Bensalem CEO Edward DeAngelis Gives Insights on Philly’s Construction Boom
Philadelphia’s construction industry has evolved significantly over the past 25 years, with Edward DeAngelis at the forefront of this transformation, writes Todd Romero for the Philadelphia Business Journal.
As the founder and CEO of Bensalem-based EDA Contractors, DeAngelis has witnessed substantial changes since starting the company in 1999.
One notable shift has been the industry’s move towards inclusivity.
When DeAngelis began, women made up only 1-2 percent of the workforce, a figure that has now risen to 11 percent.
Programs like the Carpenters Union’s CARP are actively working to increase diversity within the sector.
Philadelphia’s construction landscape continues to thrive with large projects such as the Bellwether District and a potential new Center City arena.
DeAngelis believes that while the residential boom may slow, the city will continue to attract major developments due to its cost advantages compared to Washington, D.C., and New York.
Rising interest rates and construction costs have impacted the market, but large corporations’ record profits still drive many projects forward.
EDA Contractors, known for significant projects like the Kimmel Center, Comcast One, and the new Live! Casino, remains optimistic about future opportunities.
Read the full interview with Edward DeAngelis in the Philadelphia Business Journal.
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