia’s Growth
PIDC, Philadelphia’s public‑private economic development arm, has released its 2024 annual review, which highlights its everyday focus to fuel Philadelphia’s growth through its four main pillars. These pillars are supporting small businesses, expanding access to capital, advancing real estate development, and strengthening communities. Last year, PIDC managed to closer 297 transactions, provided financing to 262…
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Jefferson Workforce Development Program Connects Local Students to Jobs Training, Opportunities
Jefferson Health, in partnership with the School District of Philadelphia and Esperanza College, are helping fill many job openings through its free training program, write Stephanie Stahl and Brad Nau for CBS News Philadelphia. The Jefferson Workforce Development Program provides students with both job training and subsequent job opportunities at Jefferson Health. “The mission of…
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Mayor Parker Tours Southwest Philadelphia’s Massive New Amazon Facility, Promotes It As ‘Anchor’
Mayor Cherelle Parker was recently joined by Amazon executives and representatives from ACANA, to tour the new Amazon facility in Southwest Philadelphia, writes Sherry Stone for The Philadelphia Tribune. The massive 140,000-square-foot warehouse handles between 20,000 and 25,000 packages daily throughout Philadelphia, Montgomery County, and Delaware County. The site has also added several hundred jobs…
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