Economic Development
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Center City District Receives New $500,000 Funding To Improve Street Lighting in Old City
The streets of Old City are about to get brighter thanks to a new grant, writes Nigel Thompson for KYW Newsradio. The Center City District will be getting a $500,000 grant to install a new slate of streetlights in Old City between Chestnut and Walnut streets, adjacent to Independence Hall. The new funding, courtesy of…
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Shapiro Hopes His New 10-year Economic Development Plan Sets a New Course for Pennsylvania’s Future
Pennsylvania governor Josh Shapiro recently outlined a series of key investments he would like to see the state undertake as part of a new 10-year economic development plan for the commonwealth, writes Nate Doughty for the Philadelphia Business Journal. There are five defined goals in the plan, including: The plan aims to help Pennsylvania “catch up”…
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Philly Training Program Prepares Individuals Impacted By the Justice System For Careers in the Solar Industry
Solar States has launched a new training program that aims to equip those who have been impacted by the justice system with skills in the solar industry, writes Sophia Schmidt for WHYY. The Solar States’ Find Your Ladder program is a 14-week training program that features both classroom and hands-on classes, followed by a 30-…
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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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WSJ: How Poker Lessons Can Help Women Succeed in the Workplace
Poker is known as a game of focus, strategy, and determination. Those are all qualities that are also prevalent in the workplace, writes Kayla Webster for The Wall Street Journal. In Fortune 500 companies, women are glaringly underrepresented. Those qualities can be a catalyst toward closing that gap. Jenny Just, a fintech founder, helped launch…
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Drexel University President John Fry Believes Philadelphia’s Downtown Should Be Centered on the Schuylkill
In conversations about Philadelphia’s downtown recovery forecast, Drexel University President John Fry recently noted that it should be centered on the Schuylkill, writes Ryan Mulligan for the Philadelphia Business Journal. Fry is supporting his assertion with around $1.6 billion worth of construction projects currently in the works in University City and its “three innovation districts,”…
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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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Years After Leaving the Eagles, Malcolm Jenkins Continues Trying to Leave His Mark on Philly
It may have been almost four years since Malcolm Jenkins last put on a Philadelphia Eagles uniform, but his impact continues to be felt throughout the city, writes Kristen Mosbrucker-Garza for WHYY. Beyond his former career as an NFL safety, Jenkins is also an author, business owner, philanthropist, and father. In Philadelphia, he opened a…
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Creative Planning, A Multi-Billion Dollar Wealth Management Firm, Eyes Further Expansion in Philadelphia Market
Just over two months ago, Kansas-based investment advisory firm, Creative Planning, placed itself into the Philadelphia market and now has its sights set on further expansion, writes Jeff Blumenthal for the Philadelphia Business Journal. In late November, the firm announced the acquisition of Wilmington-based Daniels + Tansey, and two months prior, Creative Planning added Berwyn-based…
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Philly Business Leaders Are Hopeful For More Economic Development As New Administration Arrives in January
For over a year, Philadelphia business owners have wanted a city government that will address the various challenges they face and hope new Mayor-Elect Cherelle Parker’s administration can do so, writes Kristen Mosbrucker-Garza for WHYY. On the campaign trail for the city’s 100th mayor, many business leaders pointed to the city’s ease of doing business…
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Greater Philadelphia Chamber of Commerce Outlines Goals for 2024 and Beyond
During the Chamber of Commerce for Greater Philadelphia’s annual meeting last week, leaders denoted quality of life as the biggest priority for the region’s business owners, writes Ryan Mulligan for the Philadelphia Business Journal. Chamber CEO Chellie Cameron highlighted the Chamber’s five-year strategic plan — Chamber 2028 — to make the Philadelphia region among the…
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What Are the Keys to Philadelphia’s Status as One of America’s Fastest Rising Life Sciences City?
Philadelphia has gained great momentum in recent years as among the nation’s biggest life sciences markets, writes Jeff DeVuono for Brandywine Realty Trust. Over the last handful of years, Philadelphia has produced breakout companies and become a place where both new and established cell and gene therapy companies come to thrive. In addition, Philadelphia has…
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As She Departs From Role, Liz Hersh Reflects on Tenure as Director of Philadelphia’s Office of Homeless Services
Liz Hersh, who served as director of Philadelphia’s Office of Homeless Services for nearly 8 years, recently announced she is stepping down from the role, writes Pat Loeb for KYW Newsradio. During her tenure, Hersh was the main catalyst in transforming the City’s approach to homelessness, helping rebrand the office, expand partnerships, and increase the…
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Wall Street Journal : Philadelphia Fed President Wants to Stop Raising Interest Rates
Patrick Harker, Philadelphia Fed President, believes that the central bank should take its time before deciding the fate of interest rate increases, writes Nick Timiraos for the Wall Street Journal. “This is a time where we just sit for a little bit … let’s see how things evolve over the next few months,” said Harker. …
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New Year-Long Street Cleaning Pilot Project Launches in Kensington
Cleaning the streets of Kensington will be an all-hands-on-deck, year-long mission, says Rosemary Connors for NBC 10 Philadelphia. Stakeholders in the area recently came together to launch a new 24-hour pilot project to provide more outreach into the Kensington neighborhood each day over the next year. Illegal dumping has been a longstanding issue in Philadelphia,…
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Philly Phinancial Literacy Week Returns, Committed to Expanding Access and Economic Resources for Underserved Communities
Since the nonprofit was founded, Philly Phinancial Literacy Week INC has strived to help residents strengthen their relationship with money, writes Jasmine Browley for Essence. The nonprofit was founded by Nisiar Smith, who also serves as chairman and president of the PPLW board. He was inspired to start the nonprofit by his strong belief…
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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: These Billionaires All Have Ties to Philadelphia
The nation’s richest individuals collectively lost about $500 billion last year, but the elite are worth $4.5 trillion, writes Rob LaFranco and Chase Peterson-Withorn for Forbes. Forbes recently released its “400 Richest People In America” list. Pennsylvania was represented throughout the list with 10 entries on the list; some of which have ties to Philadelphia.…
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