Economic Development
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Why King of Prussia Keeps Winning Major Employers
For decades, King of Prussia was best known for its mall, its highway access, and its sprawling office parks. But the Montgomery County community has steadily become something larger: one of suburban Philadelphia’s most powerful employment centers. Location and Tax Advantages The reason is not hard to see. King of Prussia gives companies a rare…
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Wealthiest Towns in Bucks County: Upper Makefield, Solebury Lead Pennsylvania Rankings
Bucks County is home to some of Pennsylvania’s wealthiest zip codes, and the numbers back it up, writes Chris Ullery for Bucks County Courier Times. A new analysis of 2024 American Community Survey data reveals that several Bucks County communities rank among the wealthiest in the state. The data evaluated what percentage of households in…
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Can Factory-Built Homes Help Philadelphia Close Its Housing Gap?
Philadelphia has a housing problem, and Mayor Cherelle Parker is betting that part of the answer might be built in a factory, writes Gabriel Donahue for Technical.ly. Her administration’s $2 billion H.O.M.E. (Housing Opportunities Made Easy) initiative sets an ambitious target: 30,000 housing units created or restored across the city. But getting there means building…
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Urban Outfitters to Add 1,000+ Jobs in Falls Township and Philadelphia by 2033
A Philadelphia original is doubling down on its hometown. Urban Outfitters Inc. is set to bring more than 1,000 new jobs to the region over the next seven years, with hundreds of them rooted in a fast-growing Bucks County operation, writes Ariana Perez-Castells for The Philadelphia Inquirer. The parent company behind Urban Outfitters, Anthropologie, Free…
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BusinessPA’s Aaron Pitts Brings Jobs, Investment, and a New Economic Strategy to Pennsylvania
As one of Pennsylvania’s foremost economic strategists, Aaron Pitts has spent the past year quietly dismantling the state’s longstanding business obstacles—and the results are hard to ignore, writes Paul Schwedelson for Philadelphia Business Journal. Since joining the Shapiro administration through the BusinessPA team in 2024, Pitts has helped Pennsylvania lock in more than $41 billion…
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The AI Buildout Came to Montgomery County. Now Residents Fear It’s Too Late to Stop It.
The battle over data centers in Montgomery County has entered a critical new phase, writes Justin Heinze for Patch. Eight projects backed by developer Brian O’Neill and his King of Prussia firm MLP Ventures are now formally on the table, targeting sites near Renaissance Park, Swedeland Road, Horizon Drive, and River Road. Together, they represent…
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Bucks County Boasts Top Wealthy Neighborhoods in the Nation
The Philadelphia region is home to some of the wealthiest zip codes in the country, including two Bucks County towns, write Joanne Drilling and Ryan Mulligan for the Philadelphia Business Journal. The rankings were based on a weighted formula based on metrics such as home value, income, and population density. Richboro (577), Washington…
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Five Chester County Companies Rank in ‘Micro-Category’ List of Best Places to Work
The Philadelphia Business Journal’s Best Places to Work list is underway with the release of its micro-category workplaces, and these Chester County companies are on the roster this year, writes Lara Schwartz for the publication. PBJ partners with Quantum Workplace to determine the top employers in Greater Philadelphia. Businesses are chosen based on surveys sent…
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Philadelphia’s 2026 Sports Boom: What the FIFA World Cup and MLB All-Star Game Mean for the Local Economy
“Philadelphia has what it takes to host the world.” Those were the words spoken by Kevin Kaiser, adjunct full professor of finance at The Wharton School. He was moderating a recent panel discussion at the school, “The Economics of Hosting the World,” which took a deep dive into how hosting major sporting events can influence…
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Florida Company Acquires Bucks County Golf Course Operator Spirit Golf Management
Sports Facilities Companies of Florida has acquired Lambertville-based Spirit Golf Management, the operator of four golf courses in Bucks County, writes John George for the Philadelphia Business Journal. The New Jersey golf management firm will continue operating under its existing brand. With this acquisition, the Clearwater-based Sports Facilities will get to enter the Philadelphia market…
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Center City Remains Popular Residential Neighborhood and Jobs Hub, While Other Challenges Persist
While Center City Philadelphia is still feeling the effects of the COVID-19 pandemic, its recovery is further along than many other American downtowns because of its booming residential population, writes Jake Blumgart for The Philadelphia Inquirer. The booming residential population is a big help, as the area’s foot traffic is still about 80 percent of…
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Several Bucks County Towns Make Big Strides Up Wealth Rankings
Several Bucks County municipalities have climbed the top 50 list in a regional income analysis, with some towns now staking a claim to the “Big Bucks County” label, writes Anthony R. Wood and John Duchneskie for The Philadelphia Inquirer. New Hope and Solebury, towns linked to reality television personality Yolanda Hadid of Real Housewives of…
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This Bucks County Suburb Named Among the Best in Philadelphia
One Bucks County township has found its place among the 25 best suburbs in Philadelphia, according to a recently released report from Stacker. Stacker used data provided by Niche to determine the best suburbs in Philadelphia. Niche used several metrics to rank suburbs across the U.S., including diversity, the cost of living, the share of…
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January Sees Slight Drop in PA Unemployment Rate, Record Number of Nonfarm Jobs
In January, the unemployment rate in Pennsylvania declined to 4.3 percent while nonfarm employment reached a new peak statewide, according to a preliminary report by the state Department of Labor & Industry, writes Ian Karbal for The Keystone. While the unemployment rate dipped slightly from 4.4 percent in December, it is still up from the…
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Modest Increase in Foreign-Born Workers Leaves Philadelphia Behind Peer Cities in Economic Growth
Greater Philadelphia’s economic growth has trailed many peer cities, driven by only modest increases in foreign-born workers between 2014 and 2024, write Ryan Mulligan and Joanne Drilling for the Philadelphia Business Journal. Brookings’ annual Metro Monitor research examined how economic growth in the largest metropolitan areas across the country corresponded with the changes in their…
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These Bucks County Zip Codes Were Listed As Some of The Wealthiest in the Greater Philadelphia Region
Two Bucks County areas made a recent list of the wealthiest zip codes in the Philadelphia area, a testament to county’s prestige. Todd Romero wrote about the areas for the Philadelphia Business Journal. The list includes ten zip codes in and around the Greater Philadelphia area, where 38% of the household incomes bring in an…
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This Delaware County Community Is Among the Wealthiest in the Region
Swarthmore Borough comes out on top as far as wealth, ranking among the top 20 percent wealthiest communities in the Philadelphia region, writes Lisa Dukart for The Philadelphia Inquirer. That’s according to the latest U.S. Census American Community Survey data, looking at median household income. Between 2020 and 2024, Swarthmore Borough residents had an annual…
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Philadelphia Boasts One of the Nation’s Strongest Economies
Philadelphia’s economy is currently ranked as one of the nation’s strongest for the first time in generations, writes Mark Zandi for The Philadelphia Inquirer. The city boasted the strongest job growth last year among the 25 largest metropolitan areas with populations in the millions, rising 1.2 percent in 2025. Other major development projects also indicate strong economic success. This includes the…
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