Economic Development
-
Economic Uncertainty Forces Phoenixville Woman to Rethink Retirement
After 35 years as a paralegal, Cynthia “Cindy” Arena was set to retire at the end of May, but economic uncertainty made her reconsider her plans, writes Erin McCarthy for The Philadelphia Inquirer. As President Donald Trump’s global tariffs rattled markets, the 66-year-old Phoenixville resident was watching her retirement savings shrink – sometimes dramatically. “I…
-
The Montco Made Investment Initiative Ups Funding for Local Emerging Businesses
The Montco Made Investment Initiative — a partnership between the Montgomery County Industrial Development Authority and Ben Franklin Technology Partners — is expanding its impact with an additional $500,000 in funding, writes the Daily Local News. Launched in 2018, the initiative backs emerging businesses in Montgomery County by pairing Ben Franklin’s expertise in identifying promising…
-
Facing Population Declines, Two Western Pennsylvania Towns Lure New Residents with Cash
Western Pennsylvania, anticipating steep population declines over the next 25 years, is attracting new residents with cash offers through the MakeMyMove program, writes Abigail Hakas for the Pittsburgh Magazine. Several towns in Mercer County, including Sharon and Hermitage, are offering $5,000 to families who relocate there, along with benefits like YMCA memberships and access to…
-
Philadelphia Fed President Harker Pushes Back On Idea That College is Only Path to Economic Prosperity
Philadelphia Fed President Patrick Harker, who once served as a university president himself, has pushed back on the idea that college is the sole path to economic prosperity, writes Nicole Goodkind for Barron’s. “Now I’m going to say something completely inappropriate,” said Harker during the Economic Mobility Summit, hosted by the Federal Reserve Bank of…
-
Chester County Achieves Fastest Population Growth in Pennsylvania
Chester County has seen the highest influx of residents in Pennsylvania over the last four years, writes Ryan Mulligan for the Philadelphia Business Journal. According to Census Bureau data as of July 1, 2024, the state’s wealthiest county gained over 26,300 new residents between 2020 and 2024. That is an increase of nearly five percent…
-
From Bookshops to Broadway Stars: Exploring the Creative Spirit of New Hope
Though small in size, New Hope offers a vibrant arts and culture scene with something for everyone, writes Kalena Thomhave for The Keystone. Recently named the nation’s Best Small Arts & Culture Town by Travel + Leisure, New Hope is best explored on foot, with most of the attractions clustered along Main Street and Bridge…
-
Restrictive Immigration Policies Threaten Chester County Mushroom Industry
Restrictive immigration policies are causing problems for Chester County’s mushroom industry, which is struggling with a major labor shortage, write Hazel Velasco Palacios and Kathleen Sexsmith for The Philadelphia Inquirer. Chester County – home of Kennett Square, the Mushroom Capital of the World – produced 199 million pounds of mushrooms in the 2023-24 season, making…
-
Celebrating 25 Years of the Philadelphia Navy Yard, and Cheers to Many More
This year marks 25 years of the Philadelphia Navy Yard and the growth that has been seen in the past quarter-century has laid the ground work for the future, writes Jack Tomczuk for Metro Philadelphia. For the leaders behind the effort to redevelop the area, the future includes turning the Navy Yard into Philadelphia’s newest…
-
Economy League Launches Fair City Challenge to Address Disparities in Property Valuation, Neighborhood Investment
The Economy League of Greater Philadelphia has launched its latest Impact Labs social innovation challenge, the Fair City Challenge: Community Solutions for Reinvesting in Philadelphia Neighborhoods. This competition will award a $50,000 grand prize to a community-based social entrepreneur with an innovative, actionable solution that makes a direct, immediate impact on historically disinvested Philadelphia neighborhoods…
-
Inside Local Job-Training Nonprofit Leader’s Vision to Address Philadelphia’s Poverty
As CEO of local job training nonprofit Hopeworks, Dan Rhoton has a critical role to play in helping equip young people with skills and connecting them to job opportunities. However, he has a bigger goal in mind is helping end poverty in Philadelphia and Camden, writes Robert Huber for Philadelphia Magazine. Upon joining Hopeworks, Rhoton…
-
Gov. Shapiro Visits Adare Pharma Solutions in Northeast Philly, Promotes State’s Economic Development Investment
Gov. Josh Shapiro visited Adare Pharma Solutions’ new headquarters in Northeast Philadelphia, where he highlighted the state’s investment in economic development, writes Harrison Cann for City & State Pennsylvania. The drug development and manufacturing company recently relocated its headquarters from New Jersey to Philadelphia. Adare received $2.9 million in state support for expanding its existing…
-
Pennsylvania Making Historic Investments to Spur Economic Growth, Create Jobs
In a newly released video, Gov. Josh Shapiro details how his administration has worked to make Pennsylvania more economically competitive by attracting more businesses and creating good-paying jobs. Shapiro has helped to secure more than $3 billion in private sector investments to drive growth in key industries like agriculture, energy, life sciences, manufacturing, and technology.…
-
Bucks County Among Best Places to Retire in Pennsylvania
Bucks County is among Pennsylvania’s top 25 counties for seniors to settle down and embrace a peaceful, fulfilling retirement, according to a recently released ranking by Stacker. Stacker compiled the ranking of the best counties to retire in the Keystone State using data from Niche. The ranking considered several key factors, including cost of living,…
-
This Philadelphia University Produces Some of the Highest-Paid Graduates in the U.S.
Payscale has put together a list of the top colleges and universities that yield the highest salaries for graduates, and a Philadelphia university made it to the top 10, writes Morgan Smith for CNBC. University of Pennsylvania was placed ninth on the list. To put together the report, Payscale looked at the education and employment…
-
Philadelphia City Council Committee Vote to Approve Sixers’ 76 Place Arena Proposal
Philadelphia City Council committee members have voted in favor of advancing the proposal to build a new Philadelphia 76ers arena in Center City to the full City Council, writes Paul Schwedelson for the Philadelphia Business Journal. The favorable 12-4 vote overcomes a critical hurdle and comes after several delays. “This is an important next step…
-
Kennett Square Borough’s Rapid Growth and Development is Both a Gift and a Challenge
Kennett Square Borough, which totals a little more than one square mile, is known as a thriving small town of businesses, families, and nature, writes Richard L. Gaw for the Chester County Press. Once a sleepy town, Kennett Square has long been a lively town, rapidly growing in population. The borough has become a hub…
-
Pennsylvania’s Immigrant Population Helps Drive Economic Growth
Pennsylvania’s immigrant population is one of the driving forces behind the state’s economic growth, according to a report from the Pennsylvania Immigration Coalition, writes Ashley Adams for The Keystone. Pennsylvania is the fifth most populated state in the nation and its sixth largest economy with gross domestic product of $915 billion. With around 978,000 immigrant…
-
Center City Businesses, Organizations Want to Make Downtown Philadelphia More Convenient For All
Center City businesses and organizations are looking for ways to make visiting Philadelphia’s downtown more convenient for everybody, writes Emma Dooling for the Philadelphia Business Journal. Center City District CEO Prema Katari Gupta said during her organization’s recent panel event that her focus is no longer on pre-pandemic recovery but instead attracting new residents, workers,…
Founding Partners
Advertisement
Affiliate Partners
